The European Gateway Exchange for Global Issuers GUIDE TO ISE SERVICES

Transcription

1 The European Gateway Exchange for Global Issuers GUIDE TO ISE SERVICES

2 EU member English speaking THE ISE The European Gateway Exchange Common law jurisdiction Eurozone member Enabling access to EU investors IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 1

3 36,072 SECURITIES 37 IRISH GOVERNMENT BONDS & T-BILLS 56 EQUITIES THE ISE Enabling global issuers to access investors 219 EXCHANGE TRADED FUNDS (ETFs) 5,221 INVESTMENT FUNDS 30,539 BONDS >4k ISSUERS >90 COUNTRIES WITH ISSUERS ON ISE MARKETS Source: ISE September IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 3

4 THE ISE A global leading international business #1 TOTAL BOND LISTINGS WORLDWIDE #1 LIQUIDITY IRISH SHARES #1 NEW BOND LISTINGS WORLDWIDE #2 TOTAL FUND LISTINGS WORLDWIDE Source: World Federation of Exchanges September IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 5

5 THE ISE Main Securities Market Global Exchange Market for issuers listing debt, equity, funds and exchange traded funds (ETFs) on an EU regulated market for banks, companies and sovereigns listing debt and investment fund managers listing funds Enterprise Securities Market Atlantic Securities Market for high growth companies raising equity in earlier stages of development for multinational companies that want to broaden their investor reach to include dollar and euro pools of capital in a streamlined manner Providing issuer choice 6 IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 7

6 ESTABLISHED 1793 PLC 2014 THE ISE A dynamic exchange with a long history INDEPENDENT TRANSPARENT INTERNATIONALLY CONNECTED SOLUTIONS FOCUSED PROFESSIONAL APPROACHABLE EFFICIENT ACCESSIBLE EXPERT GATEWAY FLEXIBLE POLICY ADVOCATE 8 IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 9

7 Increased shareholder diversity through access to European investors Proven dual listing with UK, North American and other EU countries enables streamlined regulation, documentation and reporting OUR EQUITY MARKETS Why global companies list on the ISE T7 Option to trade in euro, sterling and dollar World-class trading platform enables access to international distribution networks Accessible expert team 3 equity markets delivering choice for companies Competitive fees 10 IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 11

8 MSM MAIN SECURITIES MARKET ESM ENTERPRISE SECURITIES MARKET ASM ATLANTIC SECURITIES MARKET OUR EQUITY MARKETS Dual listing options SUITED TO Larger companies with substantial funding needs High growth companies MIFID STATUS EU regulated market Exchange regulated Multilateral Trading Facility (MTF) Companies with SEC approved listings in the US Exchange regulated Multilateral Trading Facility (MTF) REGULATORY REGIME Listing Rules Prospectus Directive Transparency Directive ESM Rules Market Abuse Regulation SEC ASM Rules Market Abuse Regulation Market Abuse Regulation FAST TRACK ADMISSION* Main Market (London) AIM Nasdaq NYSE * We offer dual listing with other exchanges and markets 12 IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 13

9 Europe s leading debt listing venue with access to Europe s (EU & EEA) investors To avail of European Prospectus passporting facility Guaranteed review times OUR DEBT MARKETS Why global debt issuers choose the ISE Efficient listing process Unrivalled experience, product knowledge and expertise Dedicated regional relationship managers Accessible and approachable regulation team Competitive fees Market choice MSM and GEM 14 IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 15

10 MSM MAIN SECURITIES MARKET GEM GLOBAL EXCHANGE MARKET OUR DEBT MARKETS Providing issuer choice MIFID STATUS EU Regulated Market Exchange regulated market Multilateral Trading Facility (MTF) COMPETENT AUTHORITY Central Bank of Ireland Irish Stock Exchange REGULATORY REGIME Listing Rules Prospectus Directive Transparency Directive Market Abuse Regulation GEM Listing & Admission to Trading Rules Market Abuse Regulation 16 IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 17

11 OUR DEBT MARKETS The choice of global issuers CANADA PENSION PLAN INVESTMENT BOARD DEBENHAMS AUTOPISTAS METROPOLITANAS DE PUERTO RICO VERIZON COMMUNICATIONS NOKIA CORPORATION SPAREBANKEN BANCO DE SABADELL COUCHE-TARD ONTARIO TEACHERS PENSIONS PLAN BOARD AERCAP SKY PLC FOSUN INTERNATIONAL TRINITY BIOTECH SACYR MEMBERS EQUITY BANK IBERIA ICBC CHINA ALITALIA FIAT CHRYSLER COMISIÓN FEDERAL DE ELECTRICIDAD KINGDOM OF SAUDI ARABIA REPUBLIC OF IRAQ STATE OF KUWAIT SULTANATE OF OMAN FERRARI SAXO BANK WHIRLPOOL HIPERCOR CHINA THREE GORGES COMPAÑÍA LATINOAMERICANA DE INFRAESTRUCTURA & SERVICIOS (CLISA) DISCOVERY COMMUNICATIONS VODAFONE Source: ISE - September IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 19

12 IRISH STOCK EXCHANGE #1 Total Bond Listings Worldwide September 2017 Across 67 exchanges IRISH STOCK EXCHANGE #1 New Bond Listings Worldwide year to date September 2017 Across 52 exchanges 35,000 30,000 30,511 8, ,480 6,000 25,000 5,000 20,000 4,000 15,000 3,000 10,000 2,000 5,000 1, Tel-Aviv Stock Exchange Warsaw Stock Exchange SIX Swiss Exchange Hong Kong Exchanges and Clearing Moscow Exchange Bolsa Nacional de Valores Taipei Exchange Kazakhstan Stock Exchange Johannesburg Stock Exchange Oslo Bors Shenzhen Stock Exchange Bolsa de Comercio de Buenos Aires Borsa Istanbul Deutsche Boerse AG Euronext Nasdaq Nordic Exchanges National Stock Exchange of India Limited BSE India Limited Korea Exchange Luxembourg Stock Exchange Irish Stock Exchange Tel-Aviv Stock Exchange Borsa Istanbul Bolsa de Valores de Colombia Bolsa Mexicana de Valores Hong Kong Exchanges and Clearing Bolsa Nacional de Valores Moscow Exchange SIX Swiss Exchange Taipei Exchange Bolsa de Comercio de Buenos Aires Johannesburg Stock Exchange Oslo Bors Singapore Exchange Shenzhen Stock Exchange BME Spanish Exchanges Wiener Borse Shanghai Stock Exchange Euronext BSE India Limited Nasdaq Nordic Exchanges National Stock Exchange of India Limited Korea Exchange LSE Group Deutsche Boerse AG Luxembourg Stock Exchange Irish Stock Exchange Source: World Federation of Exchanges (WFE) Source: World Federation of Exchanges (WFE) 20 IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 21

13 World leading fund listing venue offering access to European investors Guaranteed review times Efficient listing process ISEFundHub service increases visibility and profile with investors Unrivalled experience and expertise OUR FUND MARKETS Why global fund managers choose the ISE Accessible and approachable regulation team Competitive listing fees Market choice Location in Ireland a leading EU domicile WHY LIST FUNDS? Increase investor transparency Access institutional investors ETF passporting throughout the EU 22 IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 23

14 INVESTMENT FUNDS AND ETFs #2 Total Fund Listings Worldwide September 2017 Across 56 exchanges OUR FUND MARKETS Listings from global investment managers 7,000 6,000 5,440 5,000 4,000 3,000 2,000 1,000 0 Budapest Stock Exchange Australian Securities Exchange Hong Kong Exchanges and Clearing BM&FBOVESPA S.A. Moscow Exchange Japan Exchange Group Inc. Korea Exchange Nasdaq - US Nasdaq Nordic Exchanges Shenzhen Stock Exchange TMX Group Bolsa Mexicana de Valores Bolsa de Comercio de Santiago SIX Swiss Exchange Euronext NYSE LSE Group BME Spanish Exchanges National Stock Exchange of India Limited Deutsche Boerse AG Irish Stock Exchange Luxembourg Stock Exchange Source: World Federation of Exchanges (WFE) Source: ISE - September IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 25

15 #1 #1 centre of liquidity for Irish shares T7 World-class trading & post-trade infrastructure Ease and low cost of connectivity TRADING ON THE ISE Why international banks and investment firms trade on the ISE Competitive fees EQUITY TRADING MEMBERS Sourcing global investors 26 IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 27

16 EDUCATION PROGRAMMES delivering executive education on strategic capital funding through #IPOready programme and bespoke bootcamps THE ISE Supporting entrepreneurship MSM ESM ASM ACCESSIBLE TEAMS ready to engage with and support ambitious companies CHOICE OF MARKETS providing companies with options to suit their stage of development INVESTOR ACCESS enabling companies to raise capital from global investors ENTERPRISE ADVOCATE using our voice to support enterprise and scaling in Ireland 28 IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 29

17 BOND LISTING We provide a streamlined listing service on our two debt markets for issuers of bank, corporate and sovereign bonds and other debt related securities. FUND & ETF LISTING We enable investment fund managers access global investors through the listing of a broad range of investment funds and exchange traded funds (ETFs). EQUITY LISTING We operate three equity markets suited to companies in various stages of their lifecycle looking to access international pools of capital and investors. THE ISE A full service stock exchange TRADING & MEMBERSHIP We offer membership for trading in shares, ETFs, Irish Government bonds and other securities using world-class, easily accessible and cost-effective trading and post-trade infrastructure. MARKET DATA, ISEQ INDICES & STATISTICS We are the official source of market data on ISE markets, providing standardised and tailored data solutions to meet your business needs. #IPOREADY PROGRAMME Our education programme for high potential growth companies equips executives with key skills in raising capital, investor relations and business management. LEI SERVICES Our online LEI (Legal Entity Identifier) service allows international organisations to apply for, update, renew or port LEIs required for regulatory or legal purposes. ISIN SERVICES We issue ISINs (International Security Identification Number) for Ireland, enabling securities to be identified by international markets meeting regulatory or trading requirements. REGULATORY ANNOUNCEMENTS We file and publish regulatory documents and announcements for issuers enabling them to comply with their regulatory obligations. 30 IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 31

18 Contact Our Teams BOND LISTING REGULATION James Johnston Anthony Byrne Maurizio Pastore Daryl Byrne Grainne O Farrelly Aisling McArdle T +353 (1) E james.johnston@ise.ie T E anthony.byrne@ise.ie T +353 (1) E maurizio.pastore@ise.ie T +353 (1) E daryl.byrne@ise.ie T +353 (1) E grainne.ofarrelly@ise.ie T +353 (1) E aisling.mcardle@ise.ie UK & IRELAND NORDIC REGION MEDITERANNEAN REGION LISTING, TRADING & POLICY FUND & ETF LISTING BOND & EQUITY LISTING GERMANY & EASTERN EUROPE BENELUX REGION AFRICA USA FRANCE LATIN AMERICA MIDDLE EAST CANADA ASIA AUSTRALASIA EQUITY LISTING & IPO SUPPORT FUND & ETF LISTING ISEFUNDHUB REGULATORY POLICY REGULATORY ANNOUNCEMENTS, ISIN & LEI SERVICES Orla O Gorman T E orla.ogorman@ise.ie Gerry Sugrue T E gerry.sugrue@ise.ie Rose Ward T E rose.ward@ise.ie Gillian Leeson T E gillian.leeson@ise.ie James Ferguson T +353 (1) E james.ferguson@ise.ie Gareth O Neill T +353 (1) E gareth.oneill@ise.ie TRADING & MEMBERSHIP MARKET DATA, ISEQ INDICES & STATISTICS MEDIA & ADVOCACY OUR WEBSITES Our main website with information about us, our products, services and news. Also provides market data and announcements. Our online services portal to submit announcements, NAVs and apply for ISIN and LEI codes. Niall Gibney T E niall.gibney@ise.ie Conor Miles T E conor.miles@ise.ie Rosemary Leavy T E rosemary.leavy@ise.ie Ailish Byrne T E ailish.byrne@ise.ie An information centre for ISE listed and Irish domiciled funds for professional investors. 32 IRISH STOCK EXCHANGE THE EUROPEAN GATEWAY EXCHANGE FOR GLOBAL ISSUERS 33

19 Irish Stock Exchange 28 Anglesea Street Dublin 2, Ireland T The Irish Stock Exchange plc is regulated by the Central Bank of Ireland Irish Stock Exchange 10/2017