AIM Flotations & Rules
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The course covers all the important preparatory, marketing, regulatory and legal requirements for arranging and implementing a company’s flotation on AIM.
Participants will receive practical and detailed guidance on all stages of the process from the initial review of a company’s eligibility and suitability for flotation through to its continuing obligations post flotation.
The role and responsibility of each of the professional advisers will be described and, in view of the onerous responsibilities of the directors of a public company, the advantages and disadvantages of a quotation will be fully evaluated.
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Further Details
The following sets out the content of the course in the approximate order in which it will be discussed during the day.
Initial considerations
Advantages and disadvantages of a quotation
Suitability for a quotation
- Fundamental questions
- Market related questions
- Business related questions
- The AIM rules surrounding the decision to float
- The EU Prospectus Directive
- Tax status of AIM companies
- Corporate governance & codes of conduct
The parties and their roles
The selection process
The regulatory responsibilities of the Nomad
- Gatekeeper & quality controller
The Nomad as co-ordinator
- Co-ordinating the advisers
- Transaction management
Stockbrokers
- Before and after the issue
Accountants
- The long and short form reports
- Working capital memorandum
- Board memorandum
- Comfort letters
Solicitors
- Verification of the Admission Document
- Legal due diligence
Other advisers
Preparation for flotation
Methods of flotation
Contents of the Admission Document
- Arguing with the lawyers
- Risk factors
Building the investment case
Valuation
- DCF & NAV
- Valuation by comparables
- Short-cut valuation
Marketing
- Formulating a consistent message
- The Roadshow
Structuring the shareholder list
- Pricing & allocation
Post flotation
This Training Course is offered "in house" at the following locations:
Aberdeen
Edinburgh
Glasgow
Belfast
Leeds
Newcastle
Liverpool
Manchester
Birmingham
Cardiff
Bristol
Reading
Croydon
London E
London EC
London SW
London W
London WC
Guernsey
Jersey
Information provided is for information purposes only and no guarantees are made with regards to accuracy. It is advised that all details are checked prior to making a booking. Contents © 1999 - 2012. All rights reserved.
