Admission to AIM—requirements
Admission to AIM—requirements

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

  • Admission to AIM—requirements
  • The company
  • The company's securities
  • Freely transferable securities
  • Securities to be admitted
  • Appointment of a nominated adviser
  • Appointment of a broker
  • Adopting a dealing policy
  • Preparation of an admission document
  • The application for AIM admission
  • More...

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for Corporate lawyers?

A company applying for admission to trading on AIM (AIM admission) must meet the requirements of the AIM Rules for Companies (AIM Rules) as well as complying with:

  1. the legal requirements for offers of securities in the United Kingdom (UK)

  2. financial promotions restrictions

  3. any legal requirements of a jurisdiction where the securities are being offered, and

  4. if the company is incorporated outside the UK, the corporate and securities laws of the country of incorporation

This Practice Note deals with the requirements as they apply to a company incorporated in the UK which is not a ‘quoted applicant’. The London Stock Exchange offers an AIM fast-track admission route to certain companies which have had their securities traded on an AIM Designated Market (which includes the Official List) for at least 18 months prior to applying to AIM (referred to as quoted applicants

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