The AIM Market
The Alternative Investment Market (AIM) is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market. Created in 1995, AIM has raised approximately £60bn for more than 3,000 companies. Over 250 companies are from outside the United Kingdom.
Many companies have moved from AIM to the main market since its inception, but in recent times the move has been the other way, due to the lighter regulation and the significant tax advantages available to investors of an AIM listed company. A requirement of AIM listing is continuous oversight by a company’s adviser, known as the Nominated Adviser (NOMAD). The role of the NOMAD is central to AIM’s regulatory model, acting as gatekeeper, adviser, and regulator.
We act for many AIM traded companies. We can help with the admission process and with providing company secretarial support thereafter, including:-
- Updating and establishing appropriate statutory records prior to due diligence.
- Accepting appointment as company secretary or assisting the in-house appointee.
- Liaising with the company, solicitors, accountants, the NOMAD, and other advisers during and after the listing process.
- Drafting terms of reference for board committees.
- Establishing procedures for directors’ share dealings, declarations of interest etc.
- Maintaining statutory records after listing.
- Assisting with organisation of board and shareholder meetings and attending meetings to give advice and take minutes.
- Advising on corporate governance compliance generally.
- Maintaining and updating statutory information and company documents on the company’s website in accordance with AIM Rule 26.
- Assisting with special projects including acquisitions, disposals, and capital reorganisations.
For further information email us at info@davidvenus.com or phone us on 01372 465330.
