Buzz Archive:
Introduction of New AIM Rules for Companies

by Simon Fielder, Caroline Grange and Gary L. Benton of Pillsbury Winthrop Shaw Pittman, LLP, 7/10/2007

The London Stock Exchange ("LSE") published a consultation document under AIM Notice 24 regarding proposed changes to the AIM Rules. These changes came into effect on February 20 2007 and included the introduction of a new rule book for Nominated Advisors (the "AIM Rules for Nominated Advisors"), certain changes to the AIM Rules for Companies and amendments to the AIM Disciplinary Procedures and Appeals Handbook.

While you can review these changes at the AIM website, VC Experts looks to attorneys from Pillsbury Winthrop Shaw Pittman for a detailed summary of the changes and their impact to AIM Companies. Key changes include:

• Requirement for the disclosure of key information on an AIM company's website;
• Enhanced disclosure requirements in a pre-admission announcement; and
• Guidance regarding reverse takeovers.