PEG extends additional flexibility for equity placings
Released 04 September 2020
The Pre-Emption Group (PEG) is extending, to 30 November 2020, its recommendation that investors, on a case-by-case basis, continue to consider supporting placings by companies of up to 20% of their issued share capital over a 12-month period.
The PEG’s original recommendation on additional flexibility, introduced as a temporary measure on 1 April 2020 as a direct result of the severe business implications of Covid-19, has been very well received by the market.
Further information can be found on the FRC website at https://www.frc.org.uk/news/september-2020-(1)/pre-emption-group-extends-additional-flexibility-f.