London, December 8th, 2015 – the Social Stock Exchange (SSX) – the UK’s new market for impact – has today announced that Chototel One Ltd (www.chototel.com) has been approved as a member following the ratification of its impact report by the independent Admissions Panel.
Chototel seeks to address housing poverty, an issue which affects 1.6 billion people globally. Chototel, formed from the words “chotu” (meaning small) and hotel, is rolling out an exciting project building ‘super-budget hotels’, where tariffs start from US$2/day with uninterrupted utilities, with its first pilot in India.
The Social Stock Exchange enables its accredited impact issuers to raise capital or undertake primary or secondary listings of debt or equity instruments.
About the Social Stock Exchange
The Social Stock Exchange was launched in June 2013. The aim of the exchange is to help businesses that deliver a social or environmental impact connect with investors and unlock capital at scale. All issuer member companies must meet a rigorous set of criteria before joining, including the publication of an Impact Report.
In January, the Social Stock Exchange and ICAP Securities & Derivatives Exchange Limited (“NEX”) launched the Social Stock Exchange branded market segment for impact businesses. NEX is a Recognised Investment Exchange operating a regulated market and a growth market and provides a secondary market trading facility. NEX is supervised by the Financial Conduct Authority (“FCA”).
Approved membership of the Social Stock Exchange stands at 29 firms with a combined market capitalisation of nearly £2bn.
For more information please contact:
T: +44 7973 284 749
Social Stock Exchange
T: +44 (0) 203 7516 443
Chototel One Ltd