Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

21197

CISE lists on its own Exchange

RELATED TOPICS​

The Channel Islands Securities Exchange Limited (CISE) listed on its own Exchange. The CISE is the parent company of The Channel Islands Securities Exchange Authority Limited (CISEA), which owns and operates the Exchange. 

The company has not raised any additional capital but has been admitted by way of introduction of the existing 2,461,000 ordinary shares.

Jon Moulton (pictured), Chairman of the CISE, says: “By listing its shares, the company is demonstrating to shareholders and any future investor that it is willing to follow the Listing Rules of CISEA and adhere to its own required standards of transparency and governance.

“At present there is a limited market for the shares but it is envisaged that the listing may also provide enhanced liquidity, enabling shareholders to join in our success and with the ability to crystallise the value of their investment at a point in the future.”

Following admission, the company’s shares may be traded through the Trading Members of the Exchange; in particular, Ravenscroft Limited and Canaccord Genuity Wealth (International) Limited have indicated that they will facilitate such trades.

The shares have also been enabled for the paperless settlement system, CREST. This means that settlement of transactions in the shares may take place within CREST if any shareholder so wishes. 

Anson Registrars Limited has been appointed as the company’s registrar.

Fiona Le Poidevin, Chief Executive of the CISE, says: “I am delighted that the company has listed. This is a significant milestone in our development and one which raises and broadens the Group’s profile globally.

“It also assists with further strengthening the corporate governance of the Group and we believe that this sets an example which other companies can follow.”

Bedell Cristin Guernsey acted as legal advisers to the introduction and Bedell Channel Islands Limited is acting as Listing Sponsor. 

Latest News

DWS has announced the latest development in its strategic growth push in Alternative Credit with..
According to the latest ESG data from PwC Luxembourg finds that investment flows towards EU..
Solactive and private equity data provider CEPRES have established a new partnership for to introduce..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by