APPLEBY’S capital market team has helped two separate Island based clients with their AIM admissions.
It has advised Continental Farmers Group PLC on its admission to London's junior market, working with UK firm Dickson Minto and Dublin based brokers Davy.
Continental Farmers Group PLC operates a farming business in Poland and the Ukraine and currently owns or leases more than 23,000 hectares of farmland. It had a market capitalisation of 16.7 million Euros on admission.
The team also assisted TomCo Energy PLC with an admission to AIM. Appleby worked with Westhouse Securities Limited and UK lawyers Wallace LLP on the deal for TomCo which operates a sale of oil exploration, development and production business in Utah, USA.
Partner at Appleby Simon Cain said: "We are very pleased to see these clients, both operating through companies incorporated under the Isle of Man Companies Act 2006, successfully completing their admission to the AIM market this summer.
"This is tremendously encouraging and is a real demonstration of the strengths and benefits of the Isle of Man as one of the go-to offshore jurisdictions for capital markets work and an efficient and effective jurisdiction in which to base holding companies contemplating a listing on AIM, the main market or elsewhere."
