Class 1
A major transaction for a listed company, the size of which results in a 25% threshold being reached under any one of the class tests set out in the Listing Rules. For class 1 transactions, the Listing Rules require an announcement to a Regulatory Information Service, an explanatory circular (known as a Class 1 circular) and shareholder approval of the transaction (Chapter 10, Listing Rules).
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Class 1 — may refer to: Class 1, in the electrical Appliance classes Class 1 Touring Cars was an FIA classification for cars in motor racing, as used in the Deutsche Tourenwagen Meisterschaft (DTM) from 1993 to 1995 Class I (U.S. Army), Subsistence,… …   Wikipedia

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  • Class 1 transaction — See Class 1. Related links class tests Listing Rules Regulatory Information Service (RIS) …   Law dictionary

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