LR 21.2 Requirements for listing: Equity shares

1To be listed, an applicant must comply with:

1. (1)

   LR 2 (Requirements for listing: All securities);

2. (2)

   LR 6 (Additional requirements for premium listing (commercial company)) except LR 6.1.1R and subject to the modifications and additional requirements set out in LR 21.2.2G to LR 21.2.5R; and

3. (3)

   LR 21.2.6R and LR 21.2.7R.

1For the purposes of LR 21.2.1R(2), in LR 6.5 references to a controlling shareholder must be read as excluding a sovereign controlling shareholder.

1For the purposes of LR 21.2.1R(2), in LR 6.14.5G(2)(c) the reference to premium listing (commercial companies) must be read as a reference to premium listing (sovereign controlled commercial company).

1LR 21.2.1R(2) does not apply where:

1. (1)

   the applicant meets the following conditions:

   1. (a)

      it has an existing premium listing (sovereign controlled commercial company) of equity shares;

   2. (b)

      it is applying for the admission of equity shares of the same class as the shares that have been admitted to premium listing; and

   3. (c)

      it is not entering into a transaction classified as a reverse takeover; or

2. (2)

   the following conditions are met:

   1. (a)

      a company has an existing premium listing (sovereign controlled commercial company) of equity shares;

   2. (b)

      the applicant is a new holding company of the company in (a); and

   3. (c)

      the company in (a) is not entering into a transaction classified as a reverse takeover.

1An applicant must have a sovereign controlling shareholder.

1To comply with LR 21.2.6R, a State which is a sovereign controlling shareholder must be either:

1. (1)

   recognised by the government of the UK as a State at the time the application is made; or

2. (2)

   the UK.