Millionaire Leave Means Leave boss lists business on Guernsey stock exchange

Millionaire Leave Means Leave boss Richard Tice has listed his Quidnet Capital business on a stock exchange based in Guernsey.

Millionaire Leave Means Leave boss Richard Tice has listed his Quidnet Capital business on a stock exchange based in Guernsey.

Tice is currently vice-chair of the Leave Means Leave campaign alongside Nigel Farage, and was a co-founder of Aaron Banks’ controversial Leave.EU campaign.

His firm Quidnet Capital recently announced it was converting to a Real Estate Investment Trust (REIT) and listing on the Guernsey-based International Stock Exchange. The EU has criticised Guernsey for its lax business regulations.

A page on the website of the Guernsey stock exchange praises REIT structures as “tax efficient”, and implies that it can help satisfy the condition that REITs must be listed on a stock exchange without the usual requirement that a quarter of their shares must be made available for sale to the public.

Tice is also a director of Bathurst Development Limited which is wholly owned by a trust based in Bermuda.

Perhaps this what hard Brexit campaigner Tice meant when he said Brexit would allow businesses to “explore wider global opportunities”.

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