Practical Law UK Glossary 5-107-7010 (Approx. 4 pages)
Glossary
Placing
This term has different meanings depending on its context:
In the context of share issues, an issue of shares to a specific group of individuals (usually institutions). Statutory pre-emption rights will normally have to be disapplied in order to effect a placing. Investor Protection Committees impose strict limits on the number of shares that can be issued in this way and the value at which they can be issued. For further information, see Practice notes, Placings and Placings and open offers. For summaries of placings announced by companies listed on the Main Market or admitted to trading on AIM, see Practice note, What's Market: placings.
In the context of insurance, effecting an insurance.