THE INTERNATIONAL STOCK EXCHANGE GROUP LIMITED
Registration No: 57524
Registered Office: Helvetia Court, Block B, Third Floor, Les Echelons, St Peter Port, Guernsey GY1 1AR
PUBLICATION OF ANNUAL REPORT & ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
The Board of Directors of The International Stock Exchange Group Limited (the “Company”) announces the Annual Report & Consolidated Financial Statements of the Group for the year ended 31 December 2023.
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FY 2023 Financial Highlights |
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· Record turnover of £10.8 million (FY 2022: £10.0 million) |
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· PAT of £4.9 million (FY 2022: £4.1 million) up 18.1% yoy and the highest on record |
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· EPS increased to 171.3p (FY 2022: 145.6p) |
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· £2.6 million returned to shareholders during 2023 |
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· Highly cash generative business with a strong and liquid balance sheet |
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FY 2023 Operational Highlights |
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· 842 securities listed in FY 2023 (FY 2022: 956) contributing to overall market growth of 6.0% yoy |
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· Bond market activity remained robust; expansion into CLO market |
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· QAHC regime introduced April 2022; limited impact to date on QEE related bond listings |
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· Launched TISE Private Markets and first client onboarded |
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· Continued focus on delivering the strategy to diversify and grow the business |
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The Company has released its latest Annual Report which shows record revenues of £10.8 million, an 18.1% increase in post-tax profit to a record £4.9 million and an increase in earnings per share to 171.3 pence during the year ended 31 December 2023. The Company has also announced the payment of a £2.00 per share special dividend in addition to the regular dividend payments.
Anderson Whamond, Chair, said: “I am pleased to report that we set several records for financial and operational performance across the business during 2023. Building on our achievements in 2021 and 2022, the Group reported another strong performance, delivering record turnover, profit and earnings per share. Today, the Board is pleased to announce the payment of a special dividend of £2.00 per share, taking the total cash returned to shareholders through dividends during the last six years to £9.64 per share. With the launch of TISE Private Markets and an enlarged portfolio of financial markets and securities services, the Group is well positioned for long-term growth.”
During 2023 there were 842 newly listed securities on TISE. This took the total number of listed securities on TISE’s Official List to 4,262 at 31 December 2023, which is a 6.0% increase year on year and the highest total since the Exchange opened for business in 1998.
Cees Vermaas, CEO, said: “It is extremely rewarding that we were able to celebrate our 25th anniversary year in 2023 by reaching several key milestones. The size and value of our public market reached new highs and we launched and onboarded the first client for TISE Private Markets. Our investment into an increasingly scalable and diversified business model means that we are in an excellent position to make the most of the opportunities which emerge, especially with the return of improved market conditions and the enhancement of our private markets proposition.”
A copy of the Annual Report & Consolidated Financial Statements is attached and forms part of this announcement.
All enquiries in relation to this announcement should be addressed to:
Bedell Channel Islands Limited - Listing Sponsor
Email: TISE-Helpline@bedellcristin.com