Akademik

Class 3

A transaction for a listed company, the size of which results in a percentage ratio of less than 5% under the class tests set out in the Listing Rules. A Class 3 transaction does not require announcement to a Regulatory Information Service unless the company releases any details to the public or, in the case of an acquisition, the consideration includes the issue of shares which will be listed. The Listing Rules set out the requirements for any announcement if it is required (one of paragraphs 10.3.1R(2) or 10.3.2R(2)). Less information is required than for a Class 1 or Class 2 announcement.