Isle Of Man Leads The AIM 100 Pack
The combined value of non-UK companies listed on London's Alternative Investment
Market (AIM) and incorporated on the Isle of Man now exceeds any other jurisdiction,
according to the second in a series of research reports by Hemscott, commissioned
by offshore law firm, Cains.
Examining the top 100 non-UK companies listed currently on AIM (AIM 100), the
report revealed that Isle of Man incorporated companies in this particular group
have a combined market capitalisation of GBP6,240.04 million, propelling the
Isle of Man into first place, ahead of Canada. This represents an increase of 16% on April 2007's total of GBP5,221.89 million,
and also exceeds the combined value of companies listed in Canada (GBP2,268.19
million), the British Virgin Islands (GBP1,926.04 million) and Australia (GBP1,671.09
million), which rank second, third and fourth respectively. Meanwhile, according to the report, the Isle of Man continues to lead the way
in terms of the number of AIM 100 listed companies incorporated within its boundaries,
with the Island's total of 15 keeping it ahead of Bermuda (6), Guernsey (5),
and Jersey (4). Andrew Corlett, managing director of Cains, observed that: "These figures reflect the continued evolution of the Isle of Man as one
of the world's most respected international finance centres. The Island's agility
and responsiveness in creating a fiscal, legal and investment environment which
meets the needs of global businesses is successfully positioning it as the preferred
access point to London, the world's premier commerce centre." .
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