What must happen before a company can finalize its admission to AIM?

Before a company can finalize its admission to AIM (the Alternative Investment Market), it is essential to provide a pre-admission announcement. This announcement serves several crucial functions. It informs potential investors and the public about the company's intention to float its shares, the intended timing of the admission, key details about the business, and, importantly, the rationale behind the admission. This transparency helps to ensure that all interested parties are aware of the company's plans and can adequately assess the opportunity.

A pre-admission announcement also aligns with the regulatory requirements set forth by the London Stock Exchange, ensuring that the market operates with the necessary information available to investors, thereby promoting fairness and efficiency in the market. This requirement underscores the importance of communication and disclosure in the process of capital raising and listing on AIM.

Other options, while they may be involved in the overall process of preparing for admission or necessary for company operations, do not specifically fulfill the regulatory requirement needed to finalize admission to AIM.