Key points • NDRs are conducted by public companies to inform or update the investor community of their business credentials or performance. They are normally conducted as part of the company’s ordinary investor relations activities, but can be used in advance of securities offerings to raise the profile of a company among the investor commu- nity. • With the United Kingdom now experiencing a strong and sustainable economic recovery, Austra- lian companies with the ability to access the offshore debt markets may look to issue bonds there. As a precursor, such companies may look to hold an NDR in the United Kingdom. • While NDRs can represent an effective way of conveying the strengths of a business to investors, when conducted ahead of a securities offering, care must be taken to avoid any violation of applicable securities laws. • To assist Australian companies contemplating hold- ing an NDR in the United Kingdom, this article examines the general and specific guidelines that should be followed to minimise the risk of any such violation.
- Banking and Finance Law
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