Each company applying to AIM must appoint a nominated adviser, popularly known as a ‘nomad’. Nominated advisers are responsible, amongst other duties, for warranting that a company is ‘appropriate’ for AIM.
The application process
Our booklet AIM Rules sets out the rules for AIM companies and their nominated advisers. In summary, each company applying must:
- Appoint a nominated adviser and a broker
- Have no restrictions on the free transferability of shares
- Prepare an admission document
- Pay an admission fee to the London Stock Exchange
Once admitted to AIM, a company has ongoing disclosure requirements and must retain a nominated adviser at all times. We maintain a list of approved Nomads.
AIM Designated Markets - the fast-track route to AIM
The streamlined process to join AIM makes it easier for smaller growing companies to join a global market that has been specifically designed with them in mind. AIM enables smaller companies to broaden their investor base by attracting institutional investors and also raise their profile with analysts. Companies using this fast-track route to AIM can be admitted without having to publish an admission document making it more cost-effective to join AIM. Instead of an admission document, companies simply need to make a detailed pre-admission announcement.
Eligibility
Companies who have had their securities traded on an AIM Designated Market (listed below) for at least 18 months prior to the date of admission to AIM, are eligible to apply through this route.
AIM Designated Markets
- Australian Stock Exchange
- Deutsche Borse
- Euronext
- Johannesburg Stock Exchange
- NASDAQ
- New York Stock Exchange
- Stockholmbörsen
- Swiss Exchange
- Toronto Stock Exchange
- UK Official list (as issued by the UK Listing Authority)