2 Amendments of Enikő GYŐRI related to 2020/0155(COD)

Proposal for a regulation
Recital 7 a (new)

(7 a) Since the EU Recovery prospectus would provide significantly less information than a simplified prospectus under the simplified disclosure regime for secondary issuances, it should not be possible for issuers to use it for highly dilutive issuances of shares with a significant impact on the issuer’s capital structure, prospects and financial situation. The use of the EU Recovery prospectus should therefore be limited to offers comprising no more than 50% of outstanding capital, expressed as the ratio between the number of shares offered and the total number of shares before the issuance.

2020/11/03
Committee: ECON

Enikő GYŐRI, Isabel BENJUMEA BENJUMEA

Proposal for a regulation
Article 1 – paragraph 1 – point 4

Regulation (EU) 2017/1129
Article 14a – paragraph 1 – point b a (new)

(b a) Issuers may only draw up an EU Recovery prospectus provided that the number of shares intended to be offered represents, together with the number of shares already offered via an EU Recovery prospectus over a period of 12 months, less than 50% of the number of shares already admitted to trading on a regulated market or an SME Growth market, as the case may be, on the date of approval of the EU Recovery prospectus; the period of 12 months shall begin on the date of approval of the EU Recovery prospectus.

2020/11/03
Committee: ECON

2 Amendments of Enikő GYŐRI related to 2020/0155(COD)

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