AIM_ The World's Most Successful Growth Market - Institute of Directors by pptfiles

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									Heart of the world’s financial markets

Prepared for the Institute of Directors   May 2012
London is the premier listing choice


                                                                                          Through our group companies
                               LIQUIDITY                                                  we endeavour to provide the
                                                                                             best listing and trading
                                                                                           environment for our issuers




     PROFILE




                            INVESTORS




 Global Financial   Global Financial       Global Financial   Global Financial   Global Financial     Global Financial   Global Financial
  Centres index      Centres index          Centres index      Centres index      Centres index        Centres index      Centres index
 London’s ranking   London’s ranking       London’s ranking   London’s ranking   London’s ranking     London’s ranking   London’s ranking
      1st                1st                    1st                1st                1st                  1st                1st
    Edition 4          Edition 5              Edition 6          Edition 7          Edition 8            Edition 9          Edition 10
    Sept 2008         March 2009              Sept 2009         March 2010          Sept 2010           March 2011          Sept 2011




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London is a global hub for international investors
All major global investors sit in London are able to access London Stock
Exchange traded stocks



                   Assets managed in the UK and globally out of London – ten largest investment firms




                                                                                             …sitting in a time zone which can
                                                                                                          trade with the world




                                                                                             London trading hours



                                                             0    -11 -10 -9   -8 -7   -6   -5 -4 -3 -   0   +1 +2 +3 +4 +5 +6 +7 +8 +9 +10 +11
                                                           2 -1




                                                                                USD million
                                                                                                   Source: Investment Management Association:
                                                                                                        Asset Management in the UK 2009-2011.


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London Stock Exchange offers a diverse range of
markets
               Securities admitted to    Securities not admitted
                    official list            to official list
                  (maintained by UKLA)      (maintained by UKLA)




     EU                                   Specialist Fund
                 Main Market
  Regulated                                   Market
   markets
                                                                   From Small to Large:
                                                                   The choice of market will depend
                                                                   on a number of factors including:

                                                                   • Stage in a company’s
                                                                   development
                  Professional
                   Securities                      AIM             • Complexity of the offer and
                                                                   securities issued
  Exchange          Market
  Regulated                                                        • Target investors
   markets
                                                                   • Company’s size

                                                                   • Company's strategy and
                                                                   objectives


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AIM: The World’s Most Successful Growth Market
AIM companies have operations across the
globe from 95 countries



                          15                                                         40
                                                           UK: 685
                                                                            23
                            50                                     65
                                                                                 9                 42       1
                                                                                     11       29
Number of companies                                                         59                        36
            60 +                                26
            40-59                                                                                           24
            20-39
                                                                        Other offshore: 10
            0-19                                                        Isle of Man & Channel Islands: 18

Source: London Stock Exchange statistics – February 2012
NB: Number of companies colour coded per grouping rather than country
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AIM covers an unparalleled range of sectors
INDUSTRY REPRESENTATION BY NUMBER OF COMPANIES




Source: London Stock Exchange trade statistics – February 2012
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                                                                 ‹#›
 AIM provides access to the world’s leading
 institutional investors

 The investor base for AIM companies is institutional and retail.

                                                          Number of    Value of investments
   Investor                                              investments       (EUR million)
 Blackrock                                                  141               2,188
 Fidelity                                                    86               1,025
 Invesco                                                     55                863
 Lloyds Banking Group                                        56                800
 Prudential                                                  43                774
 Henderson Global Investors                                 167                732
 Capital Group Companies                                     35                694
 Challice Limited                                            1                 602
 Citvic Nominees                                             5                 581
 JPMorgan Chase                                              64                523

Source: GCI Institutional Investors in AIM survey 2011
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AIM enables companies to raise capital
throughout their life on market




            (in £ billions)




Source: London Stock Exchange statistics – February 2012

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AIM’s entry criteria are tailored for growing
companies

   • Nominated adviser (Nomad) required at all times


   • No minimum size requirement


   • No minimum financial history required


   • No formal requirement for shares to be held in public hands




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                                                                   ‹#›
Continuing eligibility requirements facilitate
growth and investor confidence

   • Must retain a Nomad at all times


   • Must disclose all price sensitive information in a timely manner


   • Half yearly and annual report and accounts required


   • UK Corporate Governance standards adopted by companies as best
     practice




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                                                                        ‹#›
Pre IPO Considerations

Timing:      6 – 12 months

Deal Team:   External advisers and internal team

Tasks:       Board structure & corporate governance

             Financial due diligence

             Legal due diligence

             Produce Admission Document / Prospectus

             Investor roadshow




                                                       ‹#›
Post IPO Considerations

Investor Relations: Investors, analysts and media

Reporting:          Company results

                    Price-sensitive information

Regulation:         Company and Director obligations




                                                       ‹#›
Further Information

  Mark Russon
  Business Development Manager
  UK Primary Markets

  +44 (0)7766 421 679

  mrusson@londonstockexchange.com

  www.londonstockexchange.com




                                    ‹#›

								
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