Insignificant subsidiary

Resource type: Glossary Item

Status: Maintained

Jurisdiction: United Kingdom

For the purposes of related party (www.practicallaw.com/7-107-7132) transactions under the Listing Rules (www.practicallaw.com/7-107-6774), an undertaking that represents less than 10% of the profits and assets of the listed company in each of the previous three years.

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Resource ID: 5-200-9299
Products: IP&IT, PLC Glossary, PLC Magazine (UK), PLC UK Commercial, PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Employment, PLC UK Environment, PLC UK Law Department, PLC UK Pensions, PLC UK Property, PLC UK Share Schemes & Incentives
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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Practice Notes

Listed and public company issues: acquisitions Listed and public company issues: acquisitions (http://us.practicallaw.com/topic1-200-7730)
Listing Rules: LR 11: Related party transactions Listing Rules: LR 11: Related party transactions (http://us.practicallaw.com/topic2-521-0049)

Glossary

Listing Rules Listing Rules (http://us.practicallaw.com/topic7-107-6774)
Related party Related party (http://us.practicallaw.com/topic7-107-7132)
Related party transaction Related party transaction (http://us.practicallaw.com/topic5-107-7133)

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