Channel Islands Exchange Lists On Its Own Market
by Jason Gorringe, Lowtax.net, London
24 June, 2016
The owner and operator of the Channel Islands Securities Exchange has listed on its own market.
Jon Moulton, Chairman of Channel Islands Securities Exchange Limited (CISE), the parent company of the group that owns and operates the Exchange, said: "By listing its shares, the company is demonstrating to shareholders and any future investor that it is willing to follow the Listing Rules of the CISE and adhere to its own required standards of transparency and governance."
"At present there is a limited market for the shares but it is envisaged that the listing may also provide enhanced liquidity, enabling shareholders to join in our success and with the ability to crystallize the value of their investment at a point in the future."
Fiona Le Poidevin, Chief Executive of the CISE, said: "I am delighted that the company has listed. This is a significant milestone in our development and one which raises and broadens the Group's profile globally."
"It also assists with further strengthening the corporate governance of the Group and we believe that this sets an example which other companies can follow."
See all of today's news