Question
Ed plc is in the process of flotation on the Stock Exchange with a new issue of shares via an offer for sale. Eckersley plc
Ed plc is in the process of flotation on the Stock Exchange with a new issue of shares via an offer for sale. Eckersley plc has engaged three advisers for the flotation in addition to the company's solicitor and accountant
• Pratt and Partners are recording ownership of the shares when issued
• Steele &Co is advising on market condition on likely demand for the shares
• Charmer plc is pricing and underwriting the issue
What roles are being played in the flotation by the three advisers?
A. Pratt and Partners: corporate broker ; Steele & Co: sponsor ; Charmer plc: registrar
B. Pratt and Partners: sponsor Steete & Co: registrar Charmer plc: corporate broker
C. Pratt and Partners: registrar Steele & Co.: sponsor; Charmer plc: corporate broker
D. Pratt and Partners: registrar Steele & Co: corporate broker Charmer plc: Sponsor
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Answer C Pratt and Partners regist rar Steele Co corporate broker Char mer pl c Sponsor Explanation The three advisors are participating in the flotat...Get Instant Access to Expert-Tailored Solutions
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