The London stock market’s premium listings segment must retain a “one-share, one-vote” structure to maintain shareholder protections, the UK’s most influential investor body is to warn amid a push to make Britain a more attractive destination for multinational tech companies.Sky News has learnt that the Investment Association (IA), whose members collectively manage £8.5trn in assets, will argue that the City watchdog should consider “rebranding” the London Stock Exchange’s ‘standard’ listing category to remove any reputational disincentive for companies to use it.
The IA will also demand that any reduction in the 25% free float requirement for listed companies to 20% moves …
