AIM – LSE Publishes Feedback On Proposed Changes To The AIM Rules

The London Stock Exchange (LSE) has issued a Feedback Statement following its Discussion Paper on the future of AIM published earlier this year (read more on our blog here).

The Feedback Statement sets out some immediate operational changes alongside areas for consultation and further reform. The changes that will be implemented immediately through derogations or updates to guidance include:

• Dual‑class shares – these will be acceptable on AIM where they meet the Main Market-equivalent requirements (with appropriate disclosures);
• Related party transactions – the nominated advisor (Nomad) will not need to give a "fair and reasonable" opinion on directors' remuneration (provided the Nomad is satisfied that there are reasonable protections in place);