1. A Top 100 Law Firmwww.dmhstallard.com CLEARING THE LEGAL HURDLES

2. www.dmhstallard.com DMH Stallard Experienced City Practice AIM specialists 28 Clients on AIM Acted on transactions for 30 listed companies in past 18 months 44 partners Office in London, Gatwick and Brighton

3. www.dmhstallard.com Clearing the Legal Hurdles Some basic corporate structuring What might need to change before flotation The different requirements of the main market and AIM? The admission document and the process of flotation What happens next?

4. www.dmhstallard.com Some basic corporate structuring Incorporation Public Company Status Share Capital Constitutional Documents

5. www.dmhstallard.com What may need to change before flotation Management and employee arrangements Existing funding Share schemes Pension schemes Intellectual property Contracts

6. www.dmhstallard.com The different requirements of the main market and AIM Number of shares to be in public hands Trading record Vetting of admission documents Sponsors and Nominated Advisers Market Capitalisation Shareholder Approval

7. www.dmhstallard.com The admission document and the process of flotation Brokers/Placing Agreement Presentation Admission Document Activities and Prospects Directors’ responsibilities Accountants Report/Working Capital Statement Risk Factors Statutory and General Information Verification

8. www.dmhstallard.com What happens next? General obligation of disclosure Reports and accounts Restrictions on dealing in shares/lock-in Substantial transactions Nominated Adviser Combined Code What happens if you break the rules!