Deirdre Somers, ISE CEO, said an initial public offering (IPO) of shares in State companies can offer substantial benefits to the State such as public participation and the flexibility to allow the Government to retain an element of equity ownership and control.
The ISE welcomes Mincon Group to the Enterprise Securities Market. Mincon specialises in the design, manufacture, sales and servicing of rock drilling consumable tools and related products.
GameAccount Network has commenced trading on the Enterprise Securities Market, the ISE's market for growth companies. GameAccount Network is a developer and supplier of enterprise-level business to business gaming software systems and online gaming content.
The Government is ignoring Ireland’s mid-size companies in favour of an enterprise policy that is primarily aimed at supporting multinationals and start-ups, ISE CEO Deirdre Somers said today.
ISE statistics released today show the ISEQ Overall index has risen by 24.8% in the first nine months of 2013 and is the best performing index in Europe so far in 2013, ahead of the leading indices in France, Germany, the UK and the USA.
The ISE and NASDAQ OMX announce their intention to enable Irish companies to raise capital more easily on both sides of the Atlantic.
The ISE has launched its pre-Legal Entity Identifier (LEI) service through a new website www.ISEdirect.ie. LEI is a new regulatory, global reference code which uniquely identifies each legal entity that engages in a financial transaction.
The ISE welcomes the Government’s 2014 Budget announcement that it is to exempt the transfer of shares of Enterprise Securities Market (ESM) companies from stamp duty (currently charged at a rate of 1%).
The ISE welcomes Green REIT, the first REIT (real-estate investment trust) to be launched in Ireland, to the Irish market. It is the first REIT to be listed and traded on the ISE and raised more than €300m as part of its IPO.
The ISE has today launched a guide to REITs for retail investors. The guide was launched at a reception attended by the Minister for Finance, Michael Noonan and Stephen Vernon, Chairman of the Investment Manager of Green REIT.
The ISE has admitted Cantor Fitzgerald Ireland as a primary dealer in Irish Government bonds extending the firm's existing trading activities in Ireland.
The ISE has reported pre-tax profits of €6.3m for 2012, a 35% increase on 2011. Revenues fell slightly by 4% to €20.4m in 2012 (2011: €21.3m).
Microsoft has issued debt securities for the first time in euros, in its debut listing on the ISE's Global Exchange Market (GEM). Its €550m notes, carry a 2.625% interest rate and mature in 2033.
Falcon Oil and Gas joins the Enterprise Securities Market (“ESM”), the ISE's market for growth companies. Falcon is an international oil and gas company engaged in the acquisition, exploration and development of conventional and unconventional oil and gas assets.
The ISE welcomes the recommendation in the Government’s Action Plan for Jobs to develop proposals to help Irish companies to grow and build scale through the IPO route and become the successful publicly-quoted companies of the future.
The ISE's Global Exchange Market (GEM) has been approved by the European Central Bank (ECB) as an acceptable non-regulated market for the Eurosystem’s monetary policy. As a result, securities listed on GEM can now be assessed under the eligibility criteria of marketable assets set down by the ECB credit assessment framework. Eligible marketable assets approved by the ECB can be pledged as collateral by counterparties and credit institutions in order to gain access to the Eurosystem’s liquidity providing monetary policy operations and intraday credit.
Irish Stock Exchange’s quarterly statistics for Q4 2012 show ISEQ equity indices enjoyed buoyant returns ranging from 16% to 37% in 2012. In addition, the 2.4m equity trades reported in 2012 are the second highest on record at the ISE with year on year turnover in Irish equities up 4.7%.