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Publisher one

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Source file

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

💶 Placing agreement

Business activity

Admit to AIM

Why use a 💶 Placing agreement?

A placing agreement is a contract between a company and an individual or organization that allows the company to sell its shares to the individual or organization. The agreement sets out the terms and conditions under which the shares will be sold, and the price at which they will be sold.

The legal template for an AIM Placing Agreement under UK law is a comprehensive document that outlines the terms and conditions for a private placement of securities on the Alternative Investment Market (AIM) in the United Kingdom. AIM, operated by the London Stock Exchange, provides a platform for small and medium-sized enterprises to raise capital by issuing shares to investors.

This template serves as a framework for both the issuing company and the investor(s) to enter into a formal agreement regarding the private placement. The document covers various essential aspects such as the number and type of securities being offered, pricing and payment terms, delivery of the securities, representations and warranties, as well as any relevant closing conditions and obligations.

The AIM Placing Agreement under UK law template also includes clauses addressing regulatory compliance specific to AIM-listed companies, such as adherence to the AIM Rules for Companies and other legal requirements. Additionally, it may detail provisions related to confidentiality, indemnification, termination, and dispute resolution mechanisms.

By using this legal template, both the issuing company and the investors can ensure that their rights and obligations are properly defined, reducing potential disputes and legal uncertainties. However, it is important to note that this template should be adapted to fit the specific circumstances of the parties involved and should be reviewed by legal professionals to ensure compliance with applicable laws and regulations.

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