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Nominated Advisors

A Nominated Advisor is essential for companies listing on the EGM market segment, dedicated to SMEs and start-ups. They act as key consultants, helping companies meet issuance and listing requirements. For start-ups, Nominated Advisors assist in turning business ideas into reality and organizing the company. Appointed for the duration of the listing, they ensure investor protection through sound financial management and guide issuers toward a Main Investment Market Segment (MIMS) listing. Companies cannot list on the EGM without a Nominated Advisor.

Requirement to list on the EGM

 

Requirement

Details

Incorporation

Must be incorporated as a public company under the Companies Act 2002

Minimum Capital

No minimum capital required

Track Record

No minimum track record required

Profitability History

No minimum profitability history required

Promoter Exit Restrictions

Promoters of companies with no track record cannot exit for three years from listing

Nominated Advisor

Must appoint a Nominated Advisor for the duration of its listing on EGM

Business Plan and Feasibility Report

Must have a 5-year business plan and an independent technical feasibility report prepared by the Nominated Advisor

Minimum Shareholders

Must have a minimum of 300 shareholders

Public Shareholding

Public shareholding should be at least 20% of the issued shares

Prospectus

Must prepare a Prospectus to be approved by the CMSA

Abridged Prospectus

Must publish an abridged Prospectus in the press

Audit Committee

Must have Audit Committees as per the CMSA Guidelines on Corporate Governance 2002

Corporate Governance

The Memorandum and Articles of Association must provide for the observance of good corporate governance

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