In February 2007 the London Stock Exchange (LSE) introduced new rules for companies whose shares are traded on the Alternative Investment Market (AIM), notably Rule 26 which requires listing corporate information.
AIM Rule 26 requires all AIM-listed companies to maintain a web site displaying the details of a company’s management, corporate governance, and financial information, among other particulars. They had until August 2007 to comply. Here’s an example of the implementation.
The reason this should sound familiar to South African entities is that the requirements are almost exactly that of the Promotion of Access to Information Act, 2000. Now we have our own Alt-X and we have our own regulations on disclosure, company info and governance.
Want to see a company listed on AIM and Alt-X, and how they disclose? Pan African Resources.