Outline timetable for an AIM admission


Published by a ³ÉÈËÓ°Òô Corporate expert
Precedents

Outline timetable for an AIM admission


Published by a ³ÉÈËÓ°Òô Corporate expert

Precedents
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This precedent timetable shows the main steps involved in an AIM IPO (where a UK company is applying for the initial admission of its shares to trading on AIM) and no prospectus is required.

Impact Day – 12 weeks

EventResponsibility
All parties meetingAll
Circulate timetableNomad
Circulate draft list of documents and list of partiesNomad
Circulate draft engagement lettersNomad
Circulate financial due diligence questionnaire and legal due diligence questionnaireReporting accountants and Company solicitors

Impact Day — 11 weeks

EventResponsibility
Circulate memorandum on directors’ responsibilities and potential liabilities in respect of an AIM admission documentCompany solicitors
Circulate memorandum on the responsibilities and continuing obligations of a director of an AIM companyCompany solicitors
Circulate directors’ questionnaires, directors’ powers of attorney and directors’ responsibility lettersCompany solicitors/Nomad
Return response to financial due diligence questionnaire and legal due diligence questionnaireCompany
Commence financial due diligence (including financial procedures review)Reporting accountants
Commence legal due diligenceCompany solicitors
Finalise terms of and sign all engagement lettersCompany/Nomad
Commence drafting front-end of admission documentNomad

Impact Day – 10 weeks

EventResponsibility
Return completed directors’ questionnaires, signed directors’ powers of attorney and signed directors’ responsibility lettersCompany
Circulate
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Jurisdiction(s):
United Kingdom
Key definition:
Nomad definition
What does Nomad mean?

See Nominated Adviser.

Read more

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