An outline of the contents of a prospectus for a secondary issue, containing background and reasons for the secondary issue and details of its terms and conditions.

This note applies to prospectuses that were approved before 21 July 2019 under the Prospectus Directive regime. For information preparing a prospectus under the Prospectus Regulation regime that took effect on 21 July 2019, see Practice note, New Prospectus Regulation (corporate aspects).