Listing fees are calculated on the market capitalisation of the quoted security using a sliding scale.
Initial Listing Fees
The application fee is paid at the time the initial application for listing is made of the primary securities. This is a once off fee.
Annual Listing Fees
Annual fees are payable each year. In a full year they are calculated on a 1st July to 30 June basis. In the first year of listing they are calculated on a pro-rata basis.
Subsequent Listing Fees
Additional fees are required to be paid when newly issued or restricted securities are to be quoted.
Administration Fees
General administration fees may apply in some circumstances. These are determined on a case-by-case base and fully quoted before work is performed. Administration fees can be credited towards the application fee.
The SIM VSE listing fee calculator can provide you with an indication of the fees applicable to your listing. Some exceptions to the schedule presented in the calculator exist and so it is recommended that for full details of all SIM VSE fees and charges please refer to the Listing Fees Guidance Note.
When considering the complete cost of listing, a company should consider non SIM VSE costs such as the following:
CHESS Fees
Access to the ASTC CHESS facility incurs a fee. These are listed in the examples above. In addition CHESS charges fees on the movement in holdings at its standard schedule of rates and are billed direct to the issuer or broker.
Corporate Advisors
The amount and format of these fees is up to the issuer and Adviser to negotiate. The SIM VSE does not become involved in these negotiations.
Share Registry Fees
A share registry must be appointed that is able to connect to CHESS. Share Registries charge a fee for this service.
Legal Services, Accounting Services and Experts Reports
Fees are payable direct to these service providers.
