4 Equities Flashcards
Not comprehensive
Requirements for listing on London Stock Exchange
Chapter 4, Section 7.2.1
The United Kingdom Listing Authority (UKLA) requires
a public limited company (plc).
expected market capitalisation at least £700,000.
trading for at least three years and at least 75% of its business supported by an historic revenue earning record for that period.
At least 25% of the company’s shares should be in public hands or available for purchase by the public.
A trading company must demonstrate that it has sufficient working capital for the next 12 months.
Requirements for listing on AIM
The requirements for a listing on the AIM are less onerous than for a full listing:
No trading history requirement.
No minimum market capitalisation required
No requirement for minimum amount of shares to be held by the ‘public’
Certain rules are common to both the AIM and fully listed companies. They must both release price-sensitive information promptly and produce financial information at the half-yearly (interim) and full year (final) stage
What is traded on SEAQ
Fixed interest market
AIM securities not traded on SETS or SETSqx
Who can input directly into SETS order book
Member firms of the London stock exchange
