Commencement of Trading on OTCQX in the U.S.
Concurrent Technologies begins trading on OTCQX in the US under ticker COTGF, alongside existing AIM listing.
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Concurrent Technologies Plc (AIM: CNC), a designer and manufacturer of leading-edge computer products, systems, and mission-critical solutions used in high-performance markets by some of the world's major OEMs, is pleased to announce that it has been approved to trade on the OTCQX® Best Market ("OTCQX") in the United States of America ("United States" or "U.S."). Trading on OTCQX will commence at the market open today under the ticker symbol COTGF. The Company's ordinary shares will continue to trade on the AIM market of the London Stock Exchange.
Through trading on OTCQX, the Company believes it will be better able to engage with U.S. investors, data distributors and media partners, ensuring that they have access to the same level of information and disclosure available to investors in the United Kingdom, but through U.S.-facing platforms and portals. In addition, the OTCQX trading facility will provide the Company's U.S. based employees and other investors with the ability to trade the Company's ordinary shares in U.S. dollars during U.S. market hours.
No new ordinary shares will be issued as part of the commencement of trading on OTCQX.
Miles Adcock, CEO of Concurrent Technologies, commented: "We believe that having Concurrent's shares trade on both the AIM and OTCQX markets will enhance visibility of the business and expand our global reach. This decision follows an already increased level of interest from U.S. investors, driven by the excellent progress the Company is making across the Systems unit in the U.S."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.