Dates                                                                 
 
19 November 2008
5 June 2009
13 November 2009                    
 
 Course Overview

This course covers the documentation required for AIM flotations. This includes the drafting of an AIM Admission Document and related ancillary documentation.

The drafting of a placing agreement and placing letters will be considered. The issues to be aware of in drafting announcements, pathfinders and presentations will be explained.

Participants will highlight changes which will be needed to a company’s constitutional documents and consider internal compliance matters which should be addressed including codes of dealing, directors’ service contracts and board minutes.

The contents of ancillary documents including directors’ responsibility letters, comfort letters and verification notes will also be explained.

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


 Course Content
                            
The process for admission to AIM

The documents required

AIM Admission Documents

How does an AIM Admission Document differ from a prospectus?

Contents of an Admission Document including:
The form and layout
Cover pages: what should be included?
Key information and risk factors
Business information
Financial information
Additional information

Other principal documents
Placing/underwriting agreement
Nomad agreement
Brokers’ agreement
Due diligence reports

Internal company documents
Adoption of new articles
Directors’ service agreements/Letters of appointment of
  non-executive directors
Corporate governance and committee structure
Model Code or equivalent

Announcements and marketing
Announcement of flotation
10 Day announcement
Publication of the admission document
Presentations
Pathfinders

Supporting documents
Disclosures of interests in shares by directors/major holders
Directors’ duties memorandum
Directors’ responsibility letters and powers of attorney
Accountants’ comfort letters for the company and Nomad
Comfort letters for the Nomad
Verification notes
Board minutes