Split of Insider/outsider systems

This topic has 1 reply, 2 voices, and was last updated 11 years ago by biggles.

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December 8, 2014 at 4:34 pm #219443
Edward
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Hi,

If a family business floats shares of its business on the stock exchange but retains controlling interest, is it still classified as a an insider system and thus not subject to the same CG rules as a fully listed PLC or is subject to SE rules only? Can you clarify for both UK and the US?

Thanks,

Ed
December 13, 2014 at 10:10 pm #220481
biggles
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If it floats its shares on the exchange, then their publicly quoted and therefor subject to full cg
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