Press Release from Carey Olsen, Friday 10 January, 2025.
Carey Olsen Corporate Finance Limited (“COCFL”) has been confirmed as the leading listing agent on The International Stock Exchange (“TISE”) for the ninth consecutive year, for both issuers and security classes, across TISE’s full product range.
COCFL acted as listing agent on 40% of all classes of securities listed on TISE in 2024. COCFL also assisted with the majority of new high yield bond classes listed in 2024 and continues to act for a majority of all high yield bonds currently listed on TISE.
TISE introduced its ‘Specialist Companies’ equity rulebook (“the Specialist Companies Equity Rules”) in November 2024. The Specialist Companies Equity Rules and are intended to attract privately held structures whose securities are not intended to be frequently transferred or traded and which are primarily held by institutional and professional investors. COCFL effected the first non-REIT listing under the Specialist Companies Equity Rules in December 2024.
The Specialist Companies Equity Rules are a positive development for REITS, with the majority of REITS listed under TISE’s main equity rulebook eligible to be recategorised as ‘Specialist Companies’ and enabling existing listed issuers to benefit from continuing obligation requirements that are more proportionate to the investor profile.
The introduction of the Specialist Companies Equity Rules reflects a continued expansion of the offering available at TISE, including TISE Private Markets (which facilitates the buying and selling of shares in private companies), TISE Sustainable (a comprehensive market segment which enables the flow of capital into investments that promote environmental, social or sustainable activities) and TISE’s Approved Passport Programme (a pan-European fast track listing service available for UK or EEA-approved debt programmes).
Matthew Ecobichon, counsel in Carey Olsen’s debt capital markets team in Jersey, said: “We are very pleased to maintain our position as the go-to listing agent for the ninth consecutive year. We have also been encouraged by the early interest we have seen in Specialist Companies listings, especially given the active role taken by COCFL in assisting with the drafting of the Specialist Companies Equity Rules.”
COCFL’s listing teams comprise lawyers and dedicated listing analysts with experience in advising on the types of structure that list on TISE and who understand the commercial needs of our clients.
COCFL offers listing services from both Carey Olsen’s Jersey and Guernsey offices.
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