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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
square bullet Develop a robust business plan
square bullet Ensure contracts are in place with customers and suppliers
square bullet Review management information systems and operational and compliance controls
square bullet Consider ownership and tax issues


12-24 months before admission
square bullet

Read the Exchange's flotation pack

square bullet

Attend one of our flotation seminars

square bullet

Contact us for a one-to-one meeting

square bullet

Adopt 'best practice' corporate governance standards

square bullet

Complete any planned strategic initiatives such as acquisitions




6-12 months before admission
square bullet

Review and plan your investor relations (IR) strategy

square bullet

Ensure you have independently-audited financial accounts, if applicable, for a three-year period

square bullet

Consider commissioning an independent expert's report on your business

square bullet

Make any necessary changes to the executive board

square bullet

Appoint non-executive directors

square bullet

Ensure your company is incorporated under the relevant laws

square bullet

Consider whether to conduct pre-flotation fundraising

square bullet

Decide on the method of flotation

square bullet

Hold a beauty parade of advisers




The admission process
12-24 weeks before admission
square bullet Appoint your advisers
square bullet Instruct all advisers
square bullet Agree the timetable to admission


6-12 weeks before admission
square bullet Review any problem areas that have emerged
square bullet Produce the draft prospectus/admission document
square bullet Produce the first draft of the other required documents
square bullet Conduct the initial review of pricing issues
square bullet Review PR presentations
square bullet Host analyst presentations



1-6 weeks before admission
square bullet Continue drafting meetings
square bullet Carry out and complete due diligence
square bullet Hold PR meetings and roadshow
square bullet Register the prospectus with the UKLA
square bullet Submit 10-day announcement to Exchange of intention to join AIM



1 week before admission
square bullet All documents completed and approved
square bullet Pricing and allocation of the offer
square bullet Register the prospectus
square bullet Sign subscription agreement
square bullet Bulk print final prospectus


Admission week
square bullet Pay Exchange fees
square bullet Submit documents
square bullet Admission to AIM granted
square bullet

Trading begins










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