Class 3
A transaction for a listed company, the size of which results in a percentage ratio of less than 5% under the class tests set out in the Listing Rules. A Class 3 transaction does not require announcement to a Regulatory Information Service unless the company releases any details to the public or, in the case of an acquisition, the consideration includes the issue of shares which will be listed. The Listing Rules set out the requirements for any announcement if it is required (one of paragraphs 10.3.1R(2) or 10.3.2R(2)). Less information is required than for a Class 1 or Class 2 announcement.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Class 3 — may refer to: Classes of U.S. Senators NSB El 3, an electric locomotive of Norway NSB Di 3, a diesel locomotive of Norway Class 3, in the electrical Appliance classes Class III (U.S. Army), Petroleum Oils Lubricants (POL), petroleum and solid… …   Wikipedia

  • BR standard class 3 tank — Infobox Locomotive powertype=Steam name = BR standard class 3 2 6 2T caption = designer = R. A. Riddles builder = British Railways builddate = 1952 totalproduction = 45 whytetype = 2 6 2T gauge = 4 8½ leadingsize = driversize = 5 3 length =… …   Wikipedia

  • BR standard class 3 2-6-0 — Infobox Locomotive powertype=Steam name = BR standard class 3 2 6 0 caption = designer = Robert Riddles builder = British Railways builddate = 1954 totalproduction = 20 whytetype = 2 6 0 gauge = 4 8½ leadingsize = driversize = 5 3 length = weight …   Wikipedia

  • HAZMAT Class 3 Flammable Liquids — A flammable liquid is a liquid with flash point of not more than 60.5°C (141°F), or any material in a liquid phase with a flash point at or above 37.8°C (100°F).DivisionsClass 3: Flammable LiquidsA flammable liquid is a liquid having a flash… …   Wikipedia

  • BR standard class 3 — may refer to:* BR standard class 3 2 6 0 * BR standard class 3 2 6 2T …   Wikipedia

  • class action — n: an action in which a representative plaintiff sues or a representative defendant is sued on behalf of a class of plaintiffs or defendants who have the same interests in the litigation as their representative and whose rights or liabilities can …   Law dictionary

  • class tests — Also known as the percentage ratio tests. In accordance with the Listing Rules, a number of tests to be performed when a listed company enters into a transaction outside its ordinary course of business. The class tests are used to compare the… …   Law dictionary

  • 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… …   Law dictionary

  • Class 2 — A transaction for a listed company, the size of which results in a percentage ratio of 5% or more, but less than 25% under any one of the class tests set out in the Listing Rules. For a class 2 transaction, the Listing Rules require notification… …   Law dictionary

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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”