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New AIM option for firms

A 'one stop' offshore solution for Isle of Man companies seeking a listing on the London Stock Exchange's Alternative Investment Market has been launched.

It comes from Inter-Continental Management Ltd, part of the Douglas-based ICM Group of companies, through an alliance with 'Big Four' accountancy firm Ernst & Young and leading Isle of Man law practice Dougherty Quinn.

ICM Group director Mark Byrne says the initiative mens international companies in the Isle of Man will no longer have to rely on legal and financial advisers based in the City when preparing for a flotation on the Alternative Investment Market or the relatively new Plus market.

He says the alliance will also enable any newly listed company to benefit from the many legislative and corporate advantages that result from establishing a listed entity in the Isle of Man.

Mr Byrne describes the Island as 'by far the leading jurisdiction for foreign trading companies looking to access London's capital markets, due to a number of distinct advantages'.

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