How to carry out a verification exercise


Published by a ÑÇÖÞÉ«ÇéÍø Corporate expert
Practice notes

How to carry out a verification exercise


Published by a ÑÇÖÞÉ«ÇéÍø Corporate expert

Practice notes
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This short guide provides practical guidance on how to carry out a verification exercise on a prospectus or AIM admission document prepared in connection with the admission of a company’s shares to trading on the main market of the London Stock Exchange (Main Market) or to trading on AIM.

This guide refers to verification of a prospectus and admission document. Other communications made by the company in the context of an IPO or secondary offer will also need to be verified, such as investor presentations and press announcements, although the information in these documents should in any case be consistent with the prospectus/admission document.

For more information on verification, see Practice Note: Admission to AIM—due diligence and verification and for example verification notes, see Precedents: Skeleton verification notes—AIM and Skeleton verification notes—secondary offers.

What is verification?

Verification is an important but time consuming process which involves checking each statement made in a prospectus or admission document in order to protect those who have responsibility for the document from civil and criminal liability.

All statements of fact

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United Kingdom
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