The International Stock Exchange (TISE) has introduced Channel Islands and Isle of Man segments of its Official List.
The market segments have been launched to boost the profile of TISE-listed trading companies operating from the Channel Islands and the Isle of Man.
Fiona Le Poidevin, CEO of The International Stock Exchange Group (TISEG), said: “The introduction of these segments means companies from the Channel Islands and the Isle of Man can access growth capital through a cost-effective and convenient listing on our international exchange, while also retaining their local identity and raising their visibility among investors, especially those seeking to invest into particular regions.”
Companies are eligible for inclusion on the Channel Islands or Isle of Man segments if they are trading companies listed under Chapter 6 of the listing rules, and they have operational control and their principal place of business in the respective jurisdiction(s).
The Channel Islands segment currently includes investment manager Ravenscroft, Guernsey-headquartered property developer Raven Russia and financial services business PraxisIFM Group.
There are no companies yet on the Isle of Man segment. TISE launched its presence in the Isle of Man in early March and Carolyn Gelling starts today as Head of Isle of Man Office.
TISE reports that during the first four months of the year there have been 228 securities listed on the exchange – 101 (80 per cent) more than the same time in 2016.