AIM Flashcards
1
Q
Who typically invests on AIM?
A
More risky
Institutional investors, major institutions, sophisticated investors, wealthy individuals
2
Q
What regulations apply to AIM companies?
A
AIM rules
MAR
DTR 2, 3, 5
3
Q
What regulations do NOT apply to AIM companies?
A
LR DTRs (except 2, 3, 5)
4
Q
What is the lock-in requirement?
A
AIM Rule 7
all related parties and applicable employees at date of admission must agree not to dispose of any interest in its securities for 1 year from admission
5
Q
Tax advantages of AIM?
A
CGT holdover relief
100% IHT relief
No stamp duty
Entrepreneurs’ relief
6
Q
What is a nomad? Main task?
A
Nominated advisor
Determine if company is suitable for admission
7
Q
What doc is required for AIM admission?
A
Admission document (which is not a prospectus, though it can be)
