Company engagement

Grant Thornton appointed corporate advisor for prospects MTF

Grant Thornton appointed corporate advisor for prospects MTF

Grant Thornton Malta is pleased to announce its appointment as a corporate adviser by the Malta Stock Exchange for Malta’s new SME listing product, Prospects Multi Trade Facility (MTF).

Prospects MTF was launched last February to offer a cost-effective alternative source of raising finance for SMEs who need up to €5 million in financing.

According to Cliff Pace, business development head at the Malta Stock Exchange, “The corporate adviser has a very critical role and is a make or break for this particular product. They are the ones who will ensure we have the right companies coming on board, with the right levels of corporate governance and due diligence.”

“To list on AIM, – the closest thing to Prospects on the London Stock Exchange one would have to pay €400,000, which does not justify the means for organizations looking at raising a few million. With Malta’s Prospect financing option, the cost for companies to come to market is estimated to be around €50,000 to €60,000.

For a successful flotation on Prospects MTF, you’ll need more than a company with high potential. Just as crucial will be your ability to recruit the right advisers, commented George Vella, Advisory Partner at Grant Thornton Malta. As one of Malta’s leading accountancy and advisory companies, Grant Thornton is able to offer such service, which will cover not only all the requirements set out by the Malta Stock Exchange, but would also follow the process through from origination, to listing and subsequent ongoing compliance so as to adhere to the Prospects’ rules. Grant Thornton can also supplement its services by offering assistance with all taxation, legal and accounting requirements.

Prospects is available to both local and foreign companies and interest in the new financing option is very positive. It is as an important alternative for investors, particularly because the corporate adviser would be there to ensure that the SME complies with requirements in terms of corporate governance, transparency, and continuing obligations.

Investors always remain responsible for the decisions they have taken but the MSE as the regulator and the corporate adviser is there to ensure the necessary information to offer a level of protection for the investor.

For more information on how to raise finance through Prospects one can email George.vella@mt.gt.com or grantthornton@mt.gt.com or call on +356 21320134.