Admitting Single Assets
Single asset structures have become successful vehicles for investors interested in gaining exposure to a variety of different asset classes. They include a range of assets, from single student accommodation residences to aircraft leases. A single asset entity can be admitted to our markets either as a closed-end investment fund or as an operating company. Closed-end investment companies can be admitted to either the Specialist Fund Segment or to AIM. Single asset entities that are operating companies can be admitted to AIM. Companies applying to AIM should contact a Nominated Adviser to discuss potential eligibility.
Markets available for listing single assets
Specialist Fund Segment (SFS) of the Main Market
As a regulated market under MiFID II, SFS is dedicated to specialist, closed-ended investment funds targeting institutional, professional, professionally advised and knowledgeable investors.
Key attributes
Lower free float requirement, no requirement to spread risk and flexible voting structure
Alternative Investment Market (AIM)
AIM is an exchange-regulated market; suitable for commercial companies and straightforward investment structures seeking a broad investment audience including institutional and retail investors.
Key attributes
No minimum track record requirement, but all listing companies must demonstrate appropriateness to join a public market.
| Description | Specialist Fund Segment | AIM |
|---|---|---|
| Structure | Closed-ended Investment Fund |
Operating Company/ Closed Ended Investment Fund. An AIM Investing Company must have a structure that is straightforward and not complex. Minimum equity fundraising of £6m. |
| Domicile | Any | Any |
| Regulation | Regulated Market | MTF (SME Growth Market) |
| Minimum Freefloat | No prescriptive freefloat | No prescriptive freefloat – guidance on free float available. |
| Revenue Criteria | Not Applicable | Not Applicable |
| Admission |
Request for admission to trading to exchange UKLA Approved Prospectus |
AIM Admission Document & Nomad declaration |
| Sponsor/Nominated Adviser | Not applicable | Nominated Adviser on admission and on a continuing basis. |
| Corporate Governance | Corporate Governance statement | Corporate Governance Statement against a Recognised Corporate Governance Code |
| Related Party Transactions | As per Prospectus Regulation | Applicable as per AIM Rules for Companies |
| Cancellation | No shareholder approval required | 75% shareholder approval |
| Indices | Not applicable | FTSE AIM Series, where eligible |
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Interested in listing with London Stock Exchange?
If you’d like to talk to us about listing your investment funds on the London Stock Exchange, please contact us via the form and a member of our team will be in touch to see how we can help you establish in London and start growing globally.
Head of Platforms and Product, Primary Markets
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Business Development Manager, Primary Markets
Senior Manager, Product Development