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A local provider of fiduciary and administration solutions has launched a 'Jersey Cash Box' structuring solution in response to recent market conditions.
VG says its new product offers PLCs - listed on the Main Market of the London Stock Exchange or Alternative Investment Market - an alternative financing tool to raise cash by issuing shares without the time and monetary restrictions of the pre-emption rights regime under the Companies Act 2006.
“Jersey has become a jurisdiction of choice for Cash Box transactions amongst our established onshore and offshore legal and tax network as Jersey Companies Law makes redemption of preference shares a quick and simple process," VG Manager Ross Crick commented.
Claire Malkoun, Director of Business Development, added: “When faced with a potential cash flow crisis, particularly given these unprecedented times, PLCs may need an alternative, fast, flexible and cost-effective way of raising capital to safeguard the future of their businesses and staff.
"In response, we now offer PLCs an integrated and competitively priced solution by providing all the company incorporation, administration and governance services they may require under Jersey law for a Cash Box transaction.”
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