The Part 26A Restructuring Plans (the "Plans") proposed by each of Virgin Active Holdings, Virgin Active Limited and Virgin Active Health Clubs Limited (the "Plan Companies") have been sanctioned by the court. This decision has been eagerly anticipated by the restructuring and insolvency market, struggling tenants and the beleaguered landlord community.

New measures intended to be implemented by the FCA next year, will have a significant impact on companies with controlling shareholders who are premium listed and also on those companies considering joining the premium segment. They follow the regulator's assessment of the premium listing regime over the last couple of years, as it considered how to bolster minority shareholder protection without risking damage to London's attractiveness as a listing venue.