There were 229 new listings on the Channel Islands Securities
Exchange (CISE) during the first half of 2016.
This is a rise of 13% on the same period last year and took the
number of listed securities on the Official List to 2,222 at the
end of June 2016.
CISE Chief Executive Fiona Le Poidevin said: "I'm
delighted that once again we have seen significant growth in new
listings. It is very noticeable that we are seeing increased
diversification in the geographical origin of our business. An
increasing proportion of new work is coming from further afield and
we expect that trend to continue as we raise the profile and
visibility of the CISE around the world.
"We are also seeing increased diversification in the types
of new business. For example, a growing number of companies with
equity quoted on the LSE are choosing to list convertible debt on
the CISE due to our convenient and cost effective offering.
"Overall, I'm very pleased by our activity levels
during the first half of the year, which culminated in our own
listing on the Exchange."
The period saw the Group's parent company, The Channel
Islands Securities Exchange Limited, admitted to the Official List
of the Exchange operated and regulated by its wholly owned
subsidiary, The Channel Islands Securities Exchange Authority
In addition, property company Raven Russia listed on the CISE,
adding to its quotation on the London Stock Exchange (LSE). It is a
Guernsey registered company specialising in commercial real estate
in Russia and in May its ordinary shares, preference shares and
warrants became dual listed. In July, the company's new
convertible redeemable preference shares were also admitted to
listing on the CISE and are traded on the SETSqx platform of the
The CISE's strong performance through the start of the year
has helped it win an award. It has been named Most Outstanding
Independent Stock Exchange in the Corporate Livewire Offshore
Excellence Awards 2016. Mrs Le Poidevin added: "It's
fantastic to win this award, which recognises the contribution made
by all our staff and our 40 Listing and Trading Members in the
ongoing success of the business."
Observing a recent discussion between the children of a successful entrepreneur, I was reminded once again of the potential impact of family members being provided with differing information about the family enterprise.
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