COVID-19 Corporate Update: Capital Raising by UK Public Companies

COVID-19 Corporate Update: Capital Raising by UK Public Companies

April 14, 2020, Covington Alert

On 8 April, the UK Financial Conduct Authority (FCA) announced further measures to assist companies seeking to raise finance from the capital markets in order to meet the challenges of the COVID-19 pandemic and position their businesses for recovery. The FCA Statement of Policy sets out guidance on the application and relaxation of certain pre-existing rules, differentiating in approach according to the size of share issue.