Guernsey has more non-UK entities listed on the London Stock Exchange (LSE) than any other
jurisdiction globally, according to new figures from the market
LSE data shows that at the end of December 2014 there were 122
Guernsey-incorporated entities listed on the Main Market, the
Alternative Investment Market (AIM) and the Specialist Fund Market
This is significantly more non-UK entities than any other
jurisdiction, with Guernsey trailed by Jersey (92), Isle of Man
(54), Ireland (53), Cayman (50), BVI (44), Bermuda (41), Russia
(33), US (32) and India (31).
Guernsey added 13 new entities to the LSE markets during last
year, which is also more than any other jurisdiction except the
Dominic Wheatley, Chief Executive of Guernsey Finance - the
promotional agency for the Island's finance industry, said:
"During 2014 Guernsey not only became home to more new non-UK
listings than any other jurisdiction but there were also some
particularly notable listings across all three markets of the
"Guernsey listings on the Main Market included two
renewable energy funds; the Island provided the largest listing of
the year on AIM; and our listings on SFM included two debt funds,
which is a particularly popular asset class at the moment.
"This further enhances our position as the leading
jurisdiction for non-UK LSE listings, particularly investment
funds. It also reaffirms the high regard in which the Island's
infrastructure and expertise is held by professional advisers in
the City of London and beyond."
Guernsey entities listed on the LSE during 2014 included the
Main Market John Laing Environmental Asset Group and NextEnergy
Solar Fund, both renewable energy focused entities, and
Schroders' European Real Estate Investment Trust.
Real estate was also the focus of the largest AIM listing during
2014. Guernsey-incorporated Market Tech Holdings Limited combined a
£750 million initial public offering (IPO) with an
oversubscribed placing which raised £100 million before
expenses. Market Tech is majority owned by Israeli
entrepreneur Teddy Sagi and combines a total of 11 acres of real
estate assets in London's Camden Town under single
Guernsey listings on the SFM during last year included the debt
focused Fair Oaks Income Fund and the NB Distressed Debt Investment
Fund. The fund from Neuberger Berman adds to their existing
Guernsey-incorporated NB Private Equity Partners Limited which, at
£787 million, is the largest entity on the SFM by market
Figures from the LSE show that Guernsey (70) has the largest
number of non-UK entities listed on the Main Market of the LSE, 37
entities listed on AIM including the largest listing of 2014; and
the Island is home to 15 of the 22 entities listed on SFM.
In addition, Guernsey (73) is the clear market leader in terms
of the number of 'Equity Investment Instruments' - the
majority of investment funds - listed on the LSE, followed by
Jersey (18) and Cayman (14).
Mr Wheatley said: "Guernsey is the jurisdiction of choice
for listings on the LSE. However, companies incorporated in
Guernsey can also list on the local Channel Islands Securities Exchange (CISE),
Euronext, markets in Australia, Johannesburg, Toronto and
Frankfurt, as well as the Hong Kong Stock Exchange (HKEx), among
many other exchanges around the world. This means that Guernsey
provides an ideal gateway to global capital markets."
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