QCA: AIM rule 26: an opportunity not a threat
QCA logo for press releases (use this one!)
Monday, 21, Jan 2008 12:00
AIM companies have once again been put on alert following news that the London Stock Exchange (LSE) has fined nine companies £95,000 for failing to have a Rule 26 compliant website.
In light of the fines, the Quoted Companies Alliance (QCA), the organisation dedicated to protecting the interests of smaller quoted companies, has urged all AIM-listed businesses to take a regular look at their websites to ensure that they still comply. The QCA, which has published the highly regarded AIM Website Guide, is also encouraging companies to make the most of their website to help attract investors.
John Pierce, chief executive of the QCA, said: “Companies can be fined up to £50,000 for breaking Rule 26, so it is vital that they take good advice and keep all details updated regularly.
“However, this shouldn’t be seen as a burden. The best websites are not only compliant, but are integral as a method of encouraging investment. AIM companies have a real opportunity to market themselves through their website.”
Ends
Press contact: Sarah Lindgreen @ MC2 (0161 236 1352)
Notes to editors
The Quoted Companies Alliance (QCA) is the only organisation dedicated solely to fighting for the interests of small and mid-cap companies in one of the most important sectors of the UK economy - the thousands of companies outside the FTSE 350 on the Main Market, including those companies on AIM and the PLUS markets. Its members also include companies seeking admission to a UK equity market, either the Main Market (ex FTSE 350), AIM or the PLUS markets. The QCA promotes the interests and views of its members to Government, Europe, regulators and other professional bodies, educates its members on best practices and provides a vital forum for networking. The QCA forms its views through highly focused committees and working groups comprising senior representatives from across the smaller quoted companies sector.
The smaller quoted company (SQC) sector is characterised by companies who have the following common features, when compared to those companies in the FTSE 350:
A lower level of resources, in terms of both management resource and finances
A narrower shareholder base and lower profile with investors
The key objectives of the Quoted Companies Alliance are to benefit the SQC sector through:
Lobbying the Government, Brussels and other regulators to reduce the costly and time consuming burden of regulation, which falls disproportionately on smaller quoted companies.
Promoting the SQC sector, taking steps to increase investor interest and improve shareholder liquidity for companies in it.
Educating companies in the sector about best practice in areas such as corporate governance, investor relations and employee share schemes.
Providing a forum for smaller quoted company directors to network and discuss solutions to topical issues with their peer group, sector professionals and influential City figures.
The QCA is committed to the continuance of vibrant quoted company markets and believes that the sector has a vital part to play in determining the future health of the UK economy.
Contact:
John Pierce, Chief Executive, Quoted Companies Alliance, 6 Kinghorn Street, London EC1A 7HW - Telephone: 020 7600 3745
Disclaimer:
Press releases published on this page are from key opinion formers who promote their
organisation's activities by subscribing to a campaign site within politics.co.uk.
politics.co.uk does not endorse, edit, or attempt to balance the opinions expressed
on this page. The content of press releases are wholly the responsibility of the
originating company or organisation.