Transactions

Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss: FRC Annual Review of Corporate Reporting 2023/24 The Financial Reporting Council has published its latest review of corporate reporting. The quality of reporting has been maintained across FTSE 350 companies but there is some evidence of a widening gap in reporting quality between companies in the FTSE 350 and other companies.  Boardroom Bellwether 2024 Annual Survey The Boardroom Bellwether annual survey has found that British boards are sceptical about stock exchange recovery and UK competitiveness remains a concern. Updated guidance on payment practices and performance The Department of Business and Trade has published updated guidance for companies required to report their payment practices and performance. FCA annual report The FCA annual report contains highlights from 2023/24 and progress towards achieving its three year strategy. Takeover Panel annual report  The Takeover Panel published its annual report for the year ending 31 March 2024 which offers a comprehensive analysis of M&A activity and regulatory actions. LSE Dividend Procedure Timetable The dividend procedure timetable for 2025 has been published.

BCLP has advised client Playtech plc (Playtech), in connection with the proposed sale of Snaitech S.p.A. (Snaitech) to Flutter Entertainment Holdings Ireland Limited, a subsidiary of Flutter Entertainment plc (Flutter), for a total enterprise value of EUR€2,300 million in cash.