IPO Advisor Bulletin - Autumn 2023

Please enjoy our autumn Advisor Bulletin. As always, thank you for all the invaluable feedback which is vital in ensuring future dispatches are of genuine interest to our community.

Cecilia Williams, Client Solutions Director

Delivering Complex Transactions

Since our last bulletin, Computershare has continued to win business and successfully structure and deliver complex corporate transactions for top UK Companies. Three recent examples:

ARM Holdings' IPO on NASDAQ through an ADR structure.
CRHmoving their primary share listing to the NYSE, whilst retaining their incorporation in Ireland and LSE listing.
AngloGold Ashantiredomiciling from South Africa to the UK, and delisting from the ASX – creating the structure to support their primary listing on the NYSE, replacing their previous ADR – and retaining secondary listings on the JSE and on the Ghana Stock Exchange.

We love working in our domestic market but it's great to also be the go-to partner for complex cross-border transactions, owing to our expertise and global teams who can partner with you on transactions.

Our Global Capital Markets team, led by Charlie Hodge, has over 20 years' experience in leading transactions in all major markets and is happy to help.

Computershare Office Locations

Digitisation Taskforce – Computershare's Response

Computershare supports the government's drive to abolish paper share certificates and, as a leading share registrar, we have been pushing for legislative changes in this area for many years.

We welcome the efforts undertaken by the Taskforce, and have highlighted a few areas for closer consideration to ensure the digitisation of share certificates benefits all parties. We have outlined these areas here:

Response to Taskforce

Ocado's Journey From Private To Public (Video)

Robert Cooper, CCO at Ocado Group Plc, speaks to Maddie Scrafton from Computershare on the learnings, benefits and realities of taking a company public.

Ocado has been listed since 2010 and their learnings are interesting for any company looking to list in the future.

Click on the image to watch the video.

AGM Season Review – Georgeson

Georgeson, a Computershare company, is pleased to present their 2023 European AGM Season Review, a comprehensive analysis of general meeting trends across nine major European markets.

The report found, amongst others, that:

An increasing spotlight is on environmental and social resolutions.
Proxy advisors maintained their strong influence on voting outcomes.
Resolutions relating to the remuneration of executives continue to be the most contested resolution type across Europe.

Click the link below to read the full report.

Read Report