The Quoted Companies Alliance welcomes the opportunity to help shape the future of AIM as the London Stock Exchange issues a discussion paper on the topic.
James Ashton, the QCA’s CEO said:
“We welcome the opportunity to shape the future of AIM at this vital time for London’s capital markets.
“AIM has fulfilled an important role for growing companies since 1995; now is the moment to ensure it is well-positioned for the next 30 years.
“That means reviewing and refreshing the rules that support companies and their advisers, as well as give confidence to investors. As the QCA raised in Downing Street talks last week, there is urgent need to increase the flow of capital and liquidity to companies.
“This process also allows us to go further, by reflecting on AIM’s unique model of self-regulation, how the platform is promoted by the London Stock Exchange, excessive cost that has crept into the system, attitudes to corporate governance and additional efforts to drive liquidity, which could include better indexation of growth companies.”
The QCA campaigned for AIM’s creation back in 1995, underlining the need for a market dedicated to small, growing companies.
Three decades on, the QCA AIM Commission is already considering AIM’s future and will report by the time of the QCA Annual Conference on June 5.
The Commission brings together seven experienced company directors – CEOs, CFOs, NEDs and founders – who have helped to grow businesses small and large, across a range of industry sectors and geographies.
