LONDON, October 23 /PRNewswire/ -- 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 services.
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 member states.
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 world."
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.
Press queries for PLUS Markets Group to John Parry, Rostron Parry at +44-207-490-8062 or john@rostronparry.com
Press queries for PR Newswire to Rachel Meranus, Vice President, Public Relations, PR Newswire at +1-201-360-6776 or rachel.meranus@prnewswire.com
Press queries for PLUS Markets Group to John Parry, Rostron Parry at +44-207-490-8062 or john@rostronparry.com. Press queries for PR Newswire to Rachel Meranus, Vice President, Public Relations, PR Newswire at +1-201-360-6776 or rachel.meranus@prnewswire.com
