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 Glossary   >   P   >   "PTM levy" Definition   

        PTM levy

A charge automatically imposed on investors, and collected by their brokers, when they sell or buy shares with an aggregate value in excess of Ј10,000. The charge is 25p, and the money raised goes to the Panel of Takeovers and Mergers. The Panel writes and enforces the rules by which takeovers of companies listed on the London Stock Exchange are conducted.

PTM levy
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PTM levy \ A charge automatically imposed on investors, and collected by their brokers, when they sell or buy shares with an aggregate value in excess of Ј10,000. The charge is 25p, and the money raised goes to the Panel of Takeovers and Mergers. The Panel writes and enforces the rules by which takeovers of companies listed on the London Stock Exchange are conducted.


PTM levy / a charge automatically imposed on investors, and collected by their brokers, when they sell or buy shares with an aggregate value in excess of Ј10,000. the charge is 25p, and the money raised goes to the panel of takeovers and mergers. the panel writes and enforces the rules by which takeovers of companies listed on the london stock exchange are conducted.