Nominated Advisor (NOMAD)

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Definition of 'Nominated Advisor (NOMAD)'

A Nominated Advisor (NOMAD) is a firm that acts as a sponsor for a company that is planning to list its shares on the London Stock Exchange's Alternative Investment Market (AIM). The NOMAD is responsible for providing advice and guidance to the company throughout the listing process, and for ensuring that the company meets all of the listing requirements.

The NOMAD also has a duty to act in the best interests of the company's shareholders. This includes making sure that the company provides all of the necessary information to investors, and that the company's financial statements are accurate and up-to-date.

The NOMAD is also responsible for liaising with the London Stock Exchange on behalf of the company. This includes submitting the company's listing application, and providing the Exchange with any information that it requests.

The NOMAD is a key figure in the listing process, and its role is essential to ensuring that the company's listing is successful. By providing advice and guidance, and by acting in the best interests of the company's shareholders, the NOMAD helps to protect investors and to ensure that the London Stock Exchange maintains its high standards of corporate governance.

In addition to its role in the listing process, the NOMAD also has a number of ongoing responsibilities to the company. These include:

* Monitoring the company's financial performance and ensuring that it complies with all of the listing requirements.
* Providing advice to the company on corporate governance matters.
* Liaising with the company's shareholders and other stakeholders.
* Acting as a spokesperson for the company to the media and the investment community.

The NOMAD is a key figure in the governance of a company that is listed on the London Stock Exchange's AIM. Its role is essential to ensuring that the company meets all of the listing requirements, and that it acts in the best interests of its shareholders.

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