JTC Strengthens Partnership with TISE Through Comprehensive Scheme of Arrangement Services

JTC Group is proud to announce its pivotal role in the acquisition of The International Stock Exchange Group Limited (TISE) by MIH East Holdings, Limited (MIH East Holdings), a wholly owned subsidiary of Miami International Holdings, Inc. (MIH).

This significant transaction, which values 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, underscores JTC’s robust expertise and trusted partnership with TISE since its listing in June 2016.

As Registrar of TISE, JTC Registrars Limited has consistently 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 for the successful completion of the transaction including:

• Receipt, collation, and provision of proxy voting via CREST and other means to TISE.
• Collation of Shareholder CDD for TISE shareholders.
• Receipt of funds from MIH East Holdings and subsequent onward payment to shareholders.

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.

The range of services that JTC continues to offer are designed to support clients throughout their lifecycle on the exchange, ensuring compliance, efficiency, and strategic alignment with market standards.

JTC’s services to entities listed on The International Stock exchange include:

• Listing Services: Assisting clients with preparing and submitting necessary documentation for listing securities on the exchange, including facilitating secondary listings for companies already listed on other exchanges.
• Compliance and Regulatory Support: Helping clients maintain compliance with the exchange’s listing rules and providing specialised services for investment funds.
• Debt Securities Services: Advising on and managing the listing process for debt issuances, including documentation preparation and ongoing compliance.
• Advisory and Administrative Services: Offering insights on market conditions, regulatory changes, and strategic considerations for maintaining a listing on the exchange, alongside handling the administrative aspects, documentation and liaising with the exchange.
• Stakeholder Engagement and Investor Relations: Assisting with the preparation of investor communications and disclosures, facilitating engagement with stakeholders, and ensuring transparency and positive relationships.
• Advanced Technology Solutions: Utilising advanced technology platforms to streamline listing and compliance processes, enhancing efficiency and reducing the burden on clients.

Commenting on the partnership, Kobus Cronje, Managing Director – Guernsey said:

“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.”

JTC’s expert coordination with other service providers, such as legal advisors and auditors, ensures a seamless and efficient process for all entities listed on The International Stock Exchange. This comprehensive support demonstrates JTC’s commitment to upholding the highest standards of service and reliability.