Ed plc is in the process of flotation on the Stock Exchange with a new issue of shares via an offer for sale. Eckersley plc has engaged three advisers for the flotation in addition to the company's solicitor and accountant

• Pratt and Partners are recording ownership of the shares when issued

• Steele &Co is advising on market condition on likely demand for the shares

• Charmer plc is pricing and underwriting the issue

What roles are being played in the flotation by the three advisers?

A. Pratt and Partners: corporate broker ; Steele & Co: sponsor ; Charmer plc: registrar

B. Pratt and Partners: sponsor Steete & Co: registrar Charmer plc: corporate broker

C. Pratt and Partners: registrar Steele & Co.: sponsor; Charmer plc: corporate broker

D. Pratt and Partners: registrar Steele & Co: corporate broker Charmer plc: Sponsor

Answer rating: 100% (QA)

Answer C Pratt and Partners regist rar Steele Co corporate broker Char mer pl c Sponsor Explanation The three advisors are participating in the flotat... View the full answer