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ARTICLE · 27 SEPTEMBER 2016

New Business Rises 13% At The Channel Islands Securities Exchange

There were 229 new listings on the Channel Islands Securities Exchange (CISE) during the first half of 2016.

GuernseyWealth Management

There were 229 new listings on the Channel Islands Securities Exchange (CISE) during the first half of 2016.

This is a rise of 13% on the same period last year and took the number of listed securities on the Official List to 2,222 at the end of June 2016.

CISE Chief Executive Fiona Le Poidevin said: "I'm delighted that once again we have seen significant growth in new listings. It is very noticeable that we are seeing increased diversification in the geographical origin of our business. An increasing proportion of new work is coming from further afield and we expect that trend to continue as we raise the profile and visibility of the CISE around the world.

"We are also seeing increased diversification in the types of new business. For example, a growing number of companies with equity quoted on the LSE are choosing to list convertible debt on the CISE due to our convenient and cost effective offering.

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