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Cash box placing
Practical Law UK Glossary 1-107-5857 (Approx. 3 pages)
Glossary
Cash box placing
A method of raising cash from the issue of equity securities which is characterised for Companies Act 2006 purposes as an issue for non-cash consideration.
A cash box structure allows an issuer to issue new shares under the exception from the pre-emption requirements of section 561 of Companies Act 2006 provided by section 565 of the Act.
For details of the cash box structure, see Practice note, Secondary issues and acquisitions: cash box and vendor placings: The cash box structure.
For summaries of cash box placings announced by companies listed on the Main Market or admitted to trading on AIM, see What's Market: Secondary issues: cash box placings.