FFW advises AIM listed PLUS Markets on major fundraising
19 January 2007
Field Fisher Waterhouse LLP (FFW) has advised AIM listed client,
PLUS Markets Group plc on a £25 million fundraising that will drive
the company’s plans for expansion.
PLUS Markets is an independent UK provider of primary and
secondary equity market services. Previously, the company was known
as OFEX Holdings plc and operated the OFEX market. PLUS
Markets continues to operate its own primary market and currently
trades over 180 small and mid-cap company shares with a combined
market capitalisation of over £150 billion. The Group has
also expanded its services by introducing a trading platform
offering trading in listed and unlisted securities quoted on the
Official List and AIM as well as the securities quoted on its own
primary market.
The £25 million fundraising will allow PLUS Markets to extend
its services and expand its trading platform, allowing investment
firms to meet their execution, reporting and transparency needs
under MiFID in an efficient and cost-effective manner. It will also
bring competition to the UK market for the trading of small and
mid-cap securities by introducing a choice of execution venue.
The FFW team was led by corporate partner Dominic Gurney-Champion,
assisted by corporate lawyer George Cotter. This deal demonstrates
a strong start to the year, following on from the Corporate Group
advising on 50 capital market transactions in 2006.
Dominic
Gurney-Champion said: “We advised Plus Markets on its original
AIM listing and are delighted to have advised the company on this
additional fundraising, which will be used to drive forward their
expansion plans.”
Numis Securities Limited acted as broker to Plus Markets.
Simmons & Simmons advised Numis.
For further press information please contact:
Louise Eckersley, PR Manager on +44 (0)20 7861 4120