Bank of England Guidance on Share Issuing Good Practice for Listed Companies
http://www.bankofengland.co.uk/publications/news/1999/092.htm
Share issuance
The Bank of England Guidance was developed by the Bank in conjunction with the Association and other bodies and its publication met a long held need for sound guidance on equity issuance. It followed the recommendations of the MMC that the use of tendering for sub-underwriting should be encouraged and that the benefits of deep-discounted share issues should be explained to issuers.