Insight 9 April 2020

Jersey cash box structures

Current challenges experienced by companies as a result of the turbulence and instability in the global financial markets is resulting in a resurgence of interest in the use of Jersey Cash Box structures.

It is an increasingly popular means of raising equity capital for UK public companies, and a flexible and efficient way of accessing an alternative source of funds when the current environment proves difficult for companies to raise debt finance.

UK public limited companies can take advantage of a Jersey cash box structure as an attractive financing mechanism to allow access to alternative sources of funds and raise money through the issuance of shares or convertible bonds.

Benefits of the cash box structure

Allows a way to issue equity by leveraging advantages of merger relief under s.612 of the UK Companies Act 2006 and avoiding the time and costs of complying with pre-emption provisions.

Low impact and flexible legal and regulatory framework to provide a prompt and efficient means of raising funds.

JerseyCo can be structured in a tax efficient means with minimal costs in respect of the ongoing management and administration services.

Sanne has a great deal of experience in working with reputable legal advisors in offshore structuring, as well as commercial and investment banks (‘Manager’), as the book runner for subscribing and placing with investors. Sanne has a wealth of expertise to support UK public companies with the incorporation and ongoing management of a new company in Jersey (‘JerseyCo’), whether that’s through a private company or public company structure.

We would be delighted to speak with you to discuss how Sanne can assist in the restructuring process.

Let's talk...

Corporate Services
Background image
Lucy Baird Head of Corporate Services - Jersey
Background image
Lisa Aune Lead Director - Jersey
Background image
Shervin Binesh Director - Jersey

Related Articles

Insight 28 April 2020
Cash is King - conserve and carry on
Insight 20 July 2020
Expert panel discussion | Remuneration strategies and executive pay