London Stock Exchange Calls on Ukrainian Companies
OREANDA-NEWS. July 01, 2008. The London Stock Exchange (LSE) calls on Ukrainian issuers to place shares at its stock. "Ukraine is one of those countries that may receive significant profits. We have something to offer to Ukrainian companies," LSE Manager General on International Business Development John Edwards said during the "Ukrainian Summit of the LSE on Capital Market", reported the Official website www.kmu.gov.ua.
At the same time, among the LSE advantages, Edwards noted a great number of potential investors ready to invest money into companies that place shares at this stock as well as wide spectrum of instruments for obtaining funds. "We have a pool of investors ready to invest into the local market," Edwards said. According to LSE international business development manager Zarina Korolyova, securities of eight Ukrainian companies are quoted on the Alternative Investments Market (AIM).
"Appearance at this stock will allow issuers to increase capitalization significantly as well as to obtain funds regularly for business development, e.g. by additional share issue and further placing securities among investors on the stock exchange," Korolyova states. She also thinks that cost of appearing at the stock takes 5-10% of the amount obtained. "However, the more capital is attracted the less are the expenses," she said.
John Edwards underscored that Ukrainian issuers have a wide choice of stocks for placing shares and they should make a proper careful analysis in order to take the final decision. "You have a wide range of choice, you should conduct researches in order to make a decision. But I hope, it will be London," John Edwards resumed.
Let us recall that the Warsaw Stock Exchange opened in Ukraine on June 29.
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