RE: Four out of five top auditors snub Boohoo after fast fashion scandal20 Oct 2020 00:00
Suspension of trading in AIM securities
A company admitted to trading on AIM (company) will have trading in its AIM securities suspended by the London Stock Exchange (LSE) where it ceases to have a nominated adviser (nomad) and does not immediately appoint a new one and may have trading in its AIM securities suspended where:
•
unless the target is another company admitted to trading on AIM or a listed company, such company has announced that a reverse takeover has been agreed or is in contemplation (until it publishes an admission document in respect of the proposed enlarged entity)
•
trading in such company's securities is not being conducted in an orderly manner
•
the LSE considers that such AIM company has failed to comply with the AIM Rules for Companies (AIM Rules)
•
the protection of investors requires a suspension
•
the integrity and reputation of the market has been or may be impaired by dealings in such company's securities, or
•
at the request of the company