DTC Eligibility to Improve U.S. Trading Liquidity
ACG Metals Limited has announced its class A ordinary shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (DTC), a move expected to improve trading liquidity by simplifying the process for U.S. investors and broker-dealers, reducing settlement times, and administrative friction. This DTC eligibility complements the existing eligibility for clearing and settlement through the CREST system in the United Kingdom.
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ACG is pleased to announce that its class A ordinary shares (the "Shares") are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company ("DTC").
DTC is a subsidiary of the Depository Trust & Clearing Corporation and provides the primary electronic clearing and settlement infrastructure used by U.S. broker‑dealers. DTC eligibility allows transactions in respect of the Company's shares to be settled electronically through DTC's book‑entry system.
The approval of DTC eligibility makes it easier for U.S. investors and broker‑dealers to trade and settle the Company's shares across a broader range of U.S. brokerage platforms, simplifying the trading process, reducing settlement times and administrative friction, and supporting improved liquidity in the United States.
The Shares also remain eligible for clearing and settlement through the CREST system in the United Kingdom.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.