PLUS-quoted companies
Companies typically join PLUS-quoted because it offers profile, liquidity, an audience receptive to growth and an environment where management can devote as much energy as possible to doing what their shareholders want them to do - to run the business. More importantly, the PLUS team are experts in understanding the needs of companies, their advisers and their investors. Key resources for companies interested in joining PLUS-quoted can be found
here
Quality is the catch word in the PLUS-quoted team. Whilst the requirements are sufficiently flexible to enable your company to grow unencumbered by restrictive and unnecessary regulation, our framework is robust and we are driven by a desire to provide investors with access to new and exciting prospects that are well prepared and ready for life on a public market. PLUS Markets status as an RIE ensures both institutional and retail investors can take part in such fund raisings, both at the IPO stage and when companies raise further capital to finance their growth.
PLUS-quoted is open to ambitious companies and funds from the UK or overseas, issuing equity, debt or depository receipts. Because of the structure of the market a full EU compliant prospectus is not required to be produced and the review and approval process carried out by the UK's listing authority can be avoided . Therefore, PLUS-quoted provides a straightforward and cost effective solution for young companies seeking to raise capital or enhance the profile of their businesses on a market designed to provide maximum visibility in London.
Features
- Clear and straightforward admission process
- Dedicated to the needs of smaller growing companies
- Ability to raise funds from a deep capital pool of institutional and private investors
- The benefits of liquidity and price formation on a trading platform appropriate for smaller companies
- Raised profile and enhanced visibility for your business
- Tax benefits for your investors to encourage investment and growth
- Cost effective access to the public markets
Benefits to PLUS-quoted companies
- a mechanism to raise new equity cost-effectively;
- an independent valuation of the business;
- a higher profile amongst new investors and customers;
- an opportunity for existing shareholders to realise value in their investments;
- a basis for employees' share schemes; and
- not least, a currency for future acquisitions.
Admission Criteria
Companies seeking a quotation on PLUS-quoted need to meet our admission criteria, which are as follows:
- Appoint and retain a Corporate Adviser;
- Demonstrate appropriate levels of corporate governance, which in practice means that a company should have at least one independent non-executive director;
- Have published audited report and accounts no more than nine months prior to the date of admission to trading;
- Demonstrate adequate working capital;
- Impose no restrictions on the transferability of shares; and
- Issue shares that are eligible for electronic settlement.
There are no requirements relating to minimum trading record, minimum free float, or minimum market capitalisation. In addition, PLUS-quoted companies are not required to produce circulars and seek shareholder approval for large transactions up to the point of a reverse takeover - in other words, the UKLA "class tests" do not apply.
To discuss your requirements for raising capital and enhancing your profile in London, please contact the PLUS Markets Group Business Development team at 020 7553 2010.