Admission to AIM—fast track route
Admission to AIM—fast track route

The following Corporate guidance note provides comprehensive and up to date legal information covering:

  • Admission to AIM—fast track route
  • Eligibility
  • Procedure for fast track admission
  • The nominated adviser's role

A company (quoted applicant) that already has its securities traded on another specific market (AIM Designated Market) may be able to apply for admission to AIM through the AIM Designated Market Route (ADMR). The ADMR provides an efficient and cost effective route for a quoted applicant to be admitted to trading on AIM.

The current AIM Designated Markets are:

  1. Australian Securities Exchange

  2. Johannesburg Stock Exchange

  3. NASDAQ

  4. NYSE

  5. SIX Swiss Exchange

  6. TMX Group

  7. Official List of the Financial Conduct Authority, and

  8. any EU regulated market or SME Growth Market as defined in the Markets in Financial Instruments Directive 2014/65/EU (MiFID II) and registered in accordance with that directive.

Eligibility

To be eligible for the ADMR a quoted applicant must:

  1. have traded on an AIM Designated Market for a minimum of 18 months prior to the proposed date of admission to AIM

  2. have traded in the form in which it is seeking admission to AIM (the London Stock Exchange AIM Designated Market Route publication provides that if a business has changed substantially eg made a large acquisition in that period, it is possible that the entity will not be able to use the ADMR)

  3. have as its latest published annual report and accounts, an annual report and account with a financial year end not more than nine months prior