SCHRODERS PLC Schroders is in full support of Lord Hill's review, which aims to ensure that the London Stock Exchange remains an attractive place to grow and list innovative companies.
04/03/2021
Schroders is in full support of Lord Hill's review, which aims to ensure that the London Stock Exchange remains an attractive place to grow and list innovative companies.
04/03/2021
Schroders is in full support of Lord Hill's review, which aims to ensure that the London Stock Exchange remains an attractive place to grow and list innovative companies.
On 3 March, the findings of Lord Hill's Treasury-commissioned 'UK Listing Review' were published, setting out how London can enhance the UK's position as an international destination for equity listings.
The former EU Commissioner, Lord Hill noted that, between 2015 and 2020, London accounted for only 5% of IPOs globally, whilst the number of listed companies in the UK has fallen by 40%.
Hill's review found that the UK needs to attract more innovative companies such as tech and life sciences to its listings.
As part of 15 major recommendations, the report recommends the introduction of dual class shares in London's premium listing segment reducing free float requirements and a rebrand and re-positioning of the standard listing segment.
Peter Harrison, Group CEO, Schroders commented:
'Schroders is in full support of Lord Hill's review. It is crucial that we do all we can to make the UK the most attractive place for companies to list and to do business for the benefit of investors.
'There is a balance to be struck between ensuring the highest standard of governance and supporting the growth of companies and the UK economy. Lord Hill's review achieves that balance. We are pleased that government and regulators are now taking this forward.
'Over the past 20 years not only have we witnessed a 50% decline in listed public companies in the developing world but we have seen technology and growth companies become underrepresented in the FTSE. This announcement should encourage more innovative and pioneering businesses to list in the UK.'
- Schroders plc Full-year Results 2020
- UK Budget 2021: Rishi's route to recovery
- Schroders reinforces its commitment to achieving net-zero with science-based targets
- Schroders and the Social Business Trust announce new partnership to scale-up valuable social enterprises
- Podcast: The four 'M's: why the 21st century belongs to Asia
- London regains top spot in Schroders Global Cities Index after climate change response boosts ranking
Attachments
- Original document
- Permalink
Disclaimer
Schroders plc published this content on 04 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2021 08:18:06 UTC.
