2021 financial year highlights at TISE

  • Turnover increased 19% year-on year to a record £9.9 million
  • Profit increased 31% year-on year to a record £4.7 million
  • Earnings per share increased 31% year-on year to a record 168.4p
  • Record listing volumes on TISE
  • Significant headway on strategy execution

The International Stock Exchange (TISE) has announced record turnover, profit and earnings per share for the second consecutive year.

The International Stock Exchange Group Limited (the Company) has released its latest Annual Report which shows that turnover increased 19% to a record £9.9 million, post-tax profit increased 31% to a record £4.7 million and earnings per share increased 31% to a record 168.4 pence during the financial year ended 31 December 2021.

The Company has also announced the payment of a special dividend in addition to the regular dividend payments.

Charlie Geffen, Chair of the Group, said: “I am pleased for the second year in a row to be reporting record turnover, profit and earnings per share. Following two years of exceptional performance, the Board is announcing a special dividend of £2.00 per share, which is over and above the regular dividend payments. This is a return of approximately £5.6 million of surplus cash to shareholders. On behalf of the Board, I would like to thank our shareholders for their continued support and investment.”

As previously announced, during 2021 there were 1,111 newly listed securities on TISE, which was a record for the Exchange during a calendar year. This took the total number of listed securities on TISE’s Official List to 3,669 at 31 December 2021.

During the year, TISE launched its Qualified Investor Bond Market (QIBM), including revised rules, fees and the introduction of the TISE Guarantee 3+1 service offering for reviewing listing applications across both its bond and equity markets.

In 2021, TISE also launched a comprehensive sustainable finance segment, TISE Sustainable, and expanded its membership base, including the addition of new Listing Agents from Ireland, which is a trend that has continued during 2022.

Also in the first quarter of 2022, TISE launched a new bespoke trading system, NOVA. The state-of-the-art auction platform provides even greater value to current equity issuers and will facilitate the delivery of new products and services to a whole new range of potential clients and participants in the equity capital markets arena.  

Cees Vermaas, CEO of the Group, said: “We are delighted that in 2021 we have once again set new annual records both for listing volumes and financial performance. I am pleased with the progress we have made in executing our strategy during 2021. We remain focussed on what we are good at – the efficient and secure listing of bonds – and have taken steps to enhance our core proposition as a major European professional bond market. We have now laid the base for a more diversified and scalable business model which puts us in an excellent position to make the most of the organic and inorganic opportunities which emerge in the coming years.”

The Company has announced that after two and a half years with the Group, originally as Chair of the regulatory subsidiary, Mr Geffen will be stepping down from the Board at the close of the 2022 AGM. He will be succeeded as the Group’s Chair on an interim basis by Anderson Whamond, who has served as a Non-Executive Director of the Company since 2017. Mr Whamond will continue until such time as the Board has completed the process of recruiting a permanent successor to Mr Geffen.

Mr Geffen said: “I have every confidence that the Group will continue to go from strength to strength and would like to thank Cees and my other fellow Board members for their contribution to the progress we have made to date. We are also grateful to our shareholders and wider stakeholders for their ongoing support.”

A copy of the Company’s Annual Report for the year ended December 2021 is available here.