RE: Update20 Sep 2025 04:55
Lothbury I’ll just leave this here for you.
The 6-Month Limit and Extensions
A critical provision is the 6-month cancellation rule (AIM Rule 41): If trading remains suspended for six months or longer, the company’s admission to AIM is automatically cancelled unless an extension is explicitly granted by AIM Regulation (part of LSEG). This rule prevents indefinite suspensions that could leave investors in limbo.
• Why extensions are granted: Extensions are discretionary and typically approved if the company demonstrates good progress toward resolution (e.g., nearing completion of delayed accounts or a reverse takeover). They are not automatic and require a formal application to AIM Regulation, often supported by the company’s Nomad.
• Duration of extensions: Extensions are usually granted in increments (e.g., 3-6 months), but repeated extensions are possible if justified. However, prolonged suspensions risk cancellation if progress stalls.