JTC Group has said how proud it is of its “pivotal role” in the acquisition of The International Stock Exchange Group Limited by MIH East Holdings Limited, a wholly owned subsidiary of Miami International Holdings, Inc. (MIH).
The significant transaction, which valued the entire issued ordinary share capital of TISE at approximately £70.4 million and has been implemented through a scheme of arrangement under Part VIII of the Companies (Guernsey) Law, 2008, underscored JTC’s robust expertise and trusted partnership with TISE since its listing in June 2016, the firm said.
As Registrar of TISE, JTC Registrars Limited has provided the full suite of registrar services, including the provision of CREST services. In this latest development, JTC Registrars Limited has been appointed as the Receiving Agent for this corporate action, handling the end-to-end processing required.
Commenting on the partnership, Kobus Cronje, Managing Director – Guernsey said this role demonstrates JTC’s comprehensive capabilities in managing complex corporate actions, further solidifying its position as a leading provider of registrar services within the financial services industry, particularly for companies registered in Guernsey.
“JTC has maintained a strong working relationship with TISE for many years. We have fostered a cohesive approach with TISE in our capacity as Registrar, including the ongoing work concerning the acquisition of TISE by MIH.
“Furthermore, we have supported and continue to offer an extensive range of services to entities that are listed on The International Stock Exchange. Our expertise in this area enables us to provide efficient and seamless services to our clients.”