IQE Securities Sponsor Services Limited was the Isle of Man's first Listing Member of TISE and now it has acted as Listing Agent for GVC Holdings (UK) Limited, which is the first listing on TISE to come through an Isle of Man resident Listing Member.
The Chapter 8 specialist debt security was admitted on 28th June 2018 and is a £3.5 billion principal amount 4.9% Fixed Rate Unsecured Loan Notes due 2028.
GVC Holdings (UK) Limited is a wholly owned subsidiary of GVC Holdings PLC. It is one of the world's largest sports betting and gaming groups, with licences in more than 20 countries and brands including Ladbrokes, bwin, Sportingbet and partypoker. GVC Holdings PLC is incorporated in the Isle of Man and is a constituent of the FTSE 100 index.
IQE is delighted to have worked with GVC Holdings (UK) Limited and DQ Advocates, their legal advisers in the Isle of Man, on this inaugural listing on TISE. It was a combined effort with all parties collaborating to achieve this significant admission which benefitted from the professionalism and responsiveness of all involved.
Anne Couper Woods, Director of IQE said "we are delighted to have achieved our first listing with IQE Securities Sponsor Services Limited acting as the Listing Agent and to have worked with such a significant Issuer is a bonus for us. We have a number of enquiries in the pipeline and look forward to many more listings in the future. Thanks to all who worked hard to achieve this significant goal and in particular to Helen Hall the Head of our Sponsor Team".
Hazel Dawson, Senior Associate at DQ Advocates Limited, added: "It has been a great experience working with IQE Securities Sponsor Services Limited in advising GVC with a listing of this quality. The speed and efficiency of the listing application process through TISE has been excellent and we are certain that this, combined with the impressive services of the local advisory teams, will encourage further listings of this nature and magnitude through the Isle of Man branch of TISE."
Carolyn Gelling, Head of the Isle of Man Office of The International Stock Exchange Group, said: "I am delighted that GVC has chosen to list such a significant debt issuance on TISE and that in doing so, courtesy of IQE, we have the first listing from an Isle of Man based member of the Exchange.
"The listing comes just after the first anniversary of our office opening in the Isle of Man and while we have been pleased to see some Isle of Man originated listings join the Exchange over the past year, this is the first to come through an Isle of Man member firm. It reflects the significant progress we have made both in raising our profile in the island and further afield as a convenient and cost-effective listing venue for global companies. As such, it is highly appropriate that this listing comes from an Isle of Man incorporated company which runs some extremely well known brands with a truly international reach."
We have the expertise to assist with multi-jurisdictional fiduciary services for international structures
As Chairman of Greenko Group plc, I have enjoyed a four year association with IQE during which time they not only provided administration, corporate governance and company secretarial support but also the [dedicated] services of Mike Brown FCIS as a qualified and experienced Company Secretary to act on our behalf. Throughout this time, I found IQE and their staff to be very helpful, patient and professional in their dealings. As a London Stock Exchange AIM listed company we undertook several complex multi-jurisdictions corporate transactions and I am particularly appreciative of IQE’s invaluable support on these occasions. Keith Henry, Chairman, Greenko Group Plc