Changes to the EU Prospectus Directive

December 16, 2010

A new EU directive will introduce amendments to the Prospectus Directive, effective as of 31 December 2010. The amendments will be of interest to all companies operating employee share schemes or contemplating small fundraisings in EU countries, and will most likely benefit companies which are either unquoted or traded on AIM or on any other exchange which is not a regulated market. This update outlines the amendments and their implications.

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