General Overview

• Introduction: Outline of stages for a flotation: Placing, introduction, offer for sale/ subscription and intermediaries offer and roles of the parties
• Considerations for new issuers: Main market vs AIM vs PLUS Markets, advantages and disadvantages of flotation and tax treatment of AIM and PLUS companies
• Role of the FSA

Status of the Alternative Investment Market

• Brief history and background on AIM
• The regulatory framework: FSMA 2000 provisions and the Prospectus Directive
• Role, regulatory status and structure of the London Stock Exchange and AIM

Status of PLUS

• Brief history and background on PLUS
• The regulatory framework
• Role, regulatory status and structure of PLUS

AIM Rules

• Criteria for admission
• The role of the Nominated Advisor (Nomad)
• The role of the broker
• Admission procedures: Admission Document; requirement and content and submissions to the Exchange
• Continuing obligations for issuers: Disclosures, transactions and directors and corporate governance
• Supervision and discipline

PLUS Rules

• Criteria for admission
• The role of the Corporate Advisor
• Admission procedures: Prospectus or Placing Memorandum, PLUS admission procedures
• Continuing obligations for issuers: Disclosures, transactions and directors and corporate governance
• Supervision and discipline