Updated rules for Enterprise Securities Market companies published

The Irish Stock Exchange (ISE) has published updated Enterprise Securities Market (ESM) Rules for Companies.  The revised rules:

  • align the ESM Rules with the AIM Rules, maintaining the compatible dual admission regime between the ESM and the AIM market operated by the London Stock Exchange, and
  • update requirements to reflect Irish legislative changes arising from the Companies Act 2014.

There are currently 27 companies listed on the ESM. Recent admissions to the ESM include:

  • Petrol retailer Applegreen, which raised €70m from international investors when it joined the ESM in June,
  • Malin Corporation plc, which  raised €330million in March in one of the largest life science IPOs ever to take place in Europe.

In November 2015 the ESM will celebrate its 10 year anniversary as a market of the ISE.  The ISE has two other markets for equity issuers, the Main Securities Market and the Atlantic Securities Market.