Shareholder activism meaning

Market Standards Trend Report—trends in UK public M&A in 2023 The Market Standards Trend Report delivers a detailed examination of the 56 firm offers, 39 possible offers and 11 notifications of formal sale processes and/or strategic reviews that were announced throughout 2023 by Main Market and AIM companies within the ambit of the Takeover Code (the Code). Alongside this, it sets out perspectives on public M&A movements and what Market Standards, Lexis+® UK Practical Guidance and our contributors anticipate will materialise in 2024 and beyond. It also distils key insights. What does the Market Standards Trend Report cover? The Market Standards Trend Report explores the following: 2024 outlook deal values and overall volumes transaction structures unrecommended, competing and mandatory bids public-to-private (P2P) transactions jurisdiction of bidders industry focus offer timetables bid financing shareholder engagement legal and regulatory developments The Trend Report features analysis of high-profile transactions, notably EQT’s £4.5bn offer for...

ARCHIVED: Released in 2020 and not actively maintained, this Market Standards trend report—produced with White & Case and Activist Insight, and featuring contributions from UBS Investment Bank, Georgeson and Greenbrook—examines recent UK shareholder activism, including a look back at H1 2020. It also sets out how companies can ready themselves for an activist approach and offers guidance for activists on running a successful campaign in the UK... What does the Market Standards trend report cover? Activity levels, such as the number of companies targeted and the capital committed to campaigns Target company profile, covering industry sector and size Activist profile, including the volume of first-time activists The nature of the demands activists are making How far activists succeed in securing their objectives How companies can prepare for an activist approach Tips for running a successful activist campaign...

This Practice Note summarises the law, guidelines and market practice in relation to holding a general meeting It serves both practitioners and company secretaries dealing with and advising companies whose equity shares are listed on the Main Market of London Stock Exchange plc (listed companies), as well as companies with equity shares admitted to AIM (AIM companies). For details on the notice requirements for a general meeting of a listed or AIM company, refer to Practice Note: General meetings—notice requirements for listed public companies for further information and context. Members of a company may convene and hold a general meeting at any time, and as frequently as required within a year, as needed, so that they can pass resolutions to implement specified changes or to authorise particular actions. The Companies Act 2006 (CA 2006) sets out detailed provisions governing the calling and conduct of general meetings. The CA 2006 also imposes additional obligations on a public company that is a traded company or a quoted company. This captures listed...

This Practice Note maps the rules governing pay for directors of quoted companies, set against rising shareholder activism and greater media scrutiny of executive reward. It distils the statutory reporting regime on directors’ remuneration for quoted companies and highlights key provisions of the Companies Act 2006 (CA 2006), the UK Listing Rules (UKLR), the Financial Reporting Council’s (FRC) UK Corporate Governance Code (UKCG Code), together with best practice guidance on executive pay... Directors’ remuneration—law, regulation and best practice Legislation Under the CA 2006 and the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, SI 2008/410, directors of a quoted company must produce an annual remuneration report disclosing prescribed details of directors’ pay. For CA 2006 purposes, a quoted company is a UK company whose equity share capital: has been admitted to the Official List of the London Stock Exchange is officially listed in an EEA state, or is admitted to dealing on the New York Stock Exchange or NASDAQ...