Aim rule 1324 Jul 2020 11:21
I think this disclosure is prompted by aim rule 13 and nothing more, it actually says so in the first rns as well. Nothing rns.
Related party transactions
13. This rule applies to any transaction whatsoever with a related party which exceeds 5% in
any of the class tests.
An AIM company must issue notification without delay as soon as the terms of a
transaction with a related party are agreed disclosing:
— the information specified by Schedule Four;
— the name of the related party concerned and the nature and extent of their interest
in the transaction; and
— a statement that with the exception of any director who is involved in the transaction
as a related party, its directors consider, having consulted with its nominated
adviser, that the terms of the transaction are fair and reasonable insofar as its
shareholders are concerned.