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A Practical Guide to AIM

A Practical Guide to AIM

Author: Charles Russell LLP
Publisher: ICSA Publishing
ISBN: 9781860723940
Published In: April 2008
Format: Paperback , 416 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Contents
Author

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Written by leading practitioners, A Practical Guide to AIM offers comprehensive and lucid guidance on the regulatory compliance issues of seeking admission to and operating on the Alternative Investment Market.

As well as explaining the rules and procedures relating to admission, including the role played by the AIM team (lawyers, accountants and NOMADs), it provides detailed coverage of the continuing statutory obligations of the AIM company. This includes guidance on areas such as directors’ responsibilities, disclosure requirements share options, takeovers through to de-listing.

This book will help readers better understand what is involved in being admitted or operating as a company trading on AIM. It points out some of the practical considerations which the directors will need to consider, both from a personal perspective and for the benefit of shareholders as a whole.

In addition to the legal and regulatory requirements the book provides a variety of practical considerations which should answer questions commonly encountered by companies and their directors

Part 1 - Key team
Role of the AIM regulation team
Role of the nominated adviser
Role of the broker
Role of the reporting accountant
Other advisers

Part 2– Admissions to AIM
Admission process and AIM admission documents
Fast-track admissions
Mining, oil and gas companies
Investing companies
Admission to trading on AIM by reverse take-over
Directors responsibilities for AIM admission document and verification
Crest, settlement and depository interests
Lock-ins for new businesses

Part 3 – Fundraisings
Contractual documentation for fundraisings
Offers to the public
Institutional placings
Rights issues and open offers
Secondary issues
Price stabilisation, over-allotment, greenshoes and when-issued trading
Analyst’s research
Publicity guidelines

Part 4 -Continuing obligations
Financial reporting
Announcements
Website
Further issues of securities
Directors’ responsibility
Directors’ dealings
Directors’ service agreements
Acquisitions/disposals
Takeovers
Options and share incentives
Tax incentives
Disclosure rules and transparency rules
Mining, oil and gas companies
Overseas companies
Disciplinary matters

Part 5 – Corporate governance
Corporate governance
Remuneration committee
Audit committee
Nomination committee
Share dealing code

Part 6 – De-listing
Cancellation of trading on AIM
Moving from AIM to the main market

Charles Russell LLP: Charles Russell is a top 50 full service City legal practice with offices in London, Guildford, Cheltenham, Cambridge, Oxford, Geneva and Bahrain. They advise on complex, cross-border transactions. Clients range from international, FTSE and AIM-listed businesses to governments, not-for-profit bodies, private individuals, trustees and intermediaries.