UKLR 21.3 Requests to cancel or suspend

1A request by an issuer for the listing of its securities to be suspended or cancelled must be in writing and must include:

1. (1)

   the issuer’s name;

2. (2)

   details of the securities to which it relates and the RIEs on which they are traded;

3. (3)

   a clear explanation of the background and reasons for the request;

4. (4)

   the date on which the issuer requests the suspension or cancellation to take effect;

5. (5)

   for a suspension, the time the issuer wants the suspension to take effect;

6. (6)

   if relevant, a copy of any circular or announcement or other document upon which the issuer is relying;

7. (7)

   if relevant, evidence of any resolution required under UKLR 21.2.8R;

8. (8)

   if being made by an agent on behalf of the issuer, confirmation that the agent has the issuer’s authority to make it;

9. (9)

   the name and contact details of the person at the issuer (or, if appropriate, an agent) with whom the FCA should liaise in relation to the request;

10. (10)

    if the issuer is making a conditional request, a clear statement of the applicable conditions;

11. (11)

    a copy of any announcement the issuer proposes to notify to a RIS that it is relying on in making its request to suspend or cancel; and

12. (12)

    a copy of any announcement the issuer proposes to notify to a RIS announcing the suspension or cancellation.

1The issuer must also include, with a request to cancel the listing of its securities, the following:

1. (1)

   if the cancellation is to take effect after the completion of the compulsory acquisition procedures under Chapter 3 of Part 28 of the Companies Act 2006, a copy of the notice sent to dissenting shareholders of the offeree, together with written confirmation that no objections have been made to the court within the prescribed period;

2. (2)

   for a cancellation referred to in UKLR 21.2.11R or UKLR 21.2.14R an extract from, or a copy of, the offer document or relevant circular, clearly showing the intention to cancel the offeree’s listing, and a copy of the announcement stating the date on which the cancellation was expected to take effect; and

3. (3)

   if a cancellation is to take place after a scheme of arrangement becomes effective under section 899 of the Companies Act 2006 and a new company is to be listed as a result of that scheme, either:

   1. (a)

      a copy of the certificate from the Registrar of Companies that the scheme has become effective; or

   2. (b)

      documents which demonstrate adequately that the scheme will become effective on a specified date in the future.

1A written request by an issuer to have the listing of its securities cancelled must be made not less than 24 hours before the cancellation is expected to take effect.