Where the Applicant is an Investing Company, a condition of its Admission is that it raises a minimum of €5 million in cash via an equity fundraising on, or immediately before, Admission.
An Investing Company must state and follow an Investing Policy.
An Investing Company must seek the prior consent of its Shareholders in a general meeting for any material change to its Investing Policy.
Where an Investing Company has not substantially implemented its Investing Policy within eighteen months of Admission, it should seek the consent of its Shareholders for its Investing Policy at its next annual general meeting and on an annual basis thereafter, until such time that its Investing Policy has been substantially implemented.
Guidance:
The Investing Policy must be sufficiently precise and detailed so that it is clear, specific and definitive. The Investing Policy must be prominently stated in the Information Document and any subsequent circular relating to the Investing Policy, for example
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