Calculating fees

AIM and Main Market Admission and Annual fees calculator:

Please note that both AIM and Main Market calculators have been updated with 2022 fees, which are effective from 01 January 2022.

If you wish to find detailed information on fees for AIM and Main Market, please download the Fees for Issuers document. 

Companies pay an admission fee to join each of London Stock Exchange’s markets and an annual fee thereafter. Our fee calculators are designed to help you calculate your company’s admission and annual fees.

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AIM admission fee
Number of shares
Opening price (£)
or
Market capitalisation (£)
Admission fee (£)
0
See notes

An admission fee is payable by all companies seeking admission to AIM or where an enlarged entity seeks admission to AIM following a reverse takeover under Rule 14 of the AIM Rules for Companies. The admission fee is based on the market capitalization of the company on the day of admission.

An invoice for the admission fee will be raised at the time of admission. Payment of admission fees must be received no later than 30 days after the date of such an invoice.

AIM further issues
Value of securities admitted (£)
Admission fee (£)
0
See notes

No further issue fee will apply for further issues where capital raised is below £1.5 million.

An invoice for the further issue fee will be raised at the time of issuance. Payment of further issue fees must be received no later than 30 days after the date of such an invoice.

AIM annual fees
Market capitalisation (£)
Date
Annual fee (£) (2022 Pro-rata)
0
See notes

Annual fees are billed in January 2022 for the 12 months commencing 1 January 2022 and must be paid within 30 days of the invoice date. 

A pro-rata annual fee is payable by new applicants. To obtain the fee, take the number of calendar days, including the date of admission to trading up to and including 31 December 2022, divide this number by 365 (366 during a leap year) and multiply the quotient by the annual fee calculated. 

Where admission to trading occurs after 30 September 2021, the market capitalisation used in the above calculation is the market capitalisation of the securities at the time of admission.

No pro-rata annual fee is payable by the enlarged entity admitted to AIM following a reverse takeover under Rule 14 of the AIM Rules for Companies. 

No additional pro-rata annual fee is payable by companies transferring between London Stock Exchange markets

Main Market admission fees - new issues - ordinary shares
Number of shares
Opening price (£)
or
Market capitalisation (£)
Admission fee (£)
0
See notes

In the event of an application being made whereby more than one class of security is being admitted, a separate fee will be charged for each class of security.

Preference shares may be treated as either equity or debt securities. Classification is dependent upon the class used by the relevant competent authority for the issuer. The admission fee will be based upon this classification. In both cases, an admission fee will apply, however no annual fee will be payable.

Main Market admission fees - new issues - specialist certificates
Number of certificates
Opening price (£)
or
Market capitalisation of admitted certificates (£)
Admission fee (£)
0
See notes

In the event of an application being made whereby more than one class of security is being admitted, a separate fee will be charged for each class of security.

Main Market - further issues - ordinary shares
Market capitalisation of company at the time of the issue (£)
Number of shares
Opening price (£)
Market capitalisation of admitted certificates (£)
Admission fee (£)
0
See notes

Preference shares may be treated as either equity or debt securities. Classification is dependent upon the class used by the relevant competent authority for the issuer. The admission fee will be based upon this classification. In both cases, an admission fee will apply, however no annual fee will be payable.

Main Market - further issues - specialist certificates
Number of certificates
Opening price (£)
or
Market capitalisation of admitted certificates (£)
Admission fee (£)
0
See notes

Specialist certificates

Main Market annual fees - UK and international companies
Market capitalisation of admitted certificates (£)
Admission date
Annual fee (£) (01/01/22 – 31/12/22)
0
See notes

Annual fees are billed in January 2022 for the 12 months commencing 1 January 2022 and must be paid within 30 days of the invoice date. 

A pro-rata annual fee is payable by new applicants. To obtain the fee, take the number of calendar days, including the date of admission to trading up to and including 31 December 2022, divide this number by 365 (366 during a leap year) and multiply the quotient by the annual fee calculated. 

Where admission to trading occurs after 30 September 2021, the market capitalisation used in the above calculation is the market capitalisation of the securities at the time of admission

Preference shares may be treated as either equity or debt securities. Classification is dependent upon the class used by the relevant competent authority for the issuer. The admission fee will be based upon this classification. In both cases, an admission fee will apply, however no annual fee will be payable.

Applicants who admitted their equity securities prior to 1 April 2019 will be subject to a maximum annual fee of £178,200.

Applicants who admitted their equity securities on or after 1 April 2019 will be subject to a maximum annual fee of £220,500.

A premium listed issuer will be eligible for a 25% discount on their annual fee for the parent listed entity, should they have five or more premium funds listed on London Stock Exchange. The discount does not apply to listed funds.

In the case of issuers of certificates representing shares, the following fee scales will apply:
- Issuers whose securities are participating in the London Shanghai Stock Connect programme are charged an annual fee of £84,000 
- Issuers whose securities are subject to Central Counterparty (CCP) clearing services are charged an annual fee of £42,000
- Issuers whose securities are not subject to Central Counterparty (CCP) clearing services are charged an annual fee of £15,000

United Kingdom Value Added Tax (VAT), currently at 20 per cent, must be added to the fee derived if the issuer is subject to United Kingdom VAT. It is the obligation of an applicant to confirm whether or not they are liable for VAT. Where an applicant fails to confirm their VAT liability, VAT will be charged at the prevailing rate. Companies with their principle place of business in the United Kingdom will be considered subject to United Kingdom VAT.

Please note that the actual amount of your admission / annual fee will be as notified to you by the Exchange - the calculators are for guidance only.

Please note that the market capitalisation entered above for annual fees, should be based upon the closing price as at the last business day of September in the preceding year.

Where an issuer commences trading for the first time after the last business day of November in a calendar year, the market capitalisation used to calculate the annual fees is the market capitalisation of the securities at the time of admission.

ITBB - the fees will be applicable to issuers with securities traded on the International Bulletin Board from 18 September 2009.

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