On 27 July 2017, the Pre-Emption Group issued a statement confirming that it does not intend to change the pre-emption thresholds set out in the 2015 Statement of Principles.
The current pre-emption thresholds allow for two resolutions for disapplication authority – the first five per cent for general corporate purposes and, when applied for, the second five per cent for use only in connection with an acquisition or specified capital investment. No change to the flexibility permitted by the guidelines is expected as a consequence of the new Prospectus Regulation.
The full statement is available here:
https://www.frc.org.uk/news/july-2017/no-change-to-pre-emption-thresholds-for-prospectus
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