LR 10.6 Reverse takeover requirements
A listed company must in relation to a reverse takeover comply with the requirements of LR 10.5 (Class 1 requirements) for that transaction.
Cancellation of listing
When a listed company completes a reverse takeover, the FSA will generally cancel the listing of its securities (see LR 5.2.3 G) and the company will be required to re-apply for the listing of the securities and satisfy the relevant requirements for listing (except that LR 6.1.3 R (1)(b)) will not apply in relation to the listed company's accounts).