PLUS Markets Group (PMG) announced this week a collaboration with PR Newswire, a corporate news distribution service, in which companies listed or quoted on the PLUS market will be able to access to PR Newswire’s disclosure and investor communications services.
PMG says it chose to partner with PR Newswire to help their listed and quoted companies increase their profile as well as fulfill their regulatory disclosure obligations, through the use of PR Newswire's 'Disclose' service. 'Disclose' helps companies fulfill UK regulatory disclosure requirements by distributing price sensitive announcements to official secondary information providers (SIPS) in the UK including Reuters, Bloomberg, Thomson Financial, AFX, Perfect Information and Dow Jones.
PMG was recently granted 'recognised investment exchange' status by the UK regulator the Financial Services Authority (FSA), 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," explains Cyril Theret, business development director, 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," he continues.