LONDON - SSV Capital PLC has engaged Asset Match, a regulated trading firm, to provide an electronic off-market dealing facility for the trading of its Preferred Ordinary shares. The new platform is designed to match buyers with sellers and create liquidity for these shares through periodic auctions.
Asset Match, which is authorized and regulated by the Financial Conduct Authority with FRN 579310, will enable both existing shareholders and new investors to trade SSV Capital's Preferred Ordinary Shares. The service aims to facilitate transactions by displaying bids and offers, along with the auction closing date, on the Asset Match website.
The trading system operates on a non-discretionary algorithm that determines share prices from the prevailing supply and demand, leading to an allocation of transactions at the end of each auction period. Shareholders and potential investors can view the volumes of bids and offers at different prices and are free to make or withdraw bids at any time before the auction closes.
Those interested in participating in the trading of SSV Capital's shares will need to go through a UK stockbroker. Shareholders are encouraged to confirm whether their current broker can handle transactions on the Asset Match platform.
This move by SSV Capital PLC is part of an effort to provide its shareholders with a transparent and regulated mechanism for trading shares outside of traditional stock market exchanges.
The information for this article is based on a press release statement from SSV Capital PLC.
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