Jersey fiduciary and administration solutions provider VG has launched its Jersey Cash Box structuring solution in response to recent market conditions.
VG Manager Ross Crick commented: “A Jersey Cash Box offers PLCs listed on the Main Market of London Stock Exchange or Alternative Investment Market an alternative financing tool to expedite and raise cash by issuing shares without the time and monetary restrictions of the pre-emption rights regime under the Companies Act 2006.
“Jersey has become a jurisdiction of choice for Cash Box transactions among our established onshore and offshore legal and tax network as Jersey Companies Law makes redemption of preference shares a quick and simple process.”
Claire Malkoun, Director of Business Development at VG, added: “When faced with a potential cash flow crisis, particularly given these unprecedented times, PLCs may need a fast, flexible way of raising capital to safeguard their businesses and staff.
"We now offer PLCs an integrated solution by providing all the company incorporation, administration and governance services they may require under Jersey law for a Cash Box transaction.”