Further Details
The following sets out the content of the course in the approximate order in which it will be discussed during the day.
Stock market flotations
• The Official List and AIM
• Suitability for quotation
• Advantages and disadvantages of a listing
• Valuation
• Regulatory considerations
• Offers for sale / subscription
• Placings / intermediaries offers
• Introductions & reverse takeovers
• Stabilisation and the Greenshoe
Advisory roles in corporate finance deals
• New issue sponsors
• Stockbrokers
• Accountants
• Solicitors
• Other advisers
Corporate transactions
• Rights issues and pre-emption rights
• Convertible loan stocks
• Equity warrants
• Open offers
• Vendor placings
• Capitalisation issues
• Purchase of own shares
• Reduction of share capital
• ADRs & GDRs
Corporate restructuring
• Rationale and objectives
• Spin offs & carve outs
• Demerger mechanics
• Direct dividend & triangular structures
• S.110 liquidation schemes
• S.425 schemes of arrangement
Acquisition of private companies
• Commercial and financial rationale
• Structuring an earn-out
• Due diligence
Takeover of public companies
• Initial decisions
• Hostile bids
• Defence strategies
• Overview of the Takeover Code
Guide price
£3,200 per day + VAT |
