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mandadeals.co.uk CAPITAL MARKETS
and now has a market cap of £15 million. from retail order flows: in other words, ‘The team looks at admission documents
Cassley says: ‘It’s one of the benefits of individual clients as opposed to pension and they interview board members
the quoted model. It would have been funds trading blocks of shares. For before a business comes to market. We
very costly and time-consuming for ANS Cassley, this provides crucial support to want to encourage well managed
to seek approval for every deal.’ PLUS’ target market: ‘Retail trading companies which comply with our
tends to support smaller companies, regulations. We will reject companies
TAKING AIM providing much needed visibility. They which do not meet our standards.’
It is not just a challenging market don’t tend to see a great deal of day-to- Emboldened by the ability to trade AIM
environment that PLUS has had to face day volume from institutional investors.’ shares, and having navigated through
turbulent market conditions, PLUS is
attracting more attention from businesses
‘We want to encourage well managed companies which
and corporate advisers alike. Cassley says:
comply with our regulations. We will reject companies
‘We’ve been very pleased with how PLUS
which do not meet our standards’
has held up in the current conditions. Our
trading volumes have doubled since June
and we’re seeing a growing number of
this year. The exchange was involved in a There are some differences between enquiries from new companies, as well as
legal dispute with LSE over the trading of AIM and PLUS, not least in terms of some strong performances from our
AIM stocks on PLUS. After resolving the cost. While AIM companies can expect existing companies.’ ■
dispute in August, PLUS no longer needs to pay some £200,000 a year including
to have direct dealings with AIM adviser fees, PLUS companies pay Vivienne Cassley
companies to trade their shares. The around £40,000 on average. Standon House
effects were immediate, with 8.7 billion The exchange also takes a different 21 Mansell Street
shares traded on PLUS in the month the approach to regulation. On AIM, London
disagreement was resolved, an increase of nominated advisers (nomads) are at the E1 8AA
102 per cent on the previous month. centre of the admission process, whereas
vivienne.cassley@plusmarketsgroup.com
The continued increase in trading on PLUS the in-house regulatory team 020 7553 2033
volumes during the year is largely derived likes to be more hands-on. Cassley says:
www.plusmarketsgroup.com
Mergers & Acquisitions 59
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