aim rule 26
Aim rule 26 checklist and website guidance
What are the website requirements for Aim listed companies?
Aim rules for companies
Companies which are admitted to trading on the Aim market of the London Stock Exchange are subject to the Aim rules for companies which includes website disclosure requirements
Aim rule 26
Aim rule 26 is broken down into fifteen sub-rules which details what needs to be disclosed on the companies website. This information needs to be freely available.
Fines of up to £15,000 and public censures have been used to make examples of non-compliance. The exchange takes disclosure seriously and so should companies subject to the Aim rules.
The full rule book
The full rule book is available on the London Stock Exchange website. The text for rule 26 can be found below, but the full rule book as at 01 January 2021 can be found here
a description of its business and, where it is an investing company, its investing policy and details of any investment manager and/or key personnel;
its country of incorporation and main country of operation;
its current constitutional documents (e.g. its articles of association);
details of any other exchanges or trading platforms on which the AIM company has applied or agreed to have any of its securities (including its AIM securities) admitted or traded;
the number of AIM securities in issue (noting any held as treasury shares) and, insofar as it is aware, the percentage of AIM securities that is not in public hands 12 together with the identity and percentage holdings of its significant shareholders. This information should be updated at least every 6 months and the website should include the date on which this information was last updated;
details of any restrictions on the transfer of its AIM securities;
the annual accounts published pursuant to rule 19 for the last three years or since admission, whichever is the lesser, and all half-yearly, quarterly or similar reports published since the last annual accounts pursuant to rule 18, and from 3 January
2018 the annual accounts published (on or after that date) pursuant to rule 19 and all half-yearly, quarterly or similar reports published (on or after that date) pursuant to rule 18 must be posted and maintained on its website for a period of at least five
all notifications the AIM company has made in the past 12 months. An AIM company must also post and maintain on its website for a period of at least five years all inside information it is required to disclose publicly by MAR on or after 3 January 2018;
its most recent admission document together with any circulars or similar publications sent to shareholders within the past 12 months and for a period of at least five years any Prospectus it has published on or after 3 January 2018;
details of a recognised corporate governance code that the board of directors of the AIM company has decided to apply, how the AIM company complies with that code, and where it departs from its chosen corporate governance code an explanation of the reasons for doing so. This information should be reviewed annually and the website should include the date on which this information was last reviewed;
the names of its directors and brief biographical details of each, as would normally be included in an admission document;
a description of the responsibilities of the members of the board of directors and details of any committees of the board of directors and their responsibilities;
where the AIM company is not incorporated in the UK, a statement that the rights of shareholders may be different from the rights of shareholders in a UK incorporated company;
whether the AIM company is subject to the UK City Code on Takeovers and Mergers, or any other such legislation or code in its country of incorporation or operation, or any other similar provisions it has voluntarily adopted; and
details of its nominated adviser and other key advisers (as might normally be found in an admission document).
Aim rule 26
Below is text from rule 26 per Aim rules for Companies, 01 January 2021. Full rulebook here
Each AIM company must from admission maintain a website on which the following information should be available, free of charge:
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