NEX welcomes new investors to NEX Exchange
23 September 2018 London
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NEX has agreed on commercial terms with a number of investors to invest new funds into NEX Exchange, a listing venue for small and medium-sized enterprises with currently 89 companies listed.
Completion of the transaction is subject to non-objection from the Financial Conduct Authority.
NEX said this is expected in the second half of the 2018/2019 financial year.
NEX will retain a significant minority shareholding in NEX Exchange.
On completion of the transaction, Patrick Birley will step down as CEO and Oliver Hemsley, the founder and former CEO of Numis Securities, will be appointed as his replacement.
Michael Spencer, NEX group chief executive officer, said: “We are pleased to have secured new investment in NEX Exchange to further develop the business and enhance our offering for small and medium-sized enterprises (SMEs).”
He added: “We thank Patrick Birley for his excellent contribution to the business since our 2012 acquisition and we look forward to working with Oliver Hemsley as he takes the business to the next stage of its growth.”
Completion of the transaction is subject to non-objection from the Financial Conduct Authority.
NEX said this is expected in the second half of the 2018/2019 financial year.
NEX will retain a significant minority shareholding in NEX Exchange.
On completion of the transaction, Patrick Birley will step down as CEO and Oliver Hemsley, the founder and former CEO of Numis Securities, will be appointed as his replacement.
Michael Spencer, NEX group chief executive officer, said: “We are pleased to have secured new investment in NEX Exchange to further develop the business and enhance our offering for small and medium-sized enterprises (SMEs).”
He added: “We thank Patrick Birley for his excellent contribution to the business since our 2012 acquisition and we look forward to working with Oliver Hemsley as he takes the business to the next stage of its growth.”
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