Dates                                                                                
  
18 November 2008
16 February 2009
8 June 2009
21 September 2009       
                                 
 Course Overview

The course covers all the important preparatory, marketing, regulatory, legal and taxation requirements for arranging and implementing a company’s flotation on AIM.

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.

 Course Content

Initial considerations
Where does AIM fit in?
Tax status of AIM companies
Advantages and disadvantages of a quotation
Suitability for a quotation
   •Fundamental questions
   •Market related questions
   •Business related questions
The decision to float


The selection process
Quality of advisers
    •The Nomad as regulator
Gatekeeper & quality controller
    •The Nomad as co-ordinator
Managing conflicting interests
Co-ordinating the advisers
Transaction management
    •Stockbrokers
Before and after the issue
    •Accountants
The long and short form reports
    •Solicitors
How many are required?
    •Other advisers


Preparation for flotation
Due diligence
Verification
Methods of flotation
Contents of the Admission Document
    •Arguing with the lawyers
    •Risk factors
Building the investment case
Valuation
    •DCF & NAV
    •Valuation by comparables
    •Short-cut valuation
Marketing
    •Formulating a consistent message
    •The Roadshow
Structuring the shareholder list
    •Pricing & allocation
Post flotation