Cross-Trading on the U.S. OTCQX Market
EnSilica plc has announced its ordinary shares have been approved for cross-trading on the U.S. OTCQX Best Market under the ticker symbol "ENSIF," commencing later today, while continuing to trade on AIM as "ENSI." This move aims to increase the company's exposure to U.S. investors, particularly given its strong position in satellite chip supply within the growing SpaceTech sector. The OTCQX Market requires issuers to maintain up-to-date financial reporting and meet specific criteria, indicating EnSilica's commitment to transparency and accessibility for a broader investor base.
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EnSilica plc (AIM: ENSI), a leading fabless, application-specific chipmaker, is pleased to announce that its ordinary shares of 0.1 pence each ("Ordinary Shares") have been approved to trade on the OTCQX Best Market ("OTCQX Market") in the United States. The Ordinary Shares will commence cross-trading on the OTCQX Market in the United State later today under the ticker symbol "ENSIF".
The OTCQX Market, recognised by the United States Securities and Exchange Commission as an established public market, serves as a leading platform for both domestic and international growth-stage companies. Admission to the OTCQX Market requires issuers to maintain up-to-date financial reporting, meet minimum bid price criteria, and complete an annual verification and management certification process.
Ian Lankshear, CEO of EnSilica, said:
"Investors globally are rightly very focused on the SpaceTech sector given its clear commercial importance, and as a successful British company, with a strong position in satellite chip supply, we believe it is the right moment to increase EnSilica's exposure to U.S. investors and facilitate their ability to trade in our stock by joining the OTCQX Market."
The Ordinary Shares will continue to trade on AIM under the ticker "ENSI".
| EnSilica plc Ian Lankshear, Chief Executive Officer Kristoff Rademan, Chief Financial Officer www.ensilica.com | via Novella Communications +44 (0)20 3151 7008 |
| Allenby Capital Limited (Nominated Adviser & Joint Broker) Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Joscelin Pinnington / Tony Quirke (Sales & Corporate Broking) | +44 (0)20 3328 5656 info@allenbycapital.com |
| Panmure Liberum Limited (Joint Broker) Edward Mansfield / Will King / Phoebe Bunce | +44 (0)20 3100 2000 |
| Novella Communications (Investor & Financial Public Relations) Tim Robertson / Aeliya Bilgrami | +44 (0)20 3151 7008 ensilica@novella-comms.com |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.