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AIM admission timetable

AIM admission timetable


The run-up to a company’s flotation on AIM is generally described in terms of a timetable counting down to admission. The following example timetable outlines the possible steps that  take place during each period.

Pre-flotation preparation
24-36 months before admission
  • Develop a robust business plan
  • Ensure contracts are in place with customers and suppliers
  • Review management information systems and operational and compliance controls
  • Consider ownership and tax issues
     

12-24 months before admission

  • Read the Exchange's flotation pack
  • Attend one of our flotation seminars
  • Contact us for a one-to-one meeting
  • Adopt 'best practice' corporate governance standards
  • Complete any planned strategic initiatives such as acquisitions
     

6-12 months before admission

  • Review and plan your investor relations (IR) strategy
  • Ensure you have independently-audited financial accounts, if applicable, for a three-year period
  • Consider commissioning an independent expert's report on your business 
  • Make any necessary changes to the executive board
  • Appoint non-executive directors
  • Ensure your company is incorporated under the relevant laws
  • Consider whether to conduct pre-flotation fundraising 
  • Decide on the method of flotation
  • Hold a beauty parade of advisers


The admission process
12-24 weeks before admission

  • Appoint your advisers
  • Instruct all advisers
  • Agree the timetable to admission


6-12 weeks before admission

  • Review any problem areas that have emerged
  • Produce the draft prospectus/admission document 
  • Produce the first draft of the other required documents
  • Conduct the initial review of pricing issues
  • Review PR presentations
  • Host analyst presentations


1-6 weeks before admission

  • Continue drafting meetings
  • Carry out and complete due diligence
  • Hold PR meetings and roadshow
  • Register the prospectus with the UKLA
  • Submit 10-day announcement to Exchange of intention to join AIM

1 week before admission

  • All documents completed and approved
  • Pricing and allocation of the offer
  • Register the prospectus
  • Sign subscription agreement
  • Bulk print final prospectus

 
Admission week

  • Pay Exchange fees 
  • Submit documents
  • Admission to AIM granted
  • Trading begins

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Downloads

 AIM brochure (PDF 1Mb)
 Joining AIM guide (PDF 1Mb)
 Guidance note for Mining, Oil & Gas Companies March 2006 (PDF 1Mb)
 New FTSE AIM Index Series (PDF 348Kb)
 New FTSE AIM All-Share Supersector Index Series (PDF 335Kb)

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