JTC Group has announced its role in the acquisition of The International Stock Exchange Group by MIH East Holdings, a wholly owned subsidiary of Miami International Holdings.
This significant transaction, which values the entire issued ordinary share capital of The International Stock Exchange (TISE) at approximately £70.4 million and has been implemented through a scheme of arrangement under Part VIII of the Companies (Guernsey) Law, 2008, underscores JTC’s partnership with TISE since its listing in June 2016.
As Registrar of TISE, JTC Registrars Limited has consistently provided the full suite of registrar services, including the provision of CREST services. In this latest development, JTC Registrars Limited has been appointed as the Receiving Agent for this corporate action, handling the end-to-end processing required for the successful completion of the transaction including:
- Receipt, collation, and provision of proxy voting via CREST and other means to TISE.
- Collation of Shareholder CDD for TISE shareholders.
- Receipt of funds from MIH East Holdings and subsequent onward payment to shareholders.
This role demonstrates JTC’s comprehensive capabilities in managing complex corporate actions, further solidifying its position as a leading provider of registrar services within the financial services industry, particularly for companies registered in Guernsey.
Commenting on the partnership, Kobus Cronje (pictured), Managing Director – Guernsey said: “JTC has maintained a strong working relationship with TISE for many years. We have fostered a cohesive approach with TISE in our capacity as Registrar, including the ongoing work concerning the acquisition of TISE by MIH.
“Furthermore, we have supported and continue to offer an extensive range of services to entities that are listed on The International Stock Exchange. Our expertise in this area enables us to provide efficient and seamless services to our clients.”
