Monday, April 14 15:11:09
The Irish Stock Exchange has become a public limited company, The Irish Stock Exchange plc. All operations, services and processes previously undertaken by The Irish Stock Exchange Limited are now being undertaken by The Irish Stock Exchange plc, and all staff who previously worked for The Irish Stock Exchange Limited are now employed by The Irish Stock Exchange plc.
The change in corporate structure has been approved by the Central Bank of Ireland and the ISE has also engaged with the Department of Jobs, Enterprise and Innovation over the changes to its corporate structure. All regulatory rights and responsibilities have transferred to the new entity and the ISE continues to be regulated by the Central Bank of Ireland.
Speaking about the change, ISE Chief Executive Deirdre Somers, said: "We are excited to start this new chapter in the Irish Stock Exchange's 200-year history."
"This new legal structure brings the ISE more in line with corporate norms which we believe is more appropriate for the successful, diverse international business that the ISE has become. This change also provides us with greater flexibility for our future development which is of benefit to all our customers and stakeholders."