Financial assistance


A listed issuer grants a corporate guarantee to a third party for services rendered by the third party to the listed issuer’s non-wholly owned subsidiary. Is the corporate guarantee subject to disclosure requirements under Practice Note 11?

No, a corporate guarantee granted to a subsidiary by a listed issuer would not be subject to Practice Note 11 as it is provided pursuant to paragraph 8.23(1)(iii) of the Main LR and not paragraph 8.23(1)(ii). In the circumstances, the quarterly disclosure under paragraph 3.1 of Practice Note 11 is not applicable.