Listing Conditions – Scientific
Research Based Company
Checklist
Name of Company
Nature of Transaction
Name of Sponsor
Date submitted
Listing Rule
Requirement
3.2.1(1)
Duly incorporated
3.2.1(2)
Operating in conformity
with constitution
3.2.2(1)
Conforms with law of place
of constitution
3.2.2(2)
Duly authorised
3.2.2(3)
Statutory and other consents
3.2.3
Admitted on RIE
3.2.4(1)
Freely transferable
3.2.4(2)
Fully paid
3.2.7(1)
Minimum market capitalisation
3.2.9(1)
Whole class to be listed
3.2.10(2)(a)
Prospectus approved by
FSA and published
3.2.10(1)(b)
Other EEA home member
state documentation
3.2.12(1)
Convertible into listed
securities
3.2.12(2)
Convertible into recognised
market securities
3.2.14
Warrants or options to
subscribe
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Proof
number
Comment
(where applicable)
Irish Stock Exchange – Listing Conditions – Scientific Research Based Company Checklist
Listing Rule
Requirement
3.3.3(1)(b)
Six month rule
3.3.3(1)(c)
Accounts consolidated
3.3.3(1)(d)
EEA State accounting
standards or equivalent
3.3.3(1)(e)
Audited without modification
3.3.3(2)(a)
Independent auditors
3.3.3(2)(b)
Auditors confirmation
3.3.12(1)
Demonstrate ability to attract
funds from sophisticated
investors
3.3.12(2)
Raising at least £10m
3.3.12(3)
Market cap before fundraising
of £20m
3.3.12(4)
Use finance to bring identified
product to revenue generating
stage
3.3.12(5)
Demonstrate that it has three
year record of operations in
laboratory research and
development including:
(a)
details of patents
granted or details of
progress of patent
applications; and
(b)
successful completion
of, or the successful
progression of,
significant testing of
the effectiveness of its
products
3.3.16
Working capital
3.3.19
Shares in public hands
3.3.22
Warrants limited to 20%
3.3.23
Eligible for electronic
settlement
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Comment
(where applicable)
Irish Stock Exchange – Listing Conditions – Scientific Research Based Company Checklist
Listing Rule
Requirement
Page
Proof
number
Comment
(where applicable)
If a scientific research based
company seeks a listing on
the Irish Stock Exchange
only (and not a dual primary
listing), the following
additional conditions apply:
3.4.3
Appropriate expertise and
experience of directors
3.4.4
Directors free of conflicts
between duties to the
company and private interests
or other duties
3.4.5
Controlling shareholder
Non-applicability Confirmation
We inform you that items marked ‘N/A’ in the Page column of the above checklist are considered
not applicable and no equivalent information is available.
Signed by
on behalf of
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