Could I transfer my company from AIM to the Main Market at a later date?
Companies that wish to move to the Main Market have to publish a Prospectus and must undertake the same application process as new applicants to the Main Market.
AIM Rules require a company to seek the approval of 75% of shareholders in a general meeting to cancel its admission to AIM, and the London Stock Exchange who operates the Main Market must be provided with 20 clear business days notice prior to its intended cancellation of the AIM listing.
Who would be my investors if my company joined AIM?
In recent years AIM has enjoyed a considerable growth in its institutional stock market investor following. Now investing institutions own over 60% of shares in AIM companies. Experienced private investors and venture capital trusts also invest in AIM companies.
What sort of timescale is involved in the AIM flotation process?
An AIM flotation formal timetable is usually between 12-18 weeks. It is sensible, however, to allow an additional 10-24 weeks (and longer in some cases), prior to the commencement of the formal flotation timetable.
This time should be used to undertake an AIM feasibly exercise, and to prepare business plans/ projections. Forward planning such as this will ensure your company is more attractive to potential stock market investors.
This additional time also enables your management team to prepare for the process of flotation and therefore it will be less likely that major disruption is caused to the company by the flotation.