UKLR 21.3 Requests to cancel or suspend

A request by an issuer for the listing of its securities to be suspended or cancelled must be in writing and must include:

1. (1)

   the issuer’s name;

2. (2)

   details of the securities to which it relates and the RIEs on which they are traded;

3. (3)

   a clear explanation of the background and reasons for the request;

4. (4)

   the date on which the issuer requests the suspension or cancellation to take effect;

5. (5)

   for a suspension, the time the issuer wants the suspension to take effect;

6. (6)

   if relevant, a copy of any circular or announcement or other document upon which the issuer is relying;

7. (7)

   if relevant, evidence of any resolution required under UKLR 21.2.8R;

8. (8)

   if being made by an agent on behalf of the issuer, confirmation that the agent has the issuer’s authority to make it;

9. (9)

   the name and contact details of the person at the issuer (or, if appropriate, an agent) with whom the FCA should liaise in relation to the request;

10. (10)

    if the issuer is making a conditional request, a clear statement of the applicable conditions;

11. (11)

    a copy of any announcement the issuer proposes to notify to a RIS that it is relying on in making its request to suspend or cancel; and

12. (12)

    a copy of any announcement the issuer proposes to notify to a RIS announcing the suspension or cancellation.

The issuer must also include, with a request to cancel the listing of its securities, the following:

1. (1)

   if the cancellation is to take effect after the completion of the compulsory acquisition procedures under Chapter 3 of Part 28 of the Companies Act 2006, a copy of the notice sent to dissenting shareholders of the offeree, together with written confirmation that no objections have been made to the court within the prescribed period;

2. (2)

   for a cancellation referred to in UKLR 21.2.11R or UKLR 21.2.14R an extract from, or a copy of, the offer document or relevant circular, clearly showing the intention to cancel the offeree’s listing, and a copy of the announcement stating the date on which the cancellation was expected to take effect; and

3. (3)

   if a cancellation is to take place after a scheme of arrangement becomes effective under section 899 of the Companies Act 2006 and a new company is to be listed as a result of that scheme, either:

   1. (a)

      a copy of the certificate from the Registrar of Companies that the scheme has become effective; or

   2. (b)

      documents which demonstrate adequately that the scheme will become effective on a specified date in the future.

A written request by an issuer to have the listing of its securities cancelled must be made not less than 24 hours before the cancellation is expected to take effect.