- Tradelabs (market cap: £40m), a technology-based business which owns fully automated trading software for commodities and futures trading.
- Nuclear Power Notes, issued by Barclays Bank PLC in connection with the acquisition of British Energy by EDF.
- Creative Financial Technologies plc (market cap: £6m), seeking to establish high growth businesses in financial services and technologies sectors.
- Frontier Resources International (market cap: £3m), prospects hydrocarbon resources worldwide.
- Phoenician V Corporation Limited (market cap: £810K), an investment vehicle in Asian Active businesses
The PLUS-quoted market continues to maintain a steady market size and a good level of interest from prospective new issuers. There are currently five new applications in the pipeline. Of note is the first application for the admittance of Global Depositary Receipts (GDRs) to the PLUS-quoted market, introduced by Axiom* through the Bank of New York Mellon - one of the world’s leading depository banks.**
More recently, PLUS welcomed a new Corporate Adviser to the market – Bridge Hall Stockbrokers Ltd, who have offices in both the City of London and Cheshire. This brings the total number of PLUS Corporate Advisers to over 70.
Paul Haddock, Head of Capital Markets notes: “PLUS is now the UK’s most compelling growth companies market and is increasingly viewed as a venue for other issuers and asset classes. Recent admissions demonstrate that PLUS is flexible and agile when working with issuers on their particular needs. Our rules are robust but not prescriptive, allowing us to provide a market for all types of issuers, from growth companies to complex products aimed at sophisticated investors.”
*link: http://www.plusmarketsgroup.com/PLUS_applicant.shtml?ISIN=NEWISSUE14/PLPR
** http://www.adrbnymellon.com/dr_why.jsp?paramUserType=issuers
