TISE continued strong performance in 2022

Wednesday 05 April 2023

The International Stock Exchange (TISE) continued its strong performance throughout 2022, equaling its record turnover with the highest number of listings at the year-end.

Profits fell by just over 13.2% compared to 2021 but was the second highest on record for the Group at £4.1m.

A turnover of £10m matched the record set in 2021.  

Shareholders also enjoyed a total dividend of £8m, with earnings per share at 145.6p, and a special £2 dividend per share. 

During 2022 there were 956 newly listed securities. This contributed to a rise of 9.6% year on year in the total number of listed securities reached 4,020 - the highest total since the Exchange opened in 1998.

More jurisdictions also facilitated their business with TISE, with three new members from Ireland and one from Jersey joining 39 other trading members.

The UK was once again the main source of new business on its core product, but EU securities listings on the Group’s Qualified Investor Bond Market exceeded 25% for the first time.

Pictured: New listings were admitted to the Group's 'sustainable' market segment. 

Anderson Whamond, Chair of the Group, said: “While adverse macro-economic conditions impaired trading during 2022, nevertheless we delivered our second-best year ever for new listings and profitability. Turnover matched the record set a year previously but profit after tax and basic earnings per share were impacted by the increased costs of doing business and a planned increase in expenditure to support the execution of our strategy to sustain future growth."

Cees Vermaas, CEO of the Group, added: “I am delighted that by focusing on the efficient and secure listing of bonds offered to institutional and professional investors, we achieved further growth in the breadth and depth of our market in 2022 despite the challenging macro-economic environment. 

“This turbulence continues to inhibit new listings, but we have a plan in place that will enable us to mitigate the worst effects of the unsettled market conditions and capitalise on the opportunities which will emerge with the return of a more stable external environment. I look forward to further progressing our strategy to diversify and scale up the business in 2023 which, as our 25^th anniversary year, promises to be a significant landmark both in the history and future of TISE.”