ARTICLE
22 October 2015

London Stock Exchange: Guidance On Disclosures Relating To Equity Financing Products For AIM

SS
Shearman & Sterling LLP

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On 24 September 2015, AIM Regulation published an Inside AIM update to provide guidance on AIM company disclosures regarding equity financing products for AIM securities in which an AIM company or its directors are interested.
United Kingdom Corporate/Commercial Law

On 24 September 2015, AIM Regulation published an Inside AIM update to provide guidance on AIM company disclosures regarding equity financing products for AIM securities in which an AIM company or its directors are interested.

These equity financing products can include share sale and repurchase agreements, swap facilities, equity lines of credit among others. The guidance covers the following points:

  • a recommendation for AIM companies to include more detail in the announcements of the transactions than they typically would for other common structures;
  • a reminder that AIM companies must comply with the ongoing disclosure obligations and update announcements; and
  • general advice on AIM companies to consult with their nomad companies about any arrangements in relation to these products.

The AIM guidance is available here:

http://www.londonstockexchange.com/companies-and-advisors/aim/advisers/inside-aim-newsletter/aim-company-disclosures.pdf

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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