PLUS Markets Group plc (“PMG”) today announced a collaboration with PR Newswire, the world’s leading disclosure and corporate news distribution service, which will provide companies listed or quoted on the PLUS market access to PR Newswire’s disclosure and investor communications services.
PMG chose to partner with PR Newswire to help their listed and quoted companies increase their profile as well as fulfil their regulatory disclosure obligations, through the use of PR Newswire’s Disclose service. Disclose helps companies fulfill UK and Transparency Directive regulatory disclosure requirements by distributing price sensitive announcements to official Secondary Information Providers (SIPS) in the UK - Reuters, Bloomberg, Thomson Financial, AFX, Perfect Information and Dow Jones - and key media in all EU member states.
PMG was recently granted “Recognised Investment Exchange” status by the Financial Services Authority, conferring on it exactly the same rights and privileges as other recognised exchanges in the UK.
“Companies listed or quoted on PLUS and their corporate advisers require an approved Regulated Information Service that is fast, easy to use, and offers good value,” said Cyril Theret, Business Development Director at PMG. “Disclose already offers such a service to more than 800 public companies in the UK and we are delighted to provide access to Disclose to companies listed or quoted on our market.”
In addition to disclosure compliance, PMG and PR Newswire intend to work together to offer wider communication solutions to PLUS-listed and PLUS-quoted companies. These will include services that send critical company information to institutional and retail investors in Europe and the US, supporting issuers’ IR programmes and boosting liquidity.
“We are delighted to have reached this agreement with PMG,” said Lisa Ashworth, CEO of the PR Newswire European business, “It will provide PMG companies with a world class service of investor communications, and add to the already very strong partnerships that PR Newswire has developed around the world.”
PMG will cease to provide the in-house “Newstrack PLUS” service that it has historically provided to PLUS-quoted companies.