Mark Nicol, Managing Director of The International Stock Exchange Authority, which is the market operator of The International Stock Exchange (TISE), said:

“The LF Woodford Equity Income Fund (WEIF) is a fund regulated by the UK’s Financial Conduct Authority (FCA). WEIF is not listed on TISE.

“WEIF has holdings in several securities listed on TISE, which is a market operated by The International Stock Exchange Authority.

“On 12 April 2019, dealings were suspended in the TISE-listed securities of three of those issuers – Ombu Group Limited, IH Holdings International Limited and BenevolentAI Limited. The suspension of dealings in those securities was subsequently lifted following discussions with the issuers and their sponsor. 

“The International Stock Exchange Authority has noted the suspension of dealings in WEIF (regulated by the UK FCA and not listed on TISE) and continues to monitor the situation as relevant to the TISE-listed securities held by WEIF.”