The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

High Growth Segment


The High Growth Segment

The High Growth Segment (HGS) is a new segment of the Main Market, designed to assist mid-sized European and UK companies that require access to capital and a public platform to continue their growth.

What type of company can access HGS?

HGS is for the equity shares of UK and European trading businesses that can demonstrate significant growth in revenues and a longer term aspiration to join the Premium segment of the Main Market.

Specific eligibility criteria include:

  • incorporation in an EEA state
  • equity shares only
  • revenue generating business with historic revenue growth of 20% (CAGR) over a 3 year period
  • minimum free float of 10%  with a value of at least £30 million (majority of the £30 million must be raised at admission)
  • a Key Adviser (who must be a UKLA approved Sponsor) to be retained at admission and for specific matters including notifiable transactions

What is the regulatory status of HGS?

HGS has EU Regulated Market status, but sits outside the UK's Listing Regime. HGS companies would therefore be subject to London Stock Exchange's HGS Rulebook and existing Admission and Disclosure Standards. In addition, as a Regulated Market under the EU FSAP the relevant directives (including the Prospectus directive, Transparency directive and the Market Abuse directive) apply.

More information

HGS FAQs

HGS flyer

Comparison of different routes to market for commercial companies

Rules & documents

High Growth Segment Rulebook - March 2013

HGS Eligibility letter

HGS Key Adviser application form
Please email us to request an editable version of the Key Adviser application form

HGS Key Adviser declaration

HGS Issuer declaration

Contact us
  • UK companies +44 (0)20 7797 3429
  • International companies +44 (0)20 77974208

For advisers

Issuers will be required to have a Key Adviser at admission, who is already an approved Sponsor under the UK Listing Rules.

On an on-going basis, there is no requirement to maintain a Key Adviser at all times, but advice must be sought in specific instances such as notifiable transactions.

Firms that want to act as a Key Adviser on HGS would need to be approved by the Exchange to act in such a capacity. The application process for the Key Adviser is detailed in the HGS Rulebook.


Fees

Main Market fees apply for HGS Issuers, click here for more information.
There are no fees for Key Advisers.


The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds