The International Stock Exchange

Hardman & Co Research on The International Stock Exchange (TISE): Very strong full-year performance

Retrieved on: 
Wednesday, April 10, 2024

The International Stock Exchange (TISE) had a very good year in 2023, with revenue up 9% to £10.8m and fully diluted EPS +18% to 170p, against a continued backdrop of subdued financial markets.

Key Points: 
  • The International Stock Exchange (TISE) had a very good year in 2023, with revenue up 9% to £10.8m and fully diluted EPS +18% to 170p, against a continued backdrop of subdued financial markets.
  • The performance, once again, demonstrates the resilience of the business with the strength of the repeating annual listing fees; since 2020, it has now paid out more in dividends than its then share price (650p).
  • Our forecasts are largely unchanged, but we have raised our valuation range and added some 2025 projections.
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Avolta prices EUR 500 million of senior notes

Retrieved on: 
Wednesday, April 10, 2024

Avolta today priced an offering of EUR 500 million aggregate principal amount of 4.750% Senior Notes due 2031 (the “Notes”).

Key Points: 
  • Avolta today priced an offering of EUR 500 million aggregate principal amount of 4.750% Senior Notes due 2031 (the “Notes”).
  • Proceeds from the offering are expected to be used to refinance a portion of Avolta’s outstanding Senior Notes due 2024.
  • It is expected that the Notes will be admitted to the Official List of The International Stock Exchange.
  • Avolta has no intention to register any portion of the offering of these securities under the Securities Act.

TISE reports strong growth in new listings to begin 2024

Retrieved on: 
Monday, April 8, 2024

ST PETER PORT, Guernsey, April 8, 2024 /PRNewswire/ -- The International Stock Exchange (TISE) has secured a very positive start to the year.

Key Points: 
  • ST PETER PORT, Guernsey, April 8, 2024 /PRNewswire/ -- The International Stock Exchange (TISE) has secured a very positive start to the year.
  • There were 228 newly listed securities on TISE during the first quarter of 2024, a 28.8% increase on the 177 securities listed during the equivalent period in 2023.
  • Cees Vermaas, CEO of TISE, said: "I am delighted with the strong performance of our public market during the first quarter of 2024.
  • A continuation of this upward momentum in the markets will enable us to build on our strong start going forward."

TISE reports strong growth in new listings to begin 2024

Retrieved on: 
Monday, April 8, 2024

ST PETER PORT, Guernsey, April 8, 2024 /PRNewswire/ -- The International Stock Exchange (TISE) has secured a very positive start to the year.

Key Points: 
  • ST PETER PORT, Guernsey, April 8, 2024 /PRNewswire/ -- The International Stock Exchange (TISE) has secured a very positive start to the year.
  • There were 228 newly listed securities on TISE during the first quarter of 2024, a 28.8% increase on the 177 securities listed during the equivalent period in 2023.
  • Cees Vermaas, CEO of TISE, said: "I am delighted with the strong performance of our public market during the first quarter of 2024.
  • A continuation of this upward momentum in the markets will enable us to build on our strong start going forward."

TISE reports record turnover, profit & EPS for 2023

Retrieved on: 
Wednesday, March 20, 2024

ST PETER PORT, Guernsey, March 20, 2024 /PRNewswire/ -- The International Stock Exchange (TISE) has reported record turnover, profit and earnings per share for 2023.

Key Points: 
  • Earnings per share increased to 171.3p; total of £2.6 million returned to shareholders during 2023
    ST PETER PORT, Guernsey, March 20, 2024 /PRNewswire/ -- The International Stock Exchange (TISE) has reported record turnover, profit and earnings per share for 2023.
  • The Group has also announced the payment of a £2.00 per share special dividend in addition to the regular dividend payments.
  • Building on our achievements in 2021 and 2022, the Group reported another strong performance, delivering record turnover, profit and earnings per share.
  • The size and value of our public market reached new highs and we launched and onboarded the first client for TISE Private Markets.

TISE reports record turnover, profit & EPS for 2023

Retrieved on: 
Wednesday, March 20, 2024

ST PETER PORT, Guernsey, March 20, 2024 /PRNewswire/ -- The International Stock Exchange (TISE) has reported record turnover, profit and earnings per share for 2023.

Key Points: 
  • Earnings per share increased to 171.3p; total of £2.6 million returned to shareholders during 2023
    ST PETER PORT, Guernsey, March 20, 2024 /PRNewswire/ -- The International Stock Exchange (TISE) has reported record turnover, profit and earnings per share for 2023.
  • The Group has also announced the payment of a £2.00 per share special dividend in addition to the regular dividend payments.
  • Building on our achievements in 2021 and 2022, the Group reported another strong performance, delivering record turnover, profit and earnings per share.
  • The size and value of our public market reached new highs and we launched and onboarded the first client for TISE Private Markets.

LivaNova Announces Pricing of Private Offering of $300 Million of 2.50% Convertible Senior Notes Due 2029

Retrieved on: 
Wednesday, March 6, 2024

Prior to December 15, 2028, the notes will be convertible only upon satisfaction of certain conditions.

Key Points: 
  • Prior to December 15, 2028, the notes will be convertible only upon satisfaction of certain conditions.
  • If the initial purchasers of the notes exercise their option to purchase additional notes, LivaNova expects to enter into additional capped call transactions with the option counterparties.
  • The cash exchangeable senior notes were issued by LivaNova USA, Inc. and are guaranteed by LivaNova.
  • In connection with the issuance of the cash exchangeable senior notes, LivaNova USA, Inc. entered into capped call transactions with certain financial institutions.

LivaNova Announces Proposed Private Offering of $300 Million of Convertible Senior Notes

Retrieved on: 
Monday, March 4, 2024

The interest rate, conversion rate and other terms of the notes are to be determined upon pricing of the offering.

Key Points: 
  • The interest rate, conversion rate and other terms of the notes are to be determined upon pricing of the offering.
  • If the initial purchasers of the notes exercise their option to purchase additional notes, LivaNova expects to enter into additional capped call transactions with the option counterparties.
  • The cash exchangeable senior notes were issued by LivaNova USA, Inc. and are guaranteed by LivaNova.
  • In connection with the issuance of the cash exchangeable senior notes, LivaNova USA, Inc. entered into capped call transactions with certain financial institutions.

TISE sets new records during 25th anniversary year

Retrieved on: 
Tuesday, January 30, 2024

Despite continued adverse macro-economic conditions, there were 842 new listings on TISE during its 25th anniversary year.

Key Points: 
  • Despite continued adverse macro-economic conditions, there were 842 new listings on TISE during its 25th anniversary year.
  • It is fantastic to celebrate our landmark 25th anniversary year with such a strong flow of new listings despite the continued macro-economic headwinds.
  • TISE Private Markets provides them with unique access to a set of integrated electronic solutions, including auction trading, settlement and registry management.
  • The launch and onboarding of the first client for TISE Private Markets during our 25th anniversary year is a great innovation that provides the foundation for the continued expansion of our product and service offering."

TISE sets new records during 25th anniversary year

Retrieved on: 
Tuesday, January 30, 2024

Despite continued adverse macro-economic conditions, there were 842 new listings on TISE during its 25th anniversary year.

Key Points: 
  • Despite continued adverse macro-economic conditions, there were 842 new listings on TISE during its 25th anniversary year.
  • It is fantastic to celebrate our landmark 25th anniversary year with such a strong flow of new listings despite the continued macro-economic headwinds.
  • TISE Private Markets provides them with unique access to a set of integrated electronic solutions, including auction trading, settlement and registry management.
  • The launch and onboarding of the first client for TISE Private Markets during our 25th anniversary year is a great innovation that provides the foundation for the continued expansion of our product and service offering."