Rules on Nomads

AIM rules for companies – February 2010 (http://is.gd/BUhYKY – PDF, LSE), states, page 3:

If an AIM company ceases to have a nominated adviser the Exchange will suspend trading in its AIM securities . If within one month of that suspension the AIM company has failed to appoint a replacement nominated adviser , the admission of its AIM securities will be cancelled .

Section 17:

An AIM company must issue notification without delay of: … the resignation, dismissal or appointment of its
nominated adviser or broker

QPP were remiss in this.

I hope there is an appropriate response by the LSE and the FCA.

About mcturra2000

Computer programmer living in Scotland.
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