The FINANCIAL -- NYSE Euronext is pleased to announce today’s listing of ISA–
Intelligent Sensing Anywhere, SA, a specialist and leader in telemetry
and remote management solutions in areas such as gas, oil, energy and
environment, on NYSE Alternext.
ISA is the first Portuguese company to be listed on NYSE Alternext.
ISA was founded in 1990 by an entrepreneurial group of graduates from the University of de Coimbra. 22 years later ISA is a company with international success - with solutions implemented on five continents - and focussed on two main areas: oil & gas and energy efficiency.
ISA expects to increase turnover by 60% from 7,6 million Euros to 12 million Euros in 2013.
ISA (ticker: AL ISA) was listed through admission to trading of 1,500,000 shares. 520.626 new shares were issued under a private placement generating more than 2,6 million Euros. This operation valued the company in 7,5 million Euros.
The listing sponsor of the first Portuguese company on NYSE Alternext was Montepio Geral bank and Uría Menéndez Proença de Carvalho was the legal adviser throughout the process.
“We are delighted to welcome ISA as the first Portuguese company to join NYSE Alternext. Becoming listed is, for any company, a strategic decision that can provide substantial benefits, particularly in challenging times such as the one we’re living”, said Luis Laginha de Sousa, CEO of NYSE Euronext Lisbon.
“We hope that this new phase can provide ISA, its shareholders, employees and other stakeholders, the expected results and can also stimulate other Portuguese companies to recognize in the capital markets, a larger part of the solutions for the challenges they face”, he added.
“With the first listing on NYSE Alternext, a window of opportunity is open for Portuguese SMEs to benefit from an alternative financing source. We would like to stress the role of Montepio as Listing Sponsor, as well as Uría Menéndez Proença de Carvalho as legal adviser throughout the process”, said Miguel Geraldes Head of Cash Market & Listing, Lisbon and Head of Relationship Management, Iberia.
"Our company is enjoying a strong momentum of growth and international expansion. To accomplish our objectives we decided to list ISA on the exchange as a way to strengthen the company's credibility and reputation among customers, suppliers and partners, as well as to facilitate future capital increases that may be necessary for the development of our activities”, said the CEO of ISA, José Basílio Simões.
“It is an honor for us to be the first Portuguese company to be listed to NYSE Alternext and we hope that our initiative will be followed by many other entrepreneurs, bringing more dynamism to the capital market and to the Portuguese economy”, he added.
According to NYSE Euronext, in seven years, €2.7 billion has been raised on NYSE Alternext, half through secondary issues, by companies from countries including Belgium, Canada, China, France, Italy, Luxembourg, the Netherlands, Spain, the UK and the US. Their market capitalisation totals €6.2 billion. More than 180 companies are listed on NYSE Alternext.