The Market Authority of the Channel Islands Stock Exchange (CISX/Exchange) is pleased to announce the approval of the 3,000th security, which was admitted to the Official List on 15 December 2008. Best Buy Distributions Ltd, an issuer of specialist debt securities, was sponsored by Ogier Corporate Finance Ltd.
Chris Byrne, Partner, Ogier, said, ‘The 3,000th Listing marks a significant milestone for the CISX and we are delighted that we could play our part in achieving that milestone before the end of 2008. Ogier Corporate Finance was a Founder Member of the CISX when the Exchange launched in 1998 and we are proud to be associated with its continued growth. Demand to list on the CISX is ongoing as clients appreciate the benefits the CISX offers and spread the word to others. Consequently, we have seen continued demand over the last year, with over 100 new listings being undertaken by Ogier during 2008’.
Tamara Menteshvili, CISX Chief Executive stated, ‘It is gratifying to achieve this milestone during the Exchange’s 10th anniversary year. The continuing demand for the Exchange’s services within the Channel Islands and beyond confirms the regard that the CISX is held within the international financial community. Despite the global market difficulties and tougher trading conditions experienced during 2008, the CISX has maintained a momentum in its specialist areas, particularly in the listing of structured funds, property funds and specialist debt securities’.
