Grant Thornton Malta is the first corporate adviser appointed by the Malta Stock Exchange for its new SME-listing product, Prospects.

Prospects 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, a hefty sum for companies only wishing to raise a few million. With the Prospects 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, 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.

Grant Thornton will cover all the requirements set out by the Malta Stock Exchange, from origination to listing and subsequent ongoing compliance so as to adhere to the Prospects’ rules.

It can also supplement its services by offering assistance with all taxation, legal and accounting requirements.

For more information e-mail George.vella@mt.gt.com or or call on 2132 0134.