PLUS Markets, List on PLUS, Float on PLUS

Liquidity, Choice, Momentum

Companies typically join PLUS-quoted because it offers enhanced profile, liquidity, an audience receptive to growth and an environment where management can devote as much energy as possible to doing what their shareholders want them to do - to run the business. The PLUS Markets status as an RIE ensures both institutional and retail investors can take part in fund raisings, both at the IPO stage and when companies raise further capital to finance their growth.

PLUS-quoted is open to companies and funds from the UK or overseas, issuing equity, debt or depository receipts. Because of the structure of the market a full EU compliant prospectus is not required to be produced and the review and approval process carried out by the UK's listing authority can be avoided. Therefore, PLUS-quoted provides a straightforward and cost effective solution for young companies seeking to raise capital or enhance the profile of their businesses on a market designed to provide maximum visibility in London.

PLUS Stock Exchange Cash Shells

Cash shells are companies with a stock market quote, established board of directors and usually money in the bank but no active business. Generally set?up as an 'investment vehicle', the directors and shareholders of a cash shell?are looking for a business, or businesses, to fund.

Our latest review has identified 18 cash shells quoted on PLUS Stock Exchange (PLUS-SX) with a total of circa 6.5 million in the bank.

To download your copy of the review, please click on the PDF link below:-

http://www.alfredhenry.com/downloads/PLUSSX-CashShellsReview2011.pdf

Features

Clear and straightforward admission process
Dedicated to the needs of smaller growing companies
Ability to raise funds from a deep capital pool of institutional and private investors
The benefits of liquidity and price formation on a trading platform appropriate for smaller companies
Raised profile and enhanced visibility for your business
Tax benefits for your investors to encourage investment and growth
Cost effective access to the public markets

Benefits to PLUS-quoted companies

A mechanism to raise new equity cost-effectively;
an independent valuation of the business;
a higher profile amongst new investors and customers;
an opportunity for existing shareholders to realise value in their investments;
a basis for employees' share schemes; and
not least, a currency for future acquisitions.

Admission Criteria

Companies seeking a quotation on PLUS-quoted need to meet the following admission criteria

Appoint and retain a Corporate Adviser, such as Alfred Henry Corporate Finance Limited;
Demonstrate appropriate levels of corporate governance, which in practice means that a company should have at least one independent non-executive director;
Have published audited report and accounts no more than nine months prior to the date of admission to trading;
Demonstrate adequate working capital;
Impose no restrictions on the transferability of shares; and
Issue shares that are eligible for electronic settlement.

There are no requirements relating to minimum trading record, minimum free float, or minimum market capitalisation. In addition, PLUS-quoted companies are not required to produce circulars and seek shareholder approval for large transactions up to the point of a reverse takeover - in other words, the UKLA "class tests" do not apply.