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GXG Listings Process Step 1: Due Diligence and Pre-Admission Approval
The company meets with RST Capital, official broker dealer of the GXG UK Markets and submits initial two page client documentation and forms. This includes:
Executive Summary, Expose or Business Plan
Company Financials, Projections, and Budgets
Appointment Documentation of Broker Dealer RST Capital
A Completed Company Information Questionnaire for Issuing Companies (Included in RST Capital Due Diligence)
A Completed Director’s Questionnaire for each member of the Board (Including Director scanned passport and bill for anti-money laundering regulations in the UK)
At the end of this stage, the company represented by the GXG Listings Broker will be given notification by the Broker and Exchange whether their firm is eligible for listing. The pre-approval committee meeting is not mandatory; however, RST Capital’s team implements this as part of the process to ensure any new client is listed on the GXG. This process takes 1 week.
*If the listing is concurrent with financing or bond formations, a third party valuation will also begin on the Company.
GXG Listings Process Step 2: Acceptance on the Exchange and the GXG Listing on GXG Markets UK
The Company supplies GXG with any further or relevant information related to their committee questions.
In the event of Regulated Market listings, the Prospectus is submitted to the Exchange by the Broker Dealer RST Capital (and translated for the Danish FSA) at least 30 days prior to listing. For the MTF market, RST Capital can sponsor the Information Memorandum with its FSA regulated broker number and prepare information material where required for the GXG OTC List.
The Danish FSA and GXG Listings Committee admit for trading the firm.
The company is listed on a GXG UK.
GXG OTC Listings take 1-3 weeks to list, GXG MTF Listings can take 3-6 weeks with an Information Memorandum (without it is 1-3 weeks), and GXG Regulated listings are estimated at 3 months.
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