Press Release: QCA argues structural reform necessary to ensure maximum effectiveness of secondary capital raisings
23 November 2021

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The Quoted Companies Alliance (QCA) has responded to the HM Treasury’s UK Secondary Capital Raising Review.

The response highlighted that there are several structural reforms that should be considered to increase the effectiveness of the fund-raising process, especially for small and mid-sized quoted companies.

The QCA stressed the need for the rights issue process to become more time and cost efficient and also highlighted several fundraising models used in Australia that could be adopted here in the UK. The need to improve the system of intermediated securities to ensure that companies have easy access to their shareholders (and vice versa) was also highlighted.

Tim Ward, Chief Executive, the Quoted Companies Alliance said:

"Facilitating a quicker and more cost-efficient process for raising further capital is essential, in particular for small and mid-caps, to ensure that our markets provide companies with the ability to raise capital when it’s needed."

To read more, please download the full response to HM Treasury’s UK Secondary Capital Raising Review.

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For further Information please contact:

Ruby Halabi
Communications Executive, The Quoted Companies Alliance
E: ruby.halabi@theqca.com
T: 020 7397 8140

About The QCA
The Quoted Companies Alliance is the independent membership organisation that champions the interests of small to mid-size quoted companies.

There are around 1,250 small and mid-size quoted companies in the UK, representing 93% of all quoted companies. They employ approximately 3 million people, representing 11% of private sector employment in the UK, and contribute over £26bn in annual taxes (source).

Our goal is to create an environment where that potential is fulfilled. We identify the issues that matter to our members, keep them informed and interact to build the understanding and connections that help our members stay ahead. For more information please visit www.theqca.com.