Ann: Rule Symposium Presentation, page-12

Just to add a little further context the BTs post. On AIM each trade/transaction required a capital derogation test (Google it) which basically meant MTRs entire business was been carried out with one hand tied behind its back. I recall them missing out on an extremely cheap GGP entity price because of this.

Something else of note for the ex UK holders is the cancellation of AIM and the end of the nomad format mean shareholders have any less protection. This was something I sort out directly as was a major concern of mine at the time.