significant transaction

(1) (in FEES) a transaction where:
1. (a) the issuer has a market capitalisation of less than £1.5billion and has submitted to the FCA for approval or review a document in relation to:225
  1. 225 (i) a reverse takeover by an issuer that does not have a listing in the equity shares (commercial companies) category and is not a closed-ended investment fund;
  2. (ii) an initial transaction;
  3. (iii) a hostile takeover; or
  4. (iv) a significant restructuring; or
2. (b) the issuer has a market capitalisation that is equal to or more than £500million and less than £5billion and has submitted to the FCA for approval or review:
  1. (i) a prospectus for equity securities or specified exempted documents 190;
  2. (ii) a prospectus or listing particulars in relation to a certificate representing certain securities;
  3. (iii) a document in relation to a reverse takeover by an issuer with a listing in the equity shares (commercial companies) category; or225
  4. 225(iv) a document in relation to a reverse takeover by a closed-ended investment fund.
224(2) (in UKLR) a transaction classified as a significant transaction under UKLR 7.

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