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Training Course Summary:

Participants will learn about the general principles which underpin the Purple Book, compliance with and enforcement of the Listing Rules and the role of the sponsor. In addition they will gain a strong understanding of the conditions and methods of listing, the listing procedures and the contents of listing particulars and all aspects of continuing obligations. They will be able to advise clients on the principal concepts and terminology contained in the Purple Book as well as the practical application of the rules regarding both listings and continuing obligations.

Training Course Overview/Content:

Compliance and Enforcement
General principles
Sanctions

The Role of the Sponsor
Qualifications and appointment
Responsibilities

Application for a Listing
Regulatory conditions for companies and shares
Methods of obtaining a listing
Listing application procedures
Publication and circulation of prospectuses and listing particulars
Approval process
Exemption
Contents of listing particulars

Financial Information
Accountants' reports
Profit forecasts / estimates
Pro forma statements
Annual reports and accounts
Combined Code
Half-yearly reports

Corporate Transactions
Class Tests
Related party transactions
Purchase of own shares

Continuing Obligations
Disclosures
Dissemination of price-sensitive information
Directors and the Model Code
Documents not requiring approval
Circulars

Specialised Areas
Mineral companies
Property companies
Scientific research based companies
Innovative high growth companies