'Significant milestone' as CISE lists on own exchange

The CISE is the parent company of the group which owns and operates the exchange.

It was admitted yesterday to the official list of the exchange operated by its wholly owned subsidiary, The Channel Islands Securities Exchange Authority Limited, CISEA.

The company has not raised any additional capital, but has been admitted by way of introduction of the existing 2,461,000 ordinary shares.

Jon Moulton, pictured, chairman of the CISE, said: 'By listing its shares, the company is demonstrating to shareholders and any future investor that it is willing to follow the listing rules of CISEA and adhere to its own required standards of transparency and governance.

'At present there is a limited market for the shares but it is envisaged that the listing may also provide enhanced liquidity, enabling shareholders to join in our success and with the ability to crystalise the value of their investment at a point in the future.'