Nomad is an abbreviation for “nominated advisor”. This is a company that has been approved by the London Stock Exchange to act as a corporate finance advisor to companies that want to allow their shares to be traded on the AIM market.
A Nomad is responsible for advising and guiding a company on its responsibilities in relation to its admission to AIM as well as its continuing obligations once on market.
Every company on AIM needs to have a Nomad – if not its shares can no longer be traded.