Westbury Holdings PLC ('Westbury') is looking to raise debt finance to assist with the expansion of its business. It intends to issue debt securities ('Notes') to raise the necessary finance. The board of Westbury wants to list the Notes and is considering which UK market to list them on. QUESTION 8 Which ONE OR MORE of the following statements is CORRECT?

I A listing on the Professional Securities Market will limit the pool of potential investors. II A listing on the Professional Securities Market will require an approved prospectus. III The disclosure requirements for a Main Market listing and a note denomination of 75,000 will be more onerous than a listing on the Professional Securities Market. IV The disclosure requirements for a Main Market listing and a note denomination of 120,000 will be similar to a listing on the Professional Securities Market.

Choose ONE of the following:

A I and III.

B I and IV.

C I, III and IV

. D II, III and IV.