All Templates
Comfort letter for sponsor
🔖 Listing rule comfort letter
Comfort Letter For Listing Rules 8.3 And 8.4 (Issuer to Sponsor)
Comfort Letter For Listing Rules 8.3 And 8.4 (Issuer to Sponsor)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🔖 Listing rule comfort letterBusiness activity
Comfort letter for sponsorA listing rule comfort letter is a letter that is provided by a company to the stock exchange on which it is listed, in order to assure the exchange that the company is in compliance with all listing rules. The letter is usually written by the company's lawyers and states that the company has reviewed all of its practices and procedures and is in compliance with all listing rules.
This legal template relates to a comfort letter written in accordance with the UK Listing Rules 8.3 and 8.4, specifically intended to be issued by an issuer to a sponsor.
The UK Listing Rules serve as regulatory guidelines for companies listed on the UK stock market. Rules 8.3 and 8.4 pertain to specific requirements that need to be fulfilled during certain transactions involving the shares of the listed company. The comfort letter, in this case, serves as a legal assurance document provided by the issuer to the sponsor (often an investment bank or financial institution assisting in the transaction), confirming compliance with these rules during the process.
The comfort letter assures the sponsor that the issuer is adhering to the requirements outlined in the relevant Listing Rules sections. It may include various representations and warranties, disclosures, and confirmations from the issuer, ensuring that all relevant information is made available to the sponsor and that no material omissions or misrepresentations are present.
Typically, this template outlines the specific content and format of the comfort letter, as well as the necessary legal language and provisions required under UK law. It may also provide guidance on the procedures to be followed by the issuer during the drafting and issuance of the letter.
It is important to note that this is a general description of the legal template, and its specific content and purpose may vary depending on the circumstances of the transaction and the particular requirements of the Listing Rules.
The UK Listing Rules serve as regulatory guidelines for companies listed on the UK stock market. Rules 8.3 and 8.4 pertain to specific requirements that need to be fulfilled during certain transactions involving the shares of the listed company. The comfort letter, in this case, serves as a legal assurance document provided by the issuer to the sponsor (often an investment bank or financial institution assisting in the transaction), confirming compliance with these rules during the process.
The comfort letter assures the sponsor that the issuer is adhering to the requirements outlined in the relevant Listing Rules sections. It may include various representations and warranties, disclosures, and confirmations from the issuer, ensuring that all relevant information is made available to the sponsor and that no material omissions or misrepresentations are present.
Typically, this template outlines the specific content and format of the comfort letter, as well as the necessary legal language and provisions required under UK law. It may also provide guidance on the procedures to be followed by the issuer during the drafting and issuance of the letter.
It is important to note that this is a general description of the legal template, and its specific content and purpose may vary depending on the circumstances of the transaction and the particular requirements of the Listing Rules.
How it works
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Section 643 Standard Statement Of Solvency (Reducing Capital)
The legal template for Section 643 Standard Statement of Solvency under UK law pertains to the reduction of capital by a company. In the United Kingdom, companies have the option to lower their share capital by satisfying certain statutory requirements outlined in Section 643 of the Companies Act. This legal template provides a standardized format to facilitate the process of reducing capital, ensuring compliance with the applicable legal provisions.
The template assists companies in preparing a statement of solvency, which is a crucial document confirming that the company's assets exceed its liabilities after the proposed reduction of share capital. The statement of solvency must be signed by the company's directors and include relevant financial information, supporting the company's ability to meet its existing and future obligations post-reduction.
By using this legal template, companies can effectively navigate the legal procedures involved in reducing capital, safeguarding the interests of stakeholders and ensuring compliance with the Companies Act. It provides structure and assists in organizing the necessary information, ensuring that all required details are accurately captured within the statement of solvency.
The template assists companies in preparing a statement of solvency, which is a crucial document confirming that the company's assets exceed its liabilities after the proposed reduction of share capital. The statement of solvency must be signed by the company's directors and include relevant financial information, supporting the company's ability to meet its existing and future obligations post-reduction.
By using this legal template, companies can effectively navigate the legal procedures involved in reducing capital, safeguarding the interests of stakeholders and ensuring compliance with the Companies Act. It provides structure and assists in organizing the necessary information, ensuring that all required details are accurately captured within the statement of solvency.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
7
RATINGS
5
DISCUSSIONS
2
Section 644 Standard Statement Of Compliance (Reducing Capital)
Section 644 Standard Statement of Compliance (Reducing Capital) is a legal template that pertains to the laws and regulations in the United Kingdom governing the reduction of capital by a company.
In the UK, a company may decide to reduce its share capital for a variety of reasons, such as to distribute excess funds to shareholders, simplify the capital structure, or rectify financial issues. Section 644 of the Companies Act 2006 sets out the specific requirements and procedures that need to be followed for a lawful reduction of capital.
This legal template outlines the standard statement of compliance that must be included in the documentation and filed with the relevant authorities during a capital reduction process in accordance with Section 644. It provides a model language to ensure that all necessary information is accurately included in the statement to demonstrate compliance with the statutory provisions.
The template typically includes sections addressing the intention and reasons for reducing capital, confirmation of compliance with relevant legal requirements, details of the proposed reduction and its impact on the company's share capital, and any additional resolutions or approvals required by the shareholders or the board of directors.
By utilizing this legal template, companies can ensure that they adhere to the prescribed standards and procedures prescribed by UK law when reducing their share capital, thereby maintaining legal compliance and transparency. It serves as a practical resource for legal professionals, company secretaries, or anyone involved in the capital reduction process, providing a comprehensive guide for documenting and executing this important corporate action in accordance with the applicable regulatory framework.
In the UK, a company may decide to reduce its share capital for a variety of reasons, such as to distribute excess funds to shareholders, simplify the capital structure, or rectify financial issues. Section 644 of the Companies Act 2006 sets out the specific requirements and procedures that need to be followed for a lawful reduction of capital.
This legal template outlines the standard statement of compliance that must be included in the documentation and filed with the relevant authorities during a capital reduction process in accordance with Section 644. It provides a model language to ensure that all necessary information is accurately included in the statement to demonstrate compliance with the statutory provisions.
The template typically includes sections addressing the intention and reasons for reducing capital, confirmation of compliance with relevant legal requirements, details of the proposed reduction and its impact on the company's share capital, and any additional resolutions or approvals required by the shareholders or the board of directors.
By utilizing this legal template, companies can ensure that they adhere to the prescribed standards and procedures prescribed by UK law when reducing their share capital, thereby maintaining legal compliance and transparency. It serves as a practical resource for legal professionals, company secretaries, or anyone involved in the capital reduction process, providing a comprehensive guide for documenting and executing this important corporate action in accordance with the applicable regulatory framework.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
6
RATINGS
5
DISCUSSIONS
3
Board Meeting Minutes Section 641 Procedure To Reduce Capital (Solvency Statement)
This legal template is designed to guide individuals or companies operating under UK law through the process of reducing capital during a board meeting. Specifically, it focuses on Section 641 Procedure To Reduce Capital, which outlines the legal requirements and steps involved in reducing the capital of a company.
The template includes provisions for the solvency statement that must be prepared by the directors, confirming that the company will be able to service its debts even after the reduction in capital. It will cover the necessary procedures to be followed during the board meeting, such as the appointment of a chairman, declaration of quorum, and recording of accurate minutes.
Additionally, the template might include provisions regarding the required majority voting threshold to approve the reduction in capital, as well as guidelines on the proper documentation and filing with relevant authorities. It could also provide instructions on how to handle any potential objections or reservations raised during the meeting.
Overall, this legal template aims to assist in ensuring compliance with UK law when reducing the capital of a company, providing a useful starting point for those responsible for organizing and conducting board meetings for this purpose.
The template includes provisions for the solvency statement that must be prepared by the directors, confirming that the company will be able to service its debts even after the reduction in capital. It will cover the necessary procedures to be followed during the board meeting, such as the appointment of a chairman, declaration of quorum, and recording of accurate minutes.
Additionally, the template might include provisions regarding the required majority voting threshold to approve the reduction in capital, as well as guidelines on the proper documentation and filing with relevant authorities. It could also provide instructions on how to handle any potential objections or reservations raised during the meeting.
Overall, this legal template aims to assist in ensuring compliance with UK law when reducing the capital of a company, providing a useful starting point for those responsible for organizing and conducting board meetings for this purpose.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
8
RATINGS
3
DISCUSSIONS
0
