Pre-Emption Group

About Us

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The Pre-Emption Group was set up in 2005 to produce a Statement of Principles to be taken into account when considering the case for disapplying pre-emption rights. Its members represent listed companies, investors and intermediaries.

The role of the Pre-Emption Group is to:

  • Monitor the development of practice in relation to the disapplication of pre-emption rights and report regularly on the application of the Statement of Principles.
  • If necessary, agree to any revisions of the Statement of Principles after consultation with interested parties, and promote awareness of the revised principles.
  • Examine whether the processes relevant to pre-emptive issues could operate more efficiently for the benefit of companies and shareholders, and where appropriate make recommendations to the appropriate authorities.

The Pre-Emption Group will not express a view on, or otherwise intervene in, individual cases.

The current membership of the Group is:

Scott Dobbie

Chairman, Securities & Investment Institute and Chairman of the Pre-Emption Group

John Aston

Chief Financial Officer, Astex Therapeutics Ltd [affiliated to the BioIndustry Association]

Peter Blythe

Director of Corporate Finance, Experian Group Ltd [affiliated to the Hundred Group]

Lindsay Tomlinson

Vice Chairman, Barclays Global Investment [affiliated to the National Association of Pension Funds]

Simon Fraser

President, Investment Solutions Group, FIL Investments International [affiliated to the Investment Management Association]

Stuart Siddall

Finance Director, AMEC plc, June 2000 – May 2008 [affiliated to the Association of Corporate Treasurers]

Bob Holt

Chairman, Mears Group plc [affiliated to the Quoted Companies Alliance]

Chris Hodge

Corporate Governance Unit, Financial Reporting Council and Secretary to the Pre-Emption Group

Robert Talbut

Chief Investment Officer, Royal London Asset Management [affiliated to the Association of British Insurers]

Charles Wilkinson

Head of Corporate Broking, Deutsche Bank [affiliated to the London Investment Banking Association]