Q1 Update and News

JP Jenkins

April 18, 2024

3# Newsletter April 2024

Since going live on the 5th March 2024 for electronic trading and a shift to digital-first operations, we have significantly modernised our venue for trading unquoted securities. Our team is proving the thesis that seamless electronic connection brings more liquidity and greater transparency.  We’re encouraged to see JP Jenkins maintain its position as the first choice Matched Bargain Facility.

Trading volumes continue to exceed expectations and we continue to offer a liquidity venue for companies that are waiting to IPO or seeking to remain private. We now have a combined market capitalisation / valuation across our admitted private company  clients of circa  £1.3bn. This represents  an increase of over 100% growth in the 12 months. In the first month anniversary of us going ‘live’ with electronic trading, the team has completed over £10m+ in consideration of trading and over 400m+ shares being traded.

Last week we saw Cafedirect PLC and Loopup Group PLC shares admitted to our platform.

Steve Flavell, LoopUp co-CEO said “We are delighted to be able to support our shareholders and future investors by being part of JP Jenkins. The venue gives us continued structural features similar to public markets, such as transparency and investor access, and will enable us to continue to grow our multinational cloud telephony business while supporting our existing shareholder base with price transparency and the ability to buy and sell shares.”

John Steel, Cafedirect’s CEO said “We are delighted to be able to offer buyers and sellers of Cafedirect shares a platform to execute transactions via matched bargain on a secondary market”.

We have three more going live in Lexington Gold (Warrants), Red X Pharma PLC and Molecular Energies PLC.. The team is also in talks with over 20+ delistings to support a move to our venue and away from the public markets where it doesn’t seem necessary to maintain a listing.

Latest News:

In the latest article SmallCap RoundUp from The Armchair Trader we saw two companies that are intending to join us very shortly.

Molecular Energies PLC [LON:MEN] topped the board, up 60%. Whilst the stock has had a tough ride in recent months, yesterday’s confirmation that the business would move its listing from AIM to the JP Jenkins private venue has offered some clarity, allowing the share price to post a meaningful recovery as a result.

Redx Pharma [LON:REDX] was second, up 22%. This is a business that has elected to leave the main market and migrate to the JP Jenkins private venue. That process is still playing out, but the stock continues to gain ground from the losses posted in the immediate reaction to the news a couple of weeks back.

Please see the full article here: https://www.thearmchairtrader.com/smallcap-round-up-molecular-energies-redx-pharma-seed-innovations

Iress Partners with InfinitX, JP Jenkins for Unlisted Security Trading

Iress today announces that it has partnered with InfinitX to enable its clients to trade unlisted securities through Iress’s EMS Trader and IOS+ platforms. This fully electronic integration with JP Jenkins, the liquidity venue for unlisted assets, enables private companies to allow trading in their shares on a matched bargain basis. Any client using Iress’s Order Management System is able to connect directly to the JP Jenkins venue and submit expressions of interest to buy or sell shares. See full article here: https://lnkd.in/eyNw4mCd

At the same time as lots of new onboardings and trading, our team was round the city running events, panels and presentations. Head of Corporate, Mason Doick took to the panel at UK Fintech Week to discuss more around JP Jenkins’ ambitions and responsible innovation both in terms of meaningful fintech collaborations and positive outcomes for shareholders.

Client News:

Last week one of our clients, Carlisle Support Services, provided the Grand National festival with a comprehensive service including Security and Stewarding at Aintree Racecourse including  Security Officers on the Merseyrail train stations. Well done to Carlisle Support Services and all their team!

One of our clients, Agronomics Limited has its Warrant’s trading on JP Jenkins and just released their latest Q1 update for 2024 here: https://www.youtube.com/watch?v=6r1urFCA9rg

Events

Fintech Scotland hosted an event this month at Scotland House as part of London Fintech Week around responsible innovation for financial technology. We were honoured to have Mason Doick deliver a message around how transparency, liquidity and access are supporting financial technology growth companies and providing a bridge to London based capital.

We are working with The Chartered Institute for Securities & Investment (The CISI) hosting three webinars focusing on the evolving world of private securities. Earn CPD hours and learn about access to JP Jenkins as well as the private market environment both here and globally.  Sign up here. The first one is on 22 May.

As always, if you want to learn more about JP Jenkins – please check out the videos below or contact our team on 0207 469 0937 or email info@jpjenkins.com

Learning 101 with  JP Jenkins – Check out our latest videos here on:

Who is JP Jenkins?

Why do companies join?

How to trade?