LONDON, Oct. 23 /CNW/ - PLUS Markets Group plc ("PMG") today announced a
collaboration with PR Newswire, the world's leading disclosure and corporate
news distribution service, which will provide companies listed or quoted on
the PLUS market access to PR Newswire's disclosure and investor communications
PMG chose to partner with PR Newswire to help their listed and quoted
companies increase their profile as well as fulfil their regulatory disclosure
obligations, through the use of PR Newswire's Disclose service. Disclose helps
companies fulfil UK and Transparency Directive regulatory disclosure
requirements by distributing price sensitive announcements to official
Secondary Information Providers (SIPS) in the UK - Reuters, Bloomberg, Thomson
Financial, AFX, Perfect Information and Dow Jones - and key media in all EU
PMG was recently granted "Recognised Investment Exchange" status by the
Financial Services Authority, conferring on it exactly the same rights and
privileges as other recognised exchanges in the UK.
"Companies listed or quoted on PLUS and their corporate advisers require
an approved Regulated Information Service that is fast, easy to use, and
offers good value," said Cyril Theret, Business Development Director at PMG.
"Disclose already offers such a service to more than 800 public companies in
the UK and we are delighted to provide access to Disclose to companies listed
or quoted on our market."
In addition to disclosure compliance, PMG and PR Newswire intend to work
together to offer wider communication solutions to PLUS-listed and PLUS-quoted
companies. These will include services that send critical company information
to institutional and retail investors in Europe and the US, supporting
issuers' IR programmes and boosting liquidity.
"We are delighted to have reached this agreement with PMG," said Lisa
Ashworth, CEO of the PR Newswire European business, "It will provide PMG
companies with a world class service of investor communications, and add to
the already very strong partnerships that PR Newswire has developed around the
PMG will cease to provide the in-house "Newstrack PLUS" service that it
has historically provided to PLUS-quoted companies.
Notes to Editors:
About PLUS Markets
PLUS Markets is a fully competitive stock exchange in London, offering a
deep pool of liquidity by supporting small order flow at low transaction cost
and able to offer a full range of trading and listing solutions. It has
recently been granted "Recognised Investment Exchange" status by the Financial
Services Authority. Over 1,000 small and mid-cap company shares currently
trade on the PLUS market, representing a combined market capitalisation of
nearly GBP200 billion.
About PR Newswire
PR Newswire (http://www.prnewswire.com/ and http://www.prnewswire.co.uk/)
provides electronic distribution, targeting, measurement and broadcast
services on behalf of tens of thousands of corporate, government, association,
trade, non-profit, and other customers worldwide. Using PR Newswire, these
organizations reach a variety of critical audiences including the news media,
the investment community, government decision- makers, and the general public
with their up-to-the-minute, full-text news developments.
Established in 1954, PR Newswire has offices in 13 countries and
routinely sends its customers' news to outlets in 135 countries and in more
than 40 languages. Utilizing the latest in communications technology, PR
Newswire content is considered a mainstay among news reporters, investors and
individuals who seek breaking news from the source. PR Newswire is a
subsidiary of United Business Media plc of London.
For further information:
For further information: Press queries for PLUS Markets Group to John
Parry, Rostron Parry at +44-207-490-8062 or firstname.lastname@example.org; Press
queries for PR Newswire to Rachel Meranus, Vice President, Public Relations,
PR Newswire at (201) 360-6776 or email@example.com