The Alternative Investment Market

AIM is the London Stock Exchange’s international market for smaller growing companies, ranging from young, venture capital-backed start-ups to well-established, mature businesses seeking to expand.

The Exchange’s objective in setting up AIM was to offer smaller companies (in the UK and abroad and from any sector) the opportunity to access London’s capital markets via market with a pragmatic and appropriate approach to regulation.

Since its launch in 1995, more than 2,500 companies have joined AIM - raising billions of pounds in the process, both through initial public offerings (IPOs) and further capital raisings. Many companies have subsequently transferred to the Exchange’s Main Market.

Many of the companies listed are offshore vehicles and the Isle of Man is the leading provider of these vehicles.

Simcocks

Simcocks Advocates Limited and Simcocks Trust Limited are associated firms dedicated to providing their clients with expert and responsive services in relation to the listing of Isle of Man incorporated company vehicles on AIM and providing ongoing corporate services to such companies. In many cases, Simcocks Advocates Limited and Simcocks Trust Limited act in both capacities. However, both are happy to work with other service providers established in the Isle of Man.

Why Use Simcocks Advocates?

Simcocks Advocates Limited is a leading Isle of Man law practice. Our Investment Funds and Capital Markets team has an international background and provides a wide range of services.

The team is a balanced mix of enthusiastic new recruits, experienced advocates and industry regarded experts. It has a proven record of working in partnership with leading law firms to effect international transactions for clients, including market listings.

Our experience in this field means we can give clients the expert and responsive service they need to enable matters to be concluded swiftly and effectively.

We offer a competitive service with all fee earners encouraged to take a realistic and commercial approach to addressing the needs of clients to ensure we add tangible value.

In a typical listing, we act in conjunction with the English legal advisers to the company and provide advice and assistance on all Isle of Man aspects of the transaction. Among other matters, we will draft or review and amend the Memorandum and Articles of the company; review the admission document to ensure compliance with Isle of Man law; review other documentation; and provide an Isle of Man legal opinion.

Post listing, we continue to act as required, including in relation to further fund raisings.

Transactions recently undertaken include the following:

Carpathian plc:
advising the company on its admission to AIM and subsequently on a further placing of shares. The company was formed to invest in retail properties such as shopping centres, supermarkets and retail warehouses in Central and Eastern Europe.
Dev Property Development plc:
advising the company on its admission to AIM. The company was formed to invest in commercial and certain residential real estate developments in India. Simcocks also advised on subsequent scheme of arrangement as part of which the shares were delisted.
Dragon-Ukrainian Properties & Development plc:
advising the company on its admission to AIM. The company was formed to invest in the development of new commercial properties and redevelopment of existing properties in the Ukraine.
Greenko Group plc:
advising the company on its migration from Luxembourg to the Isle of Man and its simultaneous admission to AIM. Greenko intends to become a leading owner and operator of clean energy projects in India.
Ishaan Real Estate plc:
advising the company on its admission to AIM. The company was formed to invest in foreign direct investment eligible Indian real estate development projects.
Treveria plc:
advising the company on its admission to AIM. The company was formed to invest in German commercial real estate, with a primary focus on retail assets.
Wichford:
advising the company on its admission to AIM and its subsequent admission to Main Market. Wichford is a property investment company with a portfolio focused on properties occupied by Central and State Government bodies in both the UK and Continental Europe.