Alternative Investment Market (AIM) Rule 26

The London Stock Exchange has recently introduced rules applicable to companies whose shares are traded on the Alternative Investment Market(AIM).

In terms of Rule 26 , all existing and new AIM companies must have a corporate website in place with freely available Financial and Governance information.

AIM Rule 26 information disclosure requirements comprise the following:

• A description of its business and where it is an investing company, its investing strategy;
• The names of its directors and brief biographical details of each, as would normally be
  included in an admission document;
• A description of the responsibilities of the members of the board of directors and
  details of any committees of the board of directors and their responsibilities;
• Its country of incorporation and main country of operation;
• Where the AIM company is not incorporated in the UK, a statement that the rights of
  shareholders may be different from the rights of shareholders in a UK incorporated
  company;
• Its current constitutional documents (e.g. its articles of association);
• Details of any other exchanges or trading platforms on which the AIM company has
  applied or agreed to have any of its securities (including its AIM securities) admitted
  or traded;
• The number of AIM securities in issue (noting any held as treasury shares) and,
  insofar as it is aware, the percentage of AIM securities that is not in public hands
  together with the identity and percentage holdings of its significant shareholders.
  This information should be updated at least every 6 months.
• Details of any restrictions on the transfer of its AIM securities;
• Its most recent annual report published pursuant to rule 19 and all half-yearly,
  quarterly or similar reports published since the last annual report pursuant to rule 18;
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• All notifications the AIM company has made in the past 12 months;
• Its most recent admission document together with any circulars or similar
  publications sent to shareholders within the past 12 months; and
• Details of its nominated adviser and other key advisers (as might normally be found
  in an admission document).