Akademik

Class 1
A major transaction for a listed company, the size of which results in a 25% threshold being reached under any one of the class tests set out in the Listing Rules. For class 1 transactions, the Listing Rules require an announcement to a Regulatory Information Service, an explanatory circular (known as a Class 1 circular) and shareholder approval of the transaction (Chapter 10, Listing Rules).
Related links
Listing Rules
Regulatory Information Service (RIS)
class tests
Class 2
Class 3
Class 1 circular
Class 1 transaction
circular

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.