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.

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