All the previous board must be complicit of AIM regulations5 Aug 2025 15:35
AIM rules for companies
General disclosure of price sensitive information. An AIM company must issue notification without delay of any new developments which are not public knowledge which, if made public, would be likely to lead to a significant movement in the price of its AIM securities. By way of example, this may include matters concerning a change in:
Its financial condition.
Its sphere of activity.
The performance of its business.
Its expectation of its performance.
Information that would be likely to lead to a significant movement in the price of an AIM company’s securities includes, but is not limited to, information which is of a kind which a reasonable investor would be likely to use as part of the basis of his or her investment decisions. There are some limited exceptions to the announcement obligations for impending developments or matters in the course of negotiation. An AIM company is permitted to disclose such information in confidence to various categories of persons (such as advisers or employees involved in the development or matter and transaction counterparties) provided the recipients are made aware of the requirement to refrain from dealing upon receipt of the information and who are bound by a duty of confidentiality. In addition, the AIM company must ensure that it has in place effective procedures and controls designed to ensure the confidentiality of such information in order to minimize the risk of a leak.
Deliberate or reckless failure to comply with these disclosure obligations would constitute a breach of the AIM Rules and may constitute an offence under the Financial Services and Markets Act 2000 (FSMA), insider dealing or market abuse laws.
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