Head of AIM is seminar special guest
26th June 2015
THE Head of AIM - the London Stock Exchange's growth market – visited the Newcastle office of Ward Hadaway to spread the word about the exchange's 20th anniversary.
Marcus Stuttard (pictured) was the special guest at the law firm’s seminar marking AIM’s 20th birthday and outlining options for North East companies considering a flotation on the market.
AIM was established in 1995 as a platform for smaller and fast-growing companies to list on the stock market and raise funds for expansion.
Since then, over 3,600 companies have joined AIM and more than £92bn has been raised on the market.
Ward Hadaway has played a key role in North East companies’ involvement with AIM.
The firm has acted for clients who have raised well in excess of £300m on the market and has been involved in more than half of the North East company floats handled by local law firms, including the initial public offerings (IPOs) of Applied Graphene Materials, Zytronic and The Tanfield Group.
Ward Hadaway Corporate Partner Richard Butts, head of the firm’s Capital Markets Team, said: “It was terrific to be able to welcome Marcus and his colleague Mark Fahy to our seminar.
“Our involvement as a firm with AIM and with North East companies on the market goes back many years and this experience has proved invaluable when it comes to advising businesses on their options when it comes to raising funds via the capital markets.”
As well as looking back at the past 20 years of AIM, Marcus Stuttard also outlined AIM’s latest initiative – the Elite Programme, which aims to help businesses learn more about the processes involved in becoming a listed company and to tackle the challenge of scaling up their business.
Richard Butts said: “In many ways, the Elite Programme mirrors the kind of advice which we offer to companies in terms of how to go about becoming a listed company, the issues they face and the options available to them so this is an interesting development from AIM which will hopefully see more North East companies take the plunge and become plcs.”