VSX Official List provides Wine Estates the opportunity to list on a Wine Estate Stock Market
The VSX Official List is a unique Stock Market operated by VinoXchange for wine estate owners and wine estates to list their estates and business on a dedicated wine estate stock market VinoXchange allows many investors the chance to invest, own , trade and build up a unique property and business portfolio.
Like all smaller stock exchanges which abide by sets of rules, the rules and regulations of the VSX Official List are more stringent than most of the junior markets. This higher level of regulation means that any wine estates wishing to list on the VSX Market are more likely to be at a more mature phase of their growth cycle and have to employ a higher level of corporate governance.
This higher level of regulation and corporate governance required of wine estates listing on the by the VSX Official List appeals a wider pool of potential investors; including unsophisticated, sophisticated, retail and institutional, who prefer to invest in wine estates at a more mature stage of the growth cycle.
Wine estates looking to obtain a listing on this market must have at least 15% of the issued shares in public hands and should have at least 50 shareholders including those purchasing shares through the VSX market
Wine estates on the VSX List benefit from having their market quote on VSX Markets itself, the VSX website and smartphone investor apps. Additionally, VSX Listed wine estates can benefit from having their regulatory news and trading updates placed to both the market and secondary information providers
There are four main requirements for wine estates looking to join the Regulated Market:
- Wine estates will need to appoint Vino Exchange to assist them with their listing and to ensure that wine estates continue to meet the market rules as part of their obligations as a listed company.
- They must adhere to IFRS accounting standards.
- Wine estates will have to produce an prospectus information brochure and have a web site..
- There should be a market capitalisation of at least £1m
USD$1,4m, ZAR20m as at the time of admission.
You can download a copy of the VSX Official List Rules here, and contact us to discuss your situation and the applicability of the VSX Official List for your business.