Ninety companies switch to AIM

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The Independent Online
Ninety companies switch to AIM

Ninety-one companies will have joined the Alternative Investment Market by Monday following the Stock Exchange's deadline for the transfer of Rule 4.2 companies to AIM. In three months AIM has attracted 80 companies from the 4.2 facility and 11 new entrants, including pounds 22.5m of new money. Around 200 to 300 small companies traded on the 4.2 facility. Those that cannot afford the pounds 25,000 or so to get onto AIM can move to Ofex, an unregulated deal matching system, for pounds 2,500, or stay on 4.2 and remain untraded.

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