March 21, 2013 Elemental CoSec takes on a fresh face, advising Microskin Plc on its European admission
Elemental CoSec’s company secretarial and legal experts have advised Microskin Plc on its corporate structuring and initial admission to the GXG:First Quote stock exchange.
Elemental CoSec’s director, Nick Lindsay commented “This was a fascinating deal for us and a great opportunity to work with a company doing some truly innovative work helping people with skin conditions. Bringing an Australian business to the UK market shows the truly global ambitions of Microskin and we are proud to help the leadership team achieve their goals.”
Microskin produce a revolutionary simulated second skin that is individually formulated to color correct a range of skin conditions such as eczema, vitiligo, psoriasis and dermatitis. Founded in 2005, Microskin has already assisted people from all over the world and this listing will give them a springboard into new global markets.
Microskin is now quoted on the GXG:First Quote market and also plans to have move to higher level of the GXG exchange or undertake a dual listing on the Frankfurt Stock Exchange with access to an even wider range of investors with an initial market capitalisation of €16 million, .
Mr Barry Amor, Executive Chairman of Microskin said “It’s been a pleasure working with Elemental CoSec who have guided us through the process with skill and care. We look forward to working with them in the future as we continue to grow”
Elemental CoSec worked with Microskin’s corporate advisors, Stepping Stone Equity and Microskin’s management team as part of this listing and will continue to advise Microskin on its company secretarial requirements going forward.
About Elemental CoSec
Elemental CoSec is a full service company secretarial and corporate service firm. Specialising in helping its clients manage their compliance function in a professional and efficient manner. Elemental CoSec provides legal, financial and governance advice as needed and focuses on improving the output of the compliance functions.
The concept of Microskin, a world first skin simulation technology, was originally conceived after realising that make-up was the only method of concealing or camouflaging skin conditions. What transpired after many years of research into cosmetic chemistry was a system to develop a spray-on simulated application individually formulated for each client’s skin.
Microskin will not rub off, is completely waterproof, allows the skin to breath and sweat, and lasts for several days. Since the opening of its first clinic in Brisbane in July 2005, Microskin has assisted people from all over the world.
About Stepping Stone Equity
Stepping Stone Equity offers a specialist’s stock exchange listing services that covers multiple disciplines and sectors. The key to its sustainable corporate outcomes is via the Capital Management Strategy through long-term involvement and delivery.