The role of the london stock exchange ukla in the ipo process
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The Role of the London Stock Exchange & UKLA in the IPO process. Agenda. Overview of the London Stock Exchange The admission process Questions. Overview. Because one size does not fit all, we offer a choice of markets.

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The Role of the London Stock Exchange & UKLA in the IPO process

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The role of the london stock exchange ukla in the ipo process

The Role of the London Stock Exchange & UKLA in the IPO process


Agenda

Agenda

  • Overview of the London Stock Exchange

  • The admission process

  • Questions


Overview

Overview


Because one size does not fit all we offer a choice of markets

Because one size does not fit all, we offer a choice of markets

The Exchange’s flagship international market for established companies across all sectors.

The Exchange’s international market for smaller growing companies

The Exchange's market for specialist investment funds, targeting institutional, professional and highly knowledgeable investors

The Exchange’s market for wholesaleissuers of debt and depositary receipts


The role of the london stock exchange ukla in the ipo process

The Main Market

  • Potentially eligible for the FTSE UK Series

  • A wide variety of different securities are eligible

  • The eligibility and ongoing obligations vary according to the type of securities a company chooses to issue

  • A primary listing requires the company to meet the highest standards of regulation and disclosure in Europe

  • Potentially eligible for the FTSE Russia IOB Index

Primary Listed Shares

Level of Disclosure

Secondary Listed Shares

(Secondary Listed) GDRs


Key statistics

Key Statistics

1,264 UK companies

£2,014bn market value

326 international companies £2,629bn market value

Total Main Market companies: 1,590

Total Main Market value: £4,644bn

Source: London Stock Exchange Statistics, August 2007


The role of the london stock exchange ukla in the ipo process

CIS Main Market – Key Data

  • 49 Companies – Russia (36), Kazakhstan (10), Ukraine (2), Georgia (1)

  • 43 DR issuers, 6 Primary Share Listings

  • In 2007, 12 CIS companies have raised over £9.6 billion in DR placings*

  • 2 Transfers from AIM to Main Market - Imperial Energy and Aricom in 2007

  • 10 GDR issuers included in RIOB Index

*Note: Statistics include just the London piece of the IPO placing


The role of the london stock exchange ukla in the ipo process

IOB Trading Volumes 2002 – 2007

CIS Companies have been driving growth on IOB

There is a large base of market participants on IOB including a growing number of Russian member brokers (10)

Source: London Stock Exchange Statistics, January 2008


The admission process

The admission process


Ukla london stock exchange responsibilities

Securities become officially listed on the London Stock Exchange

UKLA / London Stock Exchange responsibilities

The UKLA is a division of the UK financial regulator, the Financial Services Authority, and is responsible for admitting securities

to the Main Market

The London Stock Exchange is responsible for admitting securities

to trading


Main market admission process

Main Market Admission Process

UKLA

Advisers submit draft

Listing Particulars

Document review

Approval

London Stock Exchange

Board resolution &

copy of prospectus

Publication on

New Issues List

Trading Services


Admission day

UKLA admits to Official List

Exchange admits to trading

Exchange issues single dealing notice to the market

Admission day


The role of the london stock exchange ukla in the ipo process

QUESTIONS


The role of the london stock exchange ukla in the ipo process

Appendix


Key statistics1

Key Statistics

1,572 companies, £3,843bn market value

1,693 companies, £91bn market value

A new addition to the London Stock Exchange offering, opened on 1 November 2007

31 GDR issuers, £6bn market value

105 debt issuers


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