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AIM & OFEX Flotations

History & background
Requirement for a secondary market
Current position of AIM & OFEX
Advantages and disadvantages of a quotation
Suitability for a quotation
Tax treatment of qualifying unquoted companies

The parties and their roles
Selection
The NOMAD as regulator
The NOMAD as co-ordinator
Stockbrokers and underwriting
Accountants and due diligence
Solicitors and verification
Other advisers
Differences for OFEX
Costs of a flotation

Prospectus requirements
The POSREGS
Liability of directors and advisers
Contents of Admission Document
Contrast with Listing Rules
Procedure for application - AIM
Procedure for application - OFEX

Preparation for flotation
Valuation
Methods of flotation
Marketing
Structuring the shareholder list

Continuing obligations
Announcements
Codes of conduct
The Class Tests
Trading and settlement

HOW YOU WILL BENEFIT

The course covers all the important preparatory, marketing, regulatory, legal and taxation requirements for arranging and implementing a company's flotation on AIM or OFEX. Participants will receive practical and detailed guidance on all stages of the process from the initial review of a company's eligibility and suitability through to its continuing obligations post flotation. The role, responsibility and likely cost of each of the professional advisers will be described and, in view of the onerous responsibilities of the directors of a public company, the advantages and disadvantages of a quotation will be fully evaluated.

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