19
(ii) the information required by paragraph (a) above is amended as follows: the
information required by section 18 of Annex 1 must be presented in accordance with
one of the applicable standards set out in rule 19.
(c) a statement by its directors that in their opinion having made due and careful enquiry, the
working capital available to it and its group will be sufficient for its present requirements,
that is for at least twelve months from the date of admission of its securities;
(d) where it contains a profit forecast, estimate or projection (which includes any form of words
which expressly or by implication states a minimum or maximum for the likely level of
profits or losses for a period subsequent to that for which audited accounts have been
published, or contains data from which a calculation of an approximate figure for future
profits or losses may be made, even if no particular figure is mentioned and the words
“profit” or “loss” are not used):
(i) a statement by its directors that such forecast, estimate or projection has been
made after due and careful enquiry;
(ii) a statement of the principal assumptions for each factor which could have a
material effect on the achievement of the forecast, estimate or projection. The
assumptions must be readily understandable by investors and be specific and
precise;
(iii) confirmation from the nominated adviser to the applicant that it has satisfied
itself that the forecast, estimate or projection has been made after due and careful
enquiry by the directors of the applicant; and
(iv) such profit forecast, estimate or projection must be prepared on a basis
comparable with the historical financial information;
(e) on the first page, prominently and in bold, the name of its nominated adviser and the
following paragraphs:
"AIM is a market designed primarily for emerging or smaller companies to which a higher
investment risk tends to be attached than to larger or more established companies. AIM
securities are not admitted to the official list of the United Kingdom’s Financial Conduct
Authority.
A prospective investor should be aware of the risks of investing in such companies and
should make the decision to invest only after careful consideration and, if appropriate,
consultation with an independent financial adviser.
Each AIM company is required pursuant to the AIM Rules for Companies to have a
nominated adviser. The nominated adviser is required to make a declaration to the
London Stock Exchange on admission in the form set out in Schedule Two to the AIM
Rules for Nominated Advisers.
The London Stock Exchange has not itself examined or approved the contents of this
document.”;
(f) where rule 7 applies, a statement that its related parties and applicable employees have
agreed not to dispose of any interests in any of its AIM securities for a period of twelve
months from the admission of its securities;
(g) the following information relating to each director and each proposed director:
(i) the director’s full name and age together with any previous names;
(ii) the names of all companies and partnerships of which the director has been a
director or partner at any time in the previous five years, indicating whether or not
the director is still a director or partner;
(iii) any unspent convictions in relation to indictable offences;
(iv) details of any bankruptcies or individual voluntary arrangements of such director;