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.

Headlines explained


Detailed explanations of the headlines for regulatory announcements.

All FCA-approved announcement categories

Company appointments, directors and meetings

Headline Explanation
AGM Statement  Statement made at a company's AGM
Company Secretary Change Notification of the appointment/resignation of a company secretary
Director Declaration Notification of details of all directorships held by a director in any other publicly quoted company and any details required by paragraph 6.F.2(b) to (g) of the FSA Listing Rules
Director/PDMR Shareholding Notification of issuers, persons discharging managerial responsibilities and their connected persons in respect of transactions conducted in their own account in shares of the issuer.
Directorate Change Notification of any change to a company's board e.g. appointments/resignations/changes to important functions or executive responsibilities of a director
EGM Statement Statement made at a company's EGM
Notice of AGM Notification of a company's annual general meeting
Notice of EGM Notification of a company's extraordinary general meeting
Result of AGM Notification of the result of any voting at an AGM
Result of EGM Notification of the result of any voting at an EGM
Result of meeting Outcome of a meeting other than an AGM or EGM

Deals, transactions and operational updates

Headline

Explanation

Annual Information Update

Notification referring to or containing all information that has been published or made available to the public over the previous 12 months.

Acquisition

Notification of an acquisition of a company or assets

Change of Adviser

Notification of a change of a company's stockbroker/financial adviser etc

Change of Name

Notification of a company's change of name

Disposal

Statement regarding the disposal of a company or assets

Drilling Report

Report given by mineral, oil and natural gas companies

Interim Management Statement

Statements made during the first six-month period of the financial year and then during the second six month period of the financial year which must include an indication of the important events that have occurred during the period and their impact, together with a description of principal risks and uncertainties.

Letter of Intent Signed

Statement regarding a letter of intent signed between entities

Merger Update

Statement regarding decision whether a takeover/merger has been referred to the Competition Commission for Investigation/Secretary of State for Trade and Industry

Product Launch

Statement regarding the launch of a new product by a company

Re Agreement

Statement regarding an agreement between entities

Re Alliance

Statement regarding an alliance between entities

Re Contract

Statement regarding a contract entered into/awarded/signed

Re Joint Venture

Statement regarding a joint venture between entities

Regulatory Application

Application by a company to a regulatory body for a product or service (e.g. approval to market a pharmaceutical product)

Regulatory Approval

Approval from a regulatory body for a company's product or service (e.g. approval to market a pharmaceutical product)

Research Update

A statement giving an update on research (e.g. clinical trials)

Restructure Proposals

Operational restructuring of a company

Trading Statement

Statement regarding a company's trading performance (e.g. profit warning)

Offers

Headline Explanation
Compulsory Acqn of Shares Statement regarding the compulsory acquisition of shares
Offer by [add offeror's name] Statement giving details of an offer announced by the offeree
Offer Document Posted Statement that offer document has been posted to holders of a company's listed securities
Offer for [add offeree's name] Statement giving details of an offer announced by the offeror
Offer Lapsed Statement declaring that the required acceptances for an offer to be successful have not been obtained and that the offer has lapsed
Offer Rejection Statement that an offer has been rejected
Offer Talks Terminated Statement that a company's offer discussions have been terminated without an offer being made
Offer Update Statement giving an update on an offer e.g. offer acceptances/offer extension/offer becoming wholly unconditional
Statement re Possible Offer Statement that a company is in discussions which may or may not lead to an offer being made

Financial statements, dividends and corporate actions

Headline Explanation
1st Quarter Results First quarter financial results
3rd Quarter Results Third quarter and nine months financial results
Dividend Declaration Declaration of a dividend (issued by a company itself as opposed to Regulatory Benefits Department of the London Stock Exchange - see below)
Final Results Full year/4th quarter financial results
Half Yearly Report (was Interim Results) Half year/2nd quarter financial results
New Accounting Ref Date Notification of a change in a company's accounting reference date
Notice of Results Notification of the date financial results will be published
Scheme of arrangement Statement giving details of a scheme of arrangement
Syndicate Results Statement of results submitted by Lloyd's insurance syndicates

Other statements and announcements

Headline Explanation
Formal Notice Notification of the issue of a debt instrument programme and publication of relevant listing particulars
Further re (insert appropriate text) Announcement made following an initial, related announcement
Miscellaneous Miscellaneous urgent, high, medium or low priority announcements
Official List Notice Indicates that a security has been admitted/cancelled from the Official List
Prior Notice of Merger Statement regarding proposed mergers
Response to (insert appropriate text) Statement submitted in response to a previous statement made another entity
Restoration of Listing Indicates that a security has been restored to the Official List
Statement re (insert appropriate text) Statement regarding a particular issue (e.g. POTAM statement, Competition Commission statement etc).
Statement re Comp Comm Statement by the Competition Commission
Statement re. Press Comment Statement regarding press comment
Statement re. Share Price Movement Statement regarding a movement the price of a company's listed securities
Statement re. Suspension Statement regarding the suspension of listing/trading of a company's listed securities
Temporary Suspension Indicates that a security has been temporarily suspended from the Official List

Shareholder and POTAM disclosures

Headline

Explanation

Disclosure of Short Position

Used by investors who have a short position in excess of 0.25% in a company who are undertaking a Rights Issue

Disclosure Table

POTAM list of companies currently in offer period

Form 8 (DD) - [insert name of offeree or offeror]

Dealing disclosure by a party to an offer or person acting in concert (including for the account of discretionary investment clients)

Form 8 (OPD) - [insert name of offeree or offeror]

Opening position disclosure by a party to an offer

Form 8.3 - [insert name of offeree or offeror]

Opening position disclosure/dealing disclosure by a person with interests in relevant securities representing 1% or more

Form 8.5 (EPT/NON-RI)

Opening position disclosure/dealing disclosure by an exempt principal trader without recognised intermediary ("RI") status or where RI status is not applicable

Form 8.5 - [EPT/RI]

Dealing disclosure by an exempt principal trader with recognised intermediary ("RI") status dealing in a client-serving capacity

Holding(s) in Company

Notification of major interest in shares (see Schedule 10 of the FSA Listing Rules)

Rule 2.10 Announcement

POTAM requirement that when an offer begins the offeree and offeror company detail all classes of relevant securities in issue.

Short Selling Disclosure

Daily disclosure of all net short positions in excess of 0.25 per cent of the ordinary share capital of UK publicly quoted financial companies

Statement re (POTAM)

Statement regarding a particular POTAM issue

Equity, debt and investment trusts

Headline Explanation
Additional Listing Notification of any addition to a company's existing share capital
Announcement re: Rights Issue To be used by issuers when announcing their intention to employ a Rights Issue. Will generally be announced at the time of the circular being posted to shareholders
Base Rate Change Statement regarding a change in the interest rate offered/charged by a financial institution
Blocklisting Interim Review Six monthly notification by a company issuing securities on a regular basis (see Schedule 5 of the FSA Listing Rules)
Capital Reorganisation Notification of the restructuring of a company's existing share capital
Change of Registered Office Notification of a change of address of an AIM company's registered office.
Compliance with Model Code Statement by a closed-ended investment fund under LR15.5.1 confirming that it is satisfied all inside information has been previously notified
Conversion of Securities Notification of the details of a conversion of securities (e.g. warrants/convertible loan stock)
FRN Variable Rate Fix Update of interest rate for a floating rate note
Geographical Distribution Notification by an investment company/trust companies of the geographical distribution of its assets
Issue of Debt Notification of an issue of debentures, debenture or loan stock, bonds and notes, whether secured or unsecured
Issue of Equity Notification of an issue of equity shares e.g. offer for subscription/offer for sale/rights issue.
Net Asset Value(s) Notification by an investment company/trust of its Net Asset Value
Portfolio Update Notification by an Investment Company of their holdings in other listed investment companies whose investment policies prohibit them from investing more than 15% of their assets in other investment companies. This will include a quarterly detail of their top 10 investments plus other investments greater than 5% of their portfolio.
Result of Equity Issue Notification of the result of an issue of equity shares e.g offer for subscription/offer for sale/rights issue
Result of Tender Offer Notification of the result of a tender offer
Tender Offer Notification of a tender offer
Total Assets Value Notification by an investment company/trust of its Total Asset Value
Total voting rights Notification of a change in the total number of voting rights
Transaction in Own Shares Notification of a transaction involving own shares, including a purchase, sale, redemption, cancellation, transfer or allotment
Treasury Stock Notification of the rate of interest payable on treasury stocks

Market, RNS and related announcements

Headline Explanation
AIM Admission Update Update to prospective AIM admission announcement with details of any amendments
AIM Notice (number inserted) Notice relating to the admission of securities, or the cancellation, suspension or restoration of companies trading on AIM
AIM Prospective Admission Details of prospective AIM companies
Disclosure of Pent up Demand To disclose potential demand for a company's security
Final Announcement Released The message that indicates the end of an announcement day
London Stock Exchange Notice Issue of London Stock Exchange notice
Market Maker Holding Notification giving details of holdings notified to the London Stock Exchange by Market Makers
Price Monitoring Extension Notification to the market of an order entry period designed to reduce the likelihood of unrepresentative closing prices being generated.
Second Price Monitoring Extn Notification to the market of an additional order entry period designed to reduce the likelihood of unrepresentative closing prices being generated.
Stabilisation Notice Notification of a member firm's intention to stabilise the price of a security over a defined period
Test Message Message submitted to test announcement system but not published

Documents and circulars

Headline Explanation
Annual Financial Report (was Annual Report & Accounts) The unedited full text announcement of audited financial statements, management report and risk statement as required under DTR 6.3.5(2)(b) OR notification that a company's annual report & accounts have been published and are available for public inspection
Circ re. [insert appropriate document title] Notification that a circular issued to holders of listed securities is available for public inspection
Doc re. [insert appropriate document title] Notification that a document issued to holders of listed securities is available for public inspection

Prospectus directive filings

Headline Explanation
Publication of Prospectus 
Announces the publication of prospectus under PR 3.2.4.  The prospectus can be made available via a pdf download hosted by RNS 





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