Significant Transaction

Definition:

A transaction entered into by an issuer subject to the UK Listing Rules (UKLR), the size of which results in any of the UK Listing Rules (UKLR) breaching a 25% threshold. The issuer must (i) publish an initial announcement, (ii) after the transaction terms are agreed, the company must publish a follow-on announcement; and (iii) publish an announcement as soon as possible after completion. A supplementary announcement will be required if material changes occur which impact the disclosures in the initial or follow-on announcement.

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