LR 8.2 When a sponsor must be appointed or its guidance obtained2

When a sponsor must be appointed

LR 8.2.1R06/04/2010

A company with, or applying for, a premium listing of its equity shares 5 must appoint a sponsor on each occasion that it:4

(1)
makes an application for admission of equity shares 5 which:
1. (a)
  requires the production of a prospectus or equivalent document 1; or
2. (b)
  is accompanied by a certificate of approval from another competent authority; or
3. (c)
  is accompanied by a summary document as required by PR 1.2.3R (8); or
4. (d)
  requires the production of listing particulars and is referred to in LR 15.3.3 R or LR 16.3.4 R; or2
(2)
is required to producea class 1 circular; or
(3)
is producinga circular that proposes a reconstruction or a refinancing which does not constitute a class 1 transaction; or
(4)
is producinga circular for the proposed purchase of own shares::
1. (a)
  which does not constitute a class 1 circular; and
2. (b)
  is required by LR 13.7.1R (2) to include a working capital statement; or
(5)
is required to do so by the FSA because it appears to the FSA that there is, or there may be, a breach of the listing rules or the disclosure rules andtransparency rules 4 3
4 3 2
by the listed company.

LR 8.2.1AR06/04/2010

4A company must appoint a sponsor where it applies to transfer its category of equity shares'5 listing from:

LR 8.2.2R06/10/2009

If a listed company is proposing to enter into a transaction which due to its size or nature could amount to a class 1 transaction or a reverse takeover it must obtain the guidance of a sponsor to assess the application of the listing rules anddisclosure rules and transparency rules.3 2

LR 8.2.3R06/10/2009

If a listed company is proposing to enter into a transaction which is, or may be, a related party transaction it must obtain the guidance of a sponsor in order to assess the application of the listing rules and disclosure rules and transparency rules 3.2