Deadline day looms for Aim web postings

Aim investors are being left in little doubt as to whether their company has produced the additional website information as required by new London Stock Exchange (LSE) rules. New regulations unveiled by the LSE earlier this year require every company on the junior market to have posted key financial details on their web portal by Monday (20 August).

In response, companies are making specific announcements to the market with details of the exact part of their website where the information can be found. Over last Friday and Monday

(9 and 12 August) alone, almost 100 Aim companies made such releases and many have set up specific sections of their website for this information.

These included technology companies Coda (CODA:AIM) and Redstone (RED:AIM) and exploration business EnCore Oil (EO.:AIM), which have all created special ‘IR 26’ sections on their portals.

Websites should include the company’s admission document, which is often only available in hard copy format, together with summary financial information. Additionally, the portal should clearly state any overseas listings, which can be an important consideration for investors trying to ascertain eligibility for enhanced capital gains and inheritance tax relief.

While many Aim companies are clearly getting their acts together, there are concerns that many of the market’s smaller players will fail to get their websites up and running on time. A recent survey estimated 400 companies were not prepared for Monday’s deadline.

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