Reports

The Pre-Emption Group will report regularly on how the Statement of Principles is being applied. The first of these reports was published in July 2008.

The Report covers the period up to July 2007. The Group found that the Statement of Principles was being used as intended during that period, with an increase in the number of applications to disapply pre-emption rights by more than 5% of ordinary share capital and an improved dialogue between companies and investors.

Since the period covered by this report, changes in market conditions have resulted in an increased focus on rights issues; among other developments, in June 2008 HM Treasury and the Financial Services Authority announced a joint review of the processes associated with rights issues. The Pre-Emption Group and will reflect issues raised by the review and other recent developments in its next report.

Download 2008 Monitoring Report

Press releases

On 7 July 2008 the Pre-Emption Group issued a press release announcing publication of the first monitoring report and the updated Statement of Principles. Copies can be downloaded here.

On 15 May 2006 the Pre-Emption Group issued a press release to explain the purpose of and background to the new Statement of Principles. Copies can be downloaded here.

Any further press releases will also be made available for download here.