Jersey is a leading international financial centre for listing vehicles. Having worked hard to develop specialist expertise in supporting complex cross-border capital markets transactions, it plays a key role working with global companies by providing them with a gateway to the City of London capital markets. Other global stock exchanges with Jersey companies listed include Hong Kong, NASDAQ and New York.
Jersey holding companies as listing vehicles
Golden Rock Global PLC
Date of incorporation: 31 October 2016
Exchange: London Stock Exchange (Main Market) Market
Capitalisation at December 2016: £4.56m
Advised by: Ogier
Golden Rock Global (GRG) is a special purpose acquisition company, established to undertake acquisitions of target companies or businesses in the fintech sector. Its initial focus is on acquisitions in Australia, Europe and North America. GRG’s directors have extensive business experience in operating in the financial services industry, particularly in the areas of acquisitions, corporate and financial management, capital markets and trading, and they have established a network of contacts internationally within the sector.
Green & Smart Holdings PLC
Date of incorporation: 12 May 2016
Exchange: London Stock Exchange (AIM)
Market Capitalisation at December 2016: £30.54m
Advised by: Collas Crill
Green & Smart Holdings is the Jersey holding company of the Green & Smart company group, which is engaged in the Malaysian renewable energy sector. Participating in the production of electricity through biogas power plants, which convert the waste produced by palm oil mills, Green & Smart is seeking to take advantage of Malaysian governmental policy towards increasing the production of electricity through renewable energy sources.
Circle Property PLC
Date of incorporation: 16 February 2016
Exchange: London Stock Exchange (AIM)
Market Capitalisation at December 2016: £43.66m
Advised by: Pinel Advocates
Circle Property specialises in regional UK property investment, development and management consultancy. Its operations were established in 2002 with the intention of acquiring a portfolio of UK commercial properties for investment purposes. Circle Property now owns a freehold and leasehold portfolio of 16 real estate assets independently valued at over £73 million. The company’s aim is to build a portfolio of prime regional offices by adding value to under-utilised buildings, securing lettings swiftly and ahead of competition, thereby generating attractive initial yields.
The International Stock Exchange (TISE) provides a listing facility for international companies to raise capital from investors based around the globe. It enables the listing of a wide range of products, including trading companies, specialist debt and investment vehicles. During 2017 there were 705 new listings on TISE, which was an increase of 40% year on year and took the total number of listed securities to 2,511 at 31 December 2017. 2015 saw the first listing of an issuer with an ultimate Chinese parent company, China Cinda Finance (2014) Limited, and there have been a number of subsequent Chinese-origin listings. In 2016, the exchange added to its existing African related business with the first South African issuer, Fast Issuer SPV (RF). In 2014, TISE also became home to the first ever securitisation of Takaful (Shariah compliant) insurance policies in the shape of a US$100 million Covered Sukuk al-Wakala Trust Certificate Issuance Programme for insurance group FWU AG’s Salam III Limited. This is among a number of Islamic finance listings on the exchange.
Jersey is very much a forward-thinking jurisdiction and our global footprint is the envy of many other IFCs around the world...