navigator: share disclosure

The navigator: share disclosure service is made up of 3 regions (1. Europe; 2. Middle East Far East & Australasia; and 3. Americas) with a 4th region, Africa, coming soon. Users subscribe to whichever of those 3 regions which are relevant to them. A list of all the jurisdictions covered by the service is available here.

A subscription allows you to have as many users within a corporate group as is required.

Content

For each jurisdiction within the share disclosure service, you will find a page which looks like this:

For each jurisdiction you are provided with a questionnaire, counsel's contact details and a flag as to what was changed last in the documents.

As you will see from the sample questionnaire, the materials give information on any long disclosure requirements in a jurisdiction, as well as any extra requirements if the issuer is subject to a takeover bid. It also gives information on any short trading prohibition or short disclosure requirement which is in place. In the Americas and Middle East/Far East regions, we have expanded out the foreign investor/industry specific information into a separate annex (an example of which can be found at the end of the questionnaire).

Updating

The share disclosure service is updated every 3 months at a minimum, much more frequently in reality. We have a set updating process which runs every 3 months through which local counsel review their documents and notify us of any changes which are required. Emails are sent out to subscribers to notify them of any changes made as part of the set updating process. We also update the materials when significant changes take place outside of the quarterly updating process - e.g. changes in short selling regimes. When such a change takes place, we email subscribers to alert them to the fact that something has happened and then work with local counsel to get the documents amended.

Would you like a demo?

Contact Katie Carter to arrange to have a demonstration or for more information.

This document is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.