AIM-listed technology company SafeCharge International Group has relocated from the British Virgin Islands to Guernsey.
The company, which was floated on AIM in April 2014, raising $125 million, now regularly ranks in the FTSE AIM 100. At the time of migration it was capitalised at around £400 million.
SafeCharge is an international provider of payments services, technologies and risk management solutions, with operations in the UK and Europe.
SafeCharge's decision to move to Guernsey was motivated by several factors, one of those being Guernsey's reputation as a base for a number of funds and companies which are listed on the London Stock Exchange. The company also viewed Guernsey as well-positioned for it to make a potential move to the Main Market in the future.
This is bolstered by the fact that Guernsey companies benefit from The City Code on Takeovers and Mergers, which provides greater protection to shareholders. Its domicile in Guernsey will enable the company to enjoy greater exposure to potential investors thereby facilitating liquidity in its shares.
SafeCharge was advised on the move by Collas Crill, led by Partner Sean Cheong, assisted by Senior Associate Gareth Morgan and Associate Simon Heggs.