Companies with a premium list are required to either comply with the UK corporate governance code or explain why they do not respect compliance. Bookrunners are generally interested in the fact that in addition to the chairman of the board, there are at least two non-executive directors, there is a chairman and an executive director, and the company has a CFO experienced in the CFO of listed companies. For large companies, the Bookrunners might want up to half of the board of directors, with the exception of the chairman, who is made up of independent non-executive directors. If you and your family and anyone else who treats you or is related to you hold a 30% or more interest in the company after the IPO, a relationship agreement must be reached to require you to ensure that all agreements between you and the persons connected with the company are on an arm`s length basis. If you are a director of the company, you must assume responsibility for the information contained in the prospectus and be a party to the insurance agreement (as a director), as the Bookrunners require guarantees from directors, as they will with the existing founders/majority shareholders. Upon request, we can provide you with a detailed memorandum on the commitments of directors of a company with a premium list on the main market of the London Stock Exchange. Investment banks and both groups of lawyers will perform thorough due diligence for your business, including a thorough review of your timer books, corporate books and records, material agreements, material disputes, document portfolios, regulatory documents and agency correspondence, etc. Anticipate materials that investment banks and lawyers will begin to organize in order to speed up the due diligence process. Otherwise, there may be avoidable delays in your IPO.
Set up an online data room for the delivery of due diligence equipment and have it replenished at an early stage and then maintained. In addition, the IPO will include a comprehensive fact-checking process (known as verification) for various claims in your disclosure document and other IPO documents. The timely implementation of appropriate verification materials can greatly facilitate the IPO process. Discuss with your consultants at an early stage the market, business and industry data you want to display in your disclosure document, where it can be obtained and whether it is already available, whether or not you have permission to coat. Consider whether you are asking third-party consultants to write a report on market and industry information and, if so, to indicate in advance the basis on which the information contained in this report may be included in your disclosure document and other marketing materials such as investor submissions.