- Petroneft Resources plc begins trading on Irish Stock Exchange’s IEX market.
- 14th new company to list on IEX since its establishment in 2005.
- 22 companies now listed on IEX - the specialist market for small and medium-sized companies.
Shares in Petroneft Resources plc, an international oil and gas exploration and production company that was established for the purpose of acquiring and developing hydrocarbon acreage in Siberian Russia, began trading on the Irish Stock Exchange’s IEX market yersterday.
Petroneft is the 14th new company to list on IEX since the market was established by the Irish Stock Exchange in April 2005 and brings to 22 the number of companies listed on this specialist market for small and medium-sized companies.
Speaking at the commencement of trading in Petroneft shares, Irish Stock Exchange Director of Listing, Deirdre Somers said: “The decision by Petroneft, an Irish company with international operations, to list its shares on the IEX market as part of its Initial Public Offering is another vote of confidence in this specialist market. IEX provides access to capital for small and medium-sized companies in Ireland, as evidenced by Petroneft’s fundraising in Ireland.”
Ms Somers added that she is confident of further listings on the IEX market in the coming months.
Davy Corporate Finance is acting as IEX adviser to Petroneft Resources plc
