The Irish Stock Exchange (“ISE”) welcomes Continental Farmers Group plc (“CFG”) to the Enterprise Securities Market (“ESM”), the Irish Stock Exchange’s market for growth companies.
CFG raised €16.7m as part of its initial public offering of shares and was launched on the ESM with a market capitalisation of €42.7m. The admission of CFG to the Irish Stock Exchange increases the number of companies quoted on the ESM market to 24.
Deirdre Somers, Chief Executive of the ISE, said: “We are delighted to welcome Continental Farmers Group plc to the ESM and to see its capital raising activities completed successfully. The Irish Stock Exchange looks forward to having a long term relationship with CFG through the provision of euro trading and other value added services”.
Nick Parker, Chairman of CFG plc, said: “Continental Farmers Group plc has an ambitious growth strategy planned for the next five years. The decision to raise funds on public markets at this time is the logical next step for the group’s development. Having an Irish Stock Exchange quotation is important for Continental Farmers Group as it facilitates the company in attracting euro investors from both Irish and international markets.”
Davy is acting as ESM Advisor to CFG.