Division Table 4 Deferred publication thresholds and delays
United Kingdom
The table below shows, for each permitted delay for publication and each class of shares in terms of average daily turnover (ADT), the minimum qualifying size of transaction that will qualify for that delay in respect of a share of that type.
| Class of shares in terms of average daily turnover (ADT) | |||||
|---|---|---|---|---|---|
| ADT < EUR 100 000 | EUR 100 000 ≤ ADT < EUR 1 000 000 | EUR 1 000 000 ≤ ADT < EUR 50 000 000 | ADT ≥ EUR 50 000 000 | ||
| Minimum qualifying size of transaction for permitted delay | |||||
| Permitted delay for publication | 60 minutes | EUR 10 000 | Greater of 5 % of ADT and EUR 25 000 | Lower of 10 % of ADT and EUR 3 500 000 | Lower of 10 % of ADT and EUR 7 500 000 |
| 180 minutes | EUR 25 000 | Greater of 15 % of ADT and EUR 75 000 | Lower of 15 % of ADT and EUR 5 000 000 | Lower of 20 % of ADT and EUR 15 000 000 | |
| Until end of trading day (or roll-over to noon of next trading day if trade undertaken in final two hours of trading day) | EUR 45 000 | Greater of 25 % of ADT and EUR 100 000 | Lower of 25 % of ADT and EUR 10 000 000 | Lower of 30 % of ADT and EUR 30 000 000 | |
| Until end of trading day next after trade | EUR 60 000 | Greater of 50 % of ADT and EUR 100 000 | Greater of 50 % of ADT and EUR 1 000 000 | 100 % of ADT | |
| Until end of second trading day next after trade | EUR 80 000 | 100 % of ADT | 100 % of ADT | 250 % of ADT | |
| Until end of third trading day next after trade | 250 % of ADT | 250 % of ADT | |||