Alternative investment market (AIM) meaning

In this issue: Highlights and materials Regulation and licensing of electricity and gas markets Networks and grid connections Renewables Conventional generation, energy-from-waste, biomass, and CHP schemes Planning considerations for energy projects Energy litigation and disputes Air pollution, efficiency, and climate change Global energy Fresh and revised content Diary dates Trackers Energy resources on Lexis+® Daily and weekly news briefings Key developments and materials Industry and Regulators Committee launches inquiry into regulators and economic growth The House of Lords Industry and Regulators Committee has opened an inquiry into how UK regulators interact with economic growth, reflecting the government’s aim for bodies such as Ofgem, Ofwat and Ofcom to bolster investment, encourage innovation and raise productivity across the economy. This examination follows the 2024 decision to extend the statutory ‘Growth Duty’ in the Deregulation Act 2015 to these principal economic regulators. It will assess how Ofgem and its counterparts interpret and...

Private Client England & Wales glossary A Abatement When, after settling the deceased’s funeral costs, debts and liabilities, the remaining estate cannot satisfy all legacies in full, the gifts are reduced accordingly, unless the Will shows a different intention. In a solvent estate, the order for reduction appears in Part II of Schedule 1 to the Administration of Estates Act 1925. Refer to Practice Note: Payment of legacies. Accruals basis Where income is taxed on an accruals basis, it is attributed to a given tax year by reference to the number of days within that year during which the activity giving rise to the liability accrued. See Practice Note: What is the basis of income tax?. Accumulation and maintenance (A&M) trust A form of non‑interest in possession trust designed to benefit children and young people up to 25, which received favourable inheritance tax treatment between 1975 and 2006. See Practice Note: Accumulation and maintenance trusts—IHT [Archived]. Accredited Legal Representative (ALR) ...

Post general meeting (including AGM) actions and procedures This guide outlines an indicative checklist of the principal actions for a company secretary (or other company administrator) after a general meeting or annual general meeting (AGM). It cross-refers to Companies Act 2006 (CA 2006) provisions that apply to meetings of all companies, and, where relevant, to further obligations under the UK Listing Rules, Alternative Investment Market (AIM) Rules and the UK Corporate Governance Code for listed and AIM companies. For more detail on the steps involved, see Practice Note: Post general meeting (including AGM) actions and procedures. The precise formalities vary by company type (private limited company, public limited company, listed company or AIM company) and commonly include: drafting the minutes of the meeting updating or amending the company’s statutory registers and records making requisite filings (with the Registrar of Companies or regulators such as the Financial Conduct Authority (FCA)) issuing any necessary market announcements publishing information on the company’s website ...

A AIM A market for securities run by London Stock Exchange plc, featuring lighter admission criteria and ongoing obligations than the main regulated markets. Formerly the Alternative Investment Market, it is now referred to simply as AIM. AIM company A company with a class of its shares traded on AIM. Acquisition accounting An accounting method whereby the acquirer recognises the acquired assets and liabilities on its balance sheet at the acquisition date, with any difference between the consideration paid and the fair value of the net assets acquired recorded as purchased goodwill. Allotment Shares are treated as allotted when a person obtains the unconditional right to be entered in the company’s register of members in respect of those shares (Companies Act 2006, s 558). Allotment is then followed by the issue of the shares. Allotment authority The authority under CA 2006, ss 549–551 enabling the directors to allot shares in the company, or to grant rights to subscribe for, or...