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Rule 26 deadline: 10% of FTSE AIM 100 companies still not compliant
21/08/2007
Some ten percent of the largest 100 companies quoted on the London Stock Exchange’s Alternative Investment Market (AIM) are not complying with Rule 26 website disclosure requirements even after the passing of the August 20th deadline, according to an audit conducted by Investis Ltd., Europe’s leading online corporate communications specialist.
The survey, carried out by Investis on August 20th, showed that ten of the Top 100 companies met less than 50% of the compliance criteria.
While a minority of companies were still not compliant, the survey showed that 50 companies had reached a compliance score of 95% or over while 80 companies managed a score of 80% or over. This represents a material increase over the same audit conducted four weeks ago when only six of the largest 100 AIM companies scored 95% or above.
“We have seen a marked improvement and the numbers show that companies are taking compliance seriously, although for many there is still some way to go,” said Al Loehnis, a director at Investis.
Rule 26, part of the London Stock Exchange’s revised AIM
Rules for Companies – a set of regulatory requirements which
must be met by all companies quoted on the AIM market –
stipulates that all AIM companies must have a website within which
they maintain specific information. For more details on this ruling
please visit
http://www.investis.com/investis/services/aimrule26/checklist
For more information about the contents and findings of the
report, please contact Caroline Surujpaul on +44 (0)20 7038 9058 or
email
caroline@investis.com
About Investis
Investis are the leading specialists in helping quoted companies
use the Internet for online corporate communications. Our services
range from designing, building, hosting and managing corporate and
investor websites including full compliance AIM modules, to online
annual reports and webcasting.
We work with over 400 companies in 11 European countries, from the
smallest companies to the largest, including more than 50% of the
FTSE 100 and 30% of the FTSE Eurotop 300 and over 100 AIM-quoted
companies.
T. +44 (0)20 7038 9023
F. +44 (0)20 7038 9001
E. enquiries@investis.com
Recruitment:
T. +44 (0)20 7038 9000
E. recruitment@investis.com
For all our contact details visit Contact us.
