SIM VSE is the holder of an Australian Market License ("AML") granted under the Australian Corporations Act 2001
SIM VSE's primary aim is to develop a comprehensive licensed equity market place to service issuers, intermediaries and investors in the Cleantech sector with an attractive, efficient and well-regulated electronic marketplace in which to raise capital and fulfil investment and trading requirements.
A stock exchange focused sharply on these sectors, this exchange is a unique evolution for the Australian and Global financial markets. SIM VSE is tailored to meet the specific needs of the companies with a cleantech or innovation focus in a range of industries.
Our SIM VSE team will endeavour to provide a level of service such that the listed entity should associate the SIM VSE mark on their website as a partner in innovation. The SIM VSE listing venue as a growing hub for innovation.
Deciding whether to list your company on an exchange is an important decision. There are many factors that need to be examined when preparing a company for listing. Before embarking on listing you should consider whether your company has:
As part of reaching an informed decision about whether it is appropriate and feasible to list a company, a considerable amount of work is required and the impact upon the company must be carefully considered.
Please make contact with SIM VSE if you'd like to discuss listing a company.
Listing of a company means the admission of its shares to the official list of the SIM VSE stock exchange through a formal agreement, making the shares publicly available for trading. A primary objective of admission to the exchange is typically to provide better liquidity to its shareholders, but becoming a listed entity may also provide other benefits including a more efficient means to attract and access additional capital.
A company may be looking to raise new capital in addition to the process of listing its shares on the exchange. Under the IPO process, the company will issue a prospectus and raise capital using that document. For the SIM VSE market the prospectus will state that the securities are to be listed on SIM VSE. All documentation must be given to the SIM VSE within seven (7) days of lodging the prospectus with ASIC. On successful completion of the prospectus and submission of required documentation, the securities can begin trading on SIM VSE.
Alternatively, the company may be fully funded but want to list on the stock exchange to take advantage of the benefits of becoming a listed company which may include:
This type of listing, where no new capital is raised as part of the listing process is called a Compliance Listing. Under a Compliance Listing, a company may list securities on SIM VSE if those securities meet the criteria for listing without raising new capital as part of the process.
This is potentially the most time effective and cost effective means to achieve listed status . Issuers seeking a compliance listing should not have raised capital at least three (3) months before listing and may not raise capital three (3) months after listing.
To list on SIM VSE a company needs to satisfy the requirements of the SIM VSE Listing Rules. The SIM VSE Listing Rules have been developed specifically for the SIM VSE market place with the underlying level of regulation required under the corporation's law 2001. By law the SIM VSE market must meet the regulatory requirements of the Australian Securities and Investments Commission (ASIC) and under the Corporations Act.
The following table summarises some of the key criteria a company will need to meet to be eligible for listing:
|Number of Shareholders||Company size|
Minimum 50 investors @ A$2,000
A minimum of 25% held by unrelated parties
A$0.5 million net profit over past 3 years or
A$0.5 million Net Tangible Assets or
A$1 million market capitalisation on listing
The advice of professional advisors may be required to assist the company in making an informed decision about whether to list, the preparation of the company for listing and providing assistance to the company after listing with meeting ongoing listing requirements.
A company wishing to list its securities on the SIM VSE Official List must issue either a Prospectus or an Information Memorandum that complies with the relevant provisions of the Australian Corporations Act 2001.
The listing process can be divided into four stages: