Announcement Memorandum Template for England and Wales

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Key Requirements PROMPT example:

Announcement Memorandum

"I need an Announcement Memorandum to communicate our company's acquisition of TechCorp Ltd for £50 million, which will complete on 15 March 2025, ensuring compliance with UK market abuse regulations and including all necessary financial disclosures."

Document background
The Announcement Memorandum serves as a critical communication tool in the UK market, governed by English and Welsh law. It is used when companies need to make formal disclosures about material events, financial results, corporate actions, or significant changes in their business. The document must adhere to strict regulatory requirements, including those set by the Financial Conduct Authority and UK Market Abuse Regulation. An Announcement Memorandum typically contains detailed information about the announcement, its implications, and any required regulatory disclosures, ensuring that all market participants have equal access to price-sensitive information.
Suggested Sections

1. Header Information: Document title, date, company details, and regulatory identifiers

2. Announcement Classification: Nature and category of announcement (e.g., price-sensitive, regulatory)

3. Summary: Brief overview of the key information being announced

4. Main Announcement Text: Detailed content of the announcement

5. Contact Information: Details for further inquiries and media contacts

Optional Sections

1. Financial Information: Detailed financial data section to be included when announcing results or transactions

2. Risk Factors: Section outlining specific risks related to the announcement, included for major corporate changes or transactions

3. Regulatory Disclosures: Additional regulatory statements required for specific types of announcements based on regulations or listing rules

Suggested Schedules

1. Financial Tables: Detailed financial information in tabular format

2. Supporting Documents: Referenced documents or additional information

3. Definitions: Glossary of technical terms or abbreviations used

4. Required Regulatory Statements: Standard regulatory disclaimers and required statements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Industries

Financial Services and Markets Act 2000: Primary legislation governing financial services regulation in the UK, establishing regulatory framework and requirements for financial activities

Financial Services Act 2012: Legislative act that amended FSMA 2000, establishing the FCA and PRA as key regulatory bodies

Companies Act 2006: Principal legislation governing company operations, directors' duties, and corporate documentation in the UK

UK Market Abuse Regulation: Regulatory framework preventing market abuse and insider dealing, ensuring market integrity

UK Prospectus Regulation: Rules governing the preparation, approval, and distribution of prospectuses for public offerings

FCA Disclosure Guidance and Transparency Rules: Regulatory requirements for disclosure of information by listed companies and transparency in markets

London Stock Exchange Listing Rules: Requirements for companies listing and maintaining listings on the London Stock Exchange

UK General Data Protection Regulation: Data protection and privacy legislation governing the handling of personal data in the UK

Data Protection Act 2018: UK's implementation of data protection standards, complementing UK GDPR

City Code on Takeovers and Mergers: Rules governing takeovers and mergers of public companies in the UK

Companies (Takeover Offers) Regulations 2009: Specific regulations detailing procedures and requirements for company takeover offers

UK Corporate Governance Code: Set of principles and guidelines for effective corporate governance practices

FCA Handbook: Comprehensive resource containing all FCA regulatory requirements and guidance

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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