Question
I've heard that joining a public market involves a lot of paperwork. Is that true of AIM?
Answer
Once a company has been admitted to AIM, the rules do not require it to produce further documentation or to issue shareholder circulars, unless it is undertaking a reverse takeover or cancelling from the market. This makes AIM an especially efficient market for acquisitive companies. However, you should be aware that, in certain circumstances, AIM companies may have wider legal or other regulatory obligations that involve producing documentation. While an AIM company is required to announce any matter which may affect its share price, the AIM rules do not require formal quarterly reporting − though companies are free to issue quarterly reports if they wish to do so.
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