Whim Gully Capital believes that the PLUS-quoted market is the market of choice for 'small cap' growth companies wishing to raise both their profile and new equity capital and to be able to use their shares to incentivise key staff and as a part of the consideration when acquiring other businesses.
The PLUS-quoted market does not have the same Class Test rules on acqusitions as AIM and accordingly provides greater flexibility of corporate action at less cost whilst not sacrificing transparency or disclosure.
About PLUS PLUS Markets plc (“PLUS”) is a new stock exchange for London. Its quote-driven (market-maker) electronic trading platform currently trades a broad range of securities including full coverage of all London-listed shares like the FTSE 100, and unlisted shares quoted on the AIM and PLUS markets. It is a Recognised Investment Exchange in the UK and a Market Operator under MiFID, authorised to operate both secondary and primary markets.
The PLUS trading platform (known as the “secondary market” in equity markets terminology) offers an execution venue for trading securities listed elsewhere in London and Europe, as well as its own PLUS primary market, combining independent price formation with trade reporting.
The PLUS “primary market” is a quotation and listing destination, offering a meeting-place for companies and capital in London.
Over 200 small & mid-cap companies are currently on the “PLUS-quoted” market segment, an exchange-regulated market for small and mid-cap companies. It offers an alternative to AIM for high-quality applicants offering the potential for investment returns.
Following receipt of RIE status, a new “PLUS-listed” market is now open for business, as an EU Regulated Market for listed securities. It offers a choice of admission options (i.e. the LSE’s Main Market or the PLUS-listed market) for companies admitted to the Official List by the FSA’s UK Listing Authority.
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