PLC What's Market

The latest deals and AGMs summarised and compared

What's Market is a deals and AGM database that lets you search and compare a wide range of public company transactions and AGM materials. What's Market also provides easy access to public documents (where available). The database is aimed at lawyers and other professionals involved in corporate finance transactions and in preparing AGM documents. Access to What's Market is included in the PLC Corporate and PLC Finance services.

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Search for details of recent deals or AGMs

Reduce your research time by instantly gaining access to deals and precedents relevant to your transaction by performing a simple search or narrowing your search by applying specific filters such as deal type, industry sector, market, FTSE index, structure of deal and whether it was underwritten.

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Quickly focus in on the detail you need with a simple interface to review your search results and browse summaries of the deals or AGMs.

Deal terms and AGMs are summarised and analysed by PLC’s experienced professional support team.

Compare features and terms across a range of deals and AGMs

Rapidly gain an understanding of the market practice relating to your transactions. For example, commission rates on rights issues, break fee triggers or details of look-up arrangements. Comparison reports can be viewed on-screen or exported to Microsoft Word® or Microsoft Excel®.

Direct access to public documents

The deal and AGM summaries have direct links to public deal documentation and PLC know-how and therefore provide primary source material at your fingertips, with practical explanations of the law from PLC Corporate and PLC Finance.

Details of the following corporate finance transactions and AGMs are included in What's Market

Deal type	Deal description	Threshold
*Convertible bonds*	Issues of convertible bonds on the Main Market and Professional Securities Market of the London Stock Exchange. From January 2009.	A selection of issues of convertible bonds.
*De-listings: Main Market and AIM*	Analysis of companies leaving the Main Market or AIM. From July 2008.	A selection of de-listings.
*Demergers*	Analysis of demergers of UK listed companies. From March 2006.	A selection of demergers.
*AGMs: FTSE 350 and AIM 50*	Analysis of notices of annual general meetings and annual reports and accounts to assess market practice on resolutions being passed. From January 2007 (Main Market). From January 2009 (AIM).	From 2011: FTSE 350 commercial companies. AIM 50 companies. Please note this does not include closed ended investment funds.
*IPOs*
IPOs: Main Market	IPOs by UK and non-UK issuers on the Main Market. From January 2007.	Market capitalisation on admission £150 million and above.
IPOs: AIM	Admissions to AIM by UK and non-UK issuers. From January 2008.	Market capitalisation on admission £25 million and above Our threshold for 2008 was £50 million and above.
*Joint ventures*	Joint ventures involving listed companies. From August 2007.	A selection of joint ventures.
*Listed company restructurings*	Restructurings by listed companies (including debt for equity swaps and company voluntary arrangements (CVAs)). From January 2009.	Significant restructurings.
*Listing Rules transactions*	Transactions covered by LR 10 or LR 11 of the Listing Rules (including class 1 transactions, reverse takeovers and related party transactions). From January 2009.	Significant transactions.
*Public M&A deals*	Takeovers of public companies listed on the Main Market or admitted to AIM to which the Takeover Code applies. From January 2007. In cases of doubt, the Takeover Panel should be consulted.	As from 19 September 2011 and for a limited period, all offers announced for targets with shares listed on the Main Market or admitted to AIM to which the Takeover Code applies. Our threshold for 2009 – 18 September 2011 was: Target with shares listed on the Main Market: deal value £100 million and above. Target with shares admitted to AIM: deal value £50 million and above. Our threshold for 2007 & 2008 was £250 million and above.
*Reorganisations and schemes*	Reorganisations and schemes announced by premium equity commercial companies listed on the Main Market or admitted to AIM, including reductions of capital, redomiciliations, schemes of arrangement, and consolidation and sub-divisions of share capital.	Significant reorganisations and schemes.
*Returns of value to shareholders*	Returns of value to shareholders announced by premium equity commercial companies listed on the Main Market or AIM including by way of B share schemes, special dividends or tender offers. From January 2007.	Significant returns of value to shareholders.
*Secondary issues*
Open offers	Open offers announced by premium equity commercial companies listed on the Main Market and companies admitted to AIM. From January 2007.	Value of £20 million or above (or lower where accompanied by a significant cash placing).
Placings	Placings announced by premium equity commercial companies listed on the Main Market and companies admitted to AIM. From January 2007.	Significant cash placings.
Rights issue	Rights issues announced by premium equity commercial companies listed on the Main Market and companies admitted to AIM. From January 2007.	Value of £60 million or above.
*Transfers to the Official List from AIM*	Admissions to the Official List of the Main Market from AIM. From January 2008.