JavaScript Warning

This site relies on JavaScript for critical functionality. Please enable JavaScript and reload the page.

When do I pay a PTM (Panel of Takeovers and Mergers) levy?

Any transaction made on the London Stock Exchange, or other London-based exchange, that is greater than £10,000 must pass the details of the transaction to the Panel on Takeovers and Mergers for their evaluation.

A levy is charged of (currently) £1.00 on the transaction, which goes to the panel as payment. The panel is a regulatory body set up to ensure that all shareholders are treated equally during takeover bids.

The Irish Takeover Panel do the equivalent for Irish based exchanges. They charge €1.25 on trades over €12,500 in Irish share deals.