UKLR 22.1 Application

1. (1)

   This chapter applies to a listed company which:

   1. (a)

      prior to 29 July 2024, had a listing of equity shares in what was previously known as the ‘standard listing (shares)’ category under the Listing Rules sourcebook as it applied immediately prior to 29 July 2024; or

   2. (b)

      satisfies the following:

      1. (i)

         falls within the definition of an “in-flight applicant” in UKLR TP 1.1R;

      2. (ii)

         prior to 29 July 2024, had applied for a listing in what was previously known as the ‘standard listing (shares)’ category under the Listing Rules sourcebook as it applied immediately prior to 29 July 2024; and

      3. (iii)

         has been admitted to listing prior to 29 July 2025,

      other than a listing of equity shares that would be eligible for admission to the listing categories in (2).

2. (2)

   For the purposes of (1), the listing categories are:

   1. (a)

      the equity shares (international commercial companies secondary listing) category;

   2. (b)

      the equity shares (shell companies) category; or

   3. (c)

      the non-equity shares and non-voting equity shares category.

A company’s equity shares will not be eligible for admission to the equity shares (transition) category where those equity shares are eligible for admission to any of the listing categories set out in UKLR 22.1.1R(2)(a) to (c).

A company with a listing of equity shares in the equity shares (transition) category will not be eligible for re-admission to the equity shares (transition) category on completion of a reverse takeover.