New entrant for IEX

Online and direct seller of subscription-based mobile phone contracts in Germany Fitzwilliam Capital has been admitted to the IEX market of the Irish Stock Exchange.

Trading in the shares has now commenced.

Fitzwilliam Capital is the second company to be quoted on the IEX market since its inception in April 2005 and brings to 10 the number of companies on the market.

IEX - the Irish Enterprise Exchange - is a market created by the Irish Stock Exchange specifically to meet the needs of small to medium-sized companies.

Speaking at the commencement of trading, the Irish Stock Exchange's Director of Listing, Deirdre Somers said: "We are delighted to see Fitzwilliam Capital join the IEX market.

"It is worthwhile highlighting the reasons why Fitzwilliam Capital, a London-based company whose business is based in Germany, chose a quotation on IEX - the enhanced liquidity that a euro-denominated quote and trading facility on IEX will bring to the shares, and the fact that the IEX requirements and regulatory regime are similar to those of AIM in London where the shares are also quoted."