The Quoted Companies Alliance (QCA) has responded to the HM Treasury’s UK Secondary Capital Raising Review.
The response highlighted that there are several structural reforms that should be considered to increase the effectiveness of the fund-raising process, especially for small and mid-sized quoted companies.
The QCA stressed the need for the rights issue process to become more time and cost efficient and also highlighted several fundraising models used in Australia that could be adopted here in the UK. The need to improve the system of intermediated securities to ensure that companies have easy access to their shareholders (and vice versa) was also highlighted.
Tim Ward, Chief Executive, the Quoted Companies Alliance said:
"Facilitating a quicker and more cost-efficient process for raising further capital is essential, in particular for small and mid-caps, to ensure that our markets provide companies with the ability to raise capital when it’s needed."
To read more, please download the full response to HM Treasury’s UK Secondary Capital Raising Review.
