RE: Taking Shareholders As Fools!23 Mar 2023 11:20
Fundamental changes of business
15. Any disposal by an AIM company which, when aggregated with any other disposal(s) over
the previous twelve months, exceeds 75% in any of the class tests, is deemed to be a
disposal resulting in a fundamental change of business and must be:
— conditional on the consent of its shareholders being given in general meeting;
— notified without delay disclosing the information specified by Schedule Four and
insofar as it is with a related party, the additional information required by rule 13;
and
— accompanied by the publication of a circular containing details of the disposal and
any proposed change in business together with the information specified above and
convening the general meeting.
Divestment or Cessation
— Where the effect of a disposal is to divest the AIM company of all, or substantially
all, of its trading business, activities or assets; and/or
— Where an AIM company takes any other action, the effect of which is that it will
cease to own, control or conduct all, or substantially all, of its existing trading
business, activities or assets (in which case such action should be notified without
delay and include all relevant information that shareholders may require)
upon completion of the disposal or action, the AIM company will be regarded as an AIM
under the rule AIM they need 75% to pass or it cant be pass
this is link to download AIM lure from londonstockexchange.
https://docs.londonstockexchange.com/sites/default/files/documents/AIM%20Rules%20for%20Companies%20%2801012021%29_1.pdf