LR 21.4 Continuing obligations: Equity shares

1A listed company must comply with:

1. (1)

   LR 9 (Continuing obligations) subject to the modifications and additional requirements set out in LR 21.4.2G to LR 21.4.4R;

2. (2)

   LR 10 (Significant transactions: Premium listing);

3. (3)

   LR 12 (Dealing in own securities and treasury shares: Premium listing); and

4. (4)

   LR 13 (Contents of circulars: Premium listing) subject to the modifications set out in LR 21.4.3R.

2LR 9.2.22AR to LR 9.2.22FG do not apply for the purposes of LR 21.4.1R.

1For the purposes of LR 21.4.1R(1) and LR 21.4.1R(4), references to controlling shareholder must be read as excluding a sovereign controlling shareholder in, or for the purposes of, the following:

1. (1)

   LR 9.2.2ABR and LR 9.2.2ACG;

2. (2)

   LR 9.2.2ADR(1);

3. (3)

   LR 9.2.2BR;

4. (4)

   LR 9.2.2CR;

5. (5)

   LR 9.2.2GR and LR 9.2.2HG;

6. (6)

   LR 9.8.4 R(11);

7. (7)

   LR 9.8.4R(14); and

8. (8)

   LR 13.8.18R

1For the purposes of LR 21.4.1R(1):

1. (1)

   in the second sentence of LR 9.2.21R(2)2 the reference to the provisions of LR 5.4A.4R(3)(b)(ii) and LR 5.4A.4R(3)(c)(ii) must be read as a reference to the provisions of LR 5.4A.4R(3)(d)(ii);

2. (2)

   in LR 9.2.26G the reference to LR 9.2 must be read as a reference to LR 9.2 as modified by LR 21.4; and

3. (3)

   in LR 9.8.4CR the reference to LR 9.8.4R must be read as a reference to LR 9.8.4R as modified by LR 21.4.3R.

1A listed company must at all times have a sovereign controlling shareholder.

1To comply with LR 21.4.6R, a State which is a sovereign controlling shareholder must be either:

1. (1)

   recognised by the government of the UK as a State; or

2. (2)

   the UK.

1A listed company must notify the FCA without delay if it no longer complies with the continuing obligation set out in LR 21.4.6R.