STOP PRESS: A significant restructuring of the UK listing regime came into effect on 29 July 2024 which included the removal of the premium and standard listing segments and the creation of a single listing category for equity shares in commercial companies. The commercial companies category is heavily disclosure-based and sits alongside other listing categories such as the shell companies, secondary listing and closed ended investment fund categories.  A new UK Listing Rules sourcebook came into force to implement the changes and the previous Listing Rules sourcebook was revoked. For further information see Practice Note: Reform of the UK listing regime—fundamentals. This Practice Note reflects the listing regime prior to 29 July 2024.

This Practice Note focuses on transferring a company from AIM to the main market for listed securities (Main Market) of the London Stock Exchange (LSE), the advantages and disadvantages and the procedure involved.

When a company admitted to trading on AIM takes the decision to transfer to the Main Market it will need to consider various matters:

1. •

   the advantages and disadvantages