Dates                                                                

 7 October 2008
24 April 2009
9 October 2009               
 
Course Overview

This course covers in detail the issues arising in practice in drafting a prospectus under the Prospectus Directive rules.
The requirements for AIM Admission documents and how they differ from a full prospectus will also be explained.

Participants will consider how to conduct a verification exercise which achieves its objective in a practical and efficient manner. The course also aims to demystify the purpose and content of the ancillary documentation and comfort letters.

The course will include a review of examples of publicly available documentation relating to listed and AIM companies.


Course Content
                            
 Prospectuses
When is a prospectus required?
The distinction between prospectuses and pathfinders
Incorporation of information by reference and the omission of
   information
Contents required under the Prospectus Directive including:
The form and layout of the prospectus
Cover pages: what should be included?
The summary
Risk factors
Business information
The Operating and Financial Review
Financial information
Details of the offer and contractual terms
Additional information

 AIM Admission Documents
How does an AIM Admission Document differ from a prospectus?
Additional information required under the AIM Rules

 Verification
The purpose of verification
Responsibility and liability
The verification process

 Ancillary documents
Expert’s consents
Comfort letters required by Sponsors and Nomads
Directors’ responsibility letters