Guernsey remains home to more non-UK entities listed on the
London Stock Exchange (LSE) than any other jurisdiction globally,
according to figures from the market authority.
LSE data shows that at the end of December 2015 there were 129
Guernsey-incorporated entities listed on the Main Market, AIM and
the Specialist Fund Market (SFM) - an increase of seven over the
past 12 months.
This is significantly more than the major economic powers of
Russia (31), the United States (30), India (28), Australia (26),
South Africa (7), Germany (5), China (4) and France (3). It was
also well ahead of centres such as Jersey (93), Ireland (54), the
Isle of Man (54), the BVI (43), Cayman (42) and Bermuda (36). These
are trailed by Luxembourg (9), Gibraltar (7) and Malta (1).
Guernsey added 16 new entities to the LSE markets during 2015,
which is also more than any other jurisdiction except the UK.
"These figures demonstrate that Guernsey remains the
jurisdiction of choice for entities listing on the London Stock
Exchange," said Dominic Wheatley, Chief Executive of Guernsey
"Having so many companies and securities on the exchange
incorporated in Guernsey emphasises the significant expertise we
have in the Island for London listings. The fact that Guernsey has
been responsible for adding 16 new entities during 2015, which is
double the number of our nearest competitor outside the UK, also
reaffirms the high regard in which Guernsey's infrastructure
and expertise continues to be held by professional advisers in the
City of London and beyond."
Guernsey entities listed on the LSE during 2015 included the
largest SFM listing of 2015. Tetragon Financial Group Limited (TFG)
was admitted to trading on the SFM with net assets of approximately
US$2 billion. TFG's investment portfolio comprises a broad
range of assets, including an asset-management business, and covers
bank loans, real estate, equities, credit, convertible bonds and
Guernsey's emergence as a location for fintech was
demonstrated by peer-to-peer lender Funding Circle's small
business investment trust listing on the Main Market in November.
The Funding Circle SME Income fund listed after raising £150
million from a group of institutional investors and will focus on
loans to small businesses in the UK, US and Europe.
Other Guernsey listings on the Main Market during 2015 included
the Sequoia Economic Infrastructure Income Fund Limited, real
estate fund Regional REIT Limited and Apax Partners'
closed-ended collective investment scheme Apax Global Alpha, which
gives public equities investors access to Apax funds for the first
time but also invests in public and private debt and equity deals
that do not meet the remit of Apax Partners buyout funds.
In total, Guernsey (74) has the largest number of non-UK
entities listed on the Main Market of the LSE, 37 entities listed
on AIM and the Island is home to 18 of the 29 entities listed on
In addition, Guernsey (77) is the clear market leader in terms
of the number of non-UK 'Equity Investment Instruments' -
the majority of investment funds - listed on the LSE.
Mr Wheatley said: "One of Guernsey's key strengths in
facilitating global investment is the ability for
Guernsey-incorporated entities to quickly and easily access a wide
range of international capital markets. In addition to the LSE,
companies incorporated in Guernsey can also list on other global
exchanges including Euronext and markets in Australia,
Johannesburg, Toronto, Frankfurt, New York and Hong Kong, as well
as the local Channel Islands Securities Exchange (CISE)."
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