Recent research commissioned by the Isle of Man Government has shown the Isle of Man continues to dominate the AIM market.
The research was conducted by Hemscott in November 2010 and has shown the Isle of Man to be in first place in respect of the largest number of non-UK AIM top 100 companies. The Isle of Man was shown to have a market share of 16.3%, up from 14.6% a year earlier (2009). Jersey and Ireland shared joint second place with a market share of 14%.
In terms of total non-UK AIM companies, the Isle of Man has retained its 2009 market share of 14% despite the challenging market conditions.
The current market capital of the top 100 Isle of Man-listed companies on non-UK AIM stands at ?1272 million (?1.27 bn) representing a market share, by market capitalisation of 8%.
The current market capital of all Isle of Man-listed companies on non-UK AIM is ?2796 million (?2.79 bn) representing a market share, by market capitalisation, of 16.3%.
Minister for Economic Development, Allan Bell MHK, commented: “In these difficult market conditions it is gratifying to see the Isle of Man performing so well in the AIM market. This shows that the Isle of Man is the preferred gateway to London for international corporate capital raising requirements. These findings are a great vote of confidence for the Isle of Man and represent an excellent return on the good work that Government and the private sector have put in to promoting our attractive proposition.”
Juan Watterson MHK, Department Member with responsibility for financial services commented: “This research is encouraging and it’s hoped that this positive trend will continue in 2011 due to the excellent business environment provides that the Island provides for AIM-listed companies.”
ENDS
Wednesday 15th, December 2010 02:17pm.
