《在伦敦证交所上市》PPT课件

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1、February2007在伦敦证交所上市Obtainingaquotationonthe:-主板theOfficialList-创业板AIMPREPAREDBYRICHARDNAISH提纲STRUCTUREOFTHISPRESENTATION什么是主板市场和创业板市场WhatistheOfficialListandwhatisAIM?主板和创业板的主要区别MaindifferencesbetweentheOfficialListandAIM首次公开募股的程序IPOprocess关于伟理宸WalkerMorris联系方式Contacts什么是主板市场和创业板市场WHATIS“OFFIC

2、IALLIST”ANDWHATIS“AIM”主板/主要市场是用来描述在伦敦证券交易所主要市场上市的专业术语“OfficialList”/“MainMarket”arethetermsusedtodescribealistingonthemainmarketoftheLondonStockExchange创业板是伦敦证券交易所专门向新创建的中小企业提供融资服务的金融市场。“AIM”isaseparatemarketoftheLondonStockExchangesometimesreferredtoasthe“juniormarket”对上市公司的标准和法定规格的要求较主板宽松许多Hi

3、gherstandardsandmoreprescriptiverulesapplytocompanies“listedontheOfficialList”(ascomparedtocompanies“quotedonAIM”)尽管证券咨询公司可能会如此建议，但资本总额少于5000万美元的公司并不适合在主板上市Companieswithamarketcapitalisationoflessthan$50millionare,possibly,“toosmall”fortheOfficialList–althoughadviseshouldbetakenfromacorporatefi

4、nancefirmonthis创业板的上市程序比主板简化很多ProcessofobtaininganOfficialListingismoretimeconsumingthananAIMquotation主要区别–上市标准MAINDIFFERENCES–SOMEOFTHE“ADMISSIONCRITERIA”条件Condition主板OfficialList/MainMarket创业板AIM在市场中的股本Marketcapitalisation至少70万英镑Minimumof£700,000forequity无底限Nominimum股东Shareholders社会公众最少持有25%的

5、股份Minimumof25%ofsharesmustbeheldin“public”hands对公众持股量无要求(但要求指定保荐人)Nominimumamounttobeheldin“public”handsundertherules(butthenominatedadviserislikelytorequireaminimum)Accounts账目通常要求过去三年的账目Lastthreeyearsgenerallyrequired过去三年或自公司(成立不足三年的)成立起至今的账目Lastthreeyearsor,ifless,solongasthecompanyhasbeenine

6、xistence经营记录Tradingrecord通常要求过去三年的经营记录Normallythreeyeartradingrecordrequired无要求Notradingrecordrequired运营资本Workingcapital基本相同Broadlysimilar基本相同Broadlysimilar上市文件Documents需经相关审查部门事先审查Priorvettingofdocumentsbytheregulators通常不需审查DocumentsarenotgenerallyapprovedbytheregulatorsMAINDIFFERENCES–SOMEOFT

7、HE“CONTINUINGOBLIGATIONS”义务Obligation主板OfficialList/MainMarket创业板AIM股东Shareholders社会公众最少持有25%的股份Minimumof25%ofsharesmustbeheldin“public”hands对公众持股量无要求Nominimumamounttobeheldin“public”hands进行股权交易的董事Directorsdealingsinshares基本相同Broa