Tintra PLC Commencement of Trading on OTCQB Venture Market (0224Q)
25 Oktober 2021 - 8:00AM
UK Regulatory
TIDMTNT
RNS Number : 0224Q
Tintra PLC
25 October 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
25 October 2021
TINTRA PLC
("TNT", the "Group" or the "Company")
Commencement of Trading on OTCQB Venture Market
As announced on 30 July 2021, the Company has been engaged with
OTC Markets regarding a cross-trading facility on the OTCQB Venture
Market in the United States (the "OTCQB"). The board of directors
of the Company (the "Board") is pleased to announce that this
process has now completed and the Company's ordinary shares of 1
pence each ("Ordinary Shares") will commence trading on the OTCQB
before the end of this week with the ticker "TNTAF". A further
announcement will be made prior to trading commencing.
The OTCQB is designed to allow developing international
companies to be publicly traded in the United States. The Company
believes that having its Ordinary Shares traded on the OTCQB is a
cost-effective solution which will provide enhanced investor
benefits, including easier trading access for investors located in
the US, and greater liquidity due to a broader geographic pool of
potential investors. A market maker will be appointed in the US to
support the trading on the OTCQB.
The OTCQB is recognised as an "Established Public Market" by the
U.S. Securities and Exchange Commission (the "SEC"). The OTCQB is a
leading market for US and international companies in the
entrepreneurial and development stage. Trading on the OTCQB will
have no impact on the trading of Tintra's Ordinary Shares on AIM
and no new Ordinary Shares will be issued as part of the
cross-trading facility.
Tintra will continue to rely on the announcements and
disclosures it makes to the London Stock Exchange and will have no
Sarbanes-Oxley or SEC reporting requirements.
Richard Shearer, Chief Executive of Tintra, said: "As described
elsewhere, we are executing on our strategy to build a global
banking infrastructure that provides banking services and unlocks
value in emerging markets using artificial intelligence to solve
the current compliance gap. This is another step on that road
map.
Whilst the UK is becoming more and more evolved in the fintech
arena, it remains that the US is the global driver in the space and
more precisely, in AI. Further, many of our conversations with
institutional investors have been in the US and we believe giving
retail investors direct access to Tintra via OTCQB needs to be an
integral part of our plan as we execute on our strategy.
We are building a truly global business and by giving investors
in the US direct access to our stock we believe we may be able to
access deeper liquidity and scale faster than in the UK alone and I
personally hope that this illustrates our seriousness in succeeding
in what we have set out to achieve.
For further information, contact:
Tintra PLC
Richard Shearer, CEO
Website www.tintra.com 020 3795 0421
Allenby Capital Limited
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss / Vivek
Bhardwaj 020 3328 5656
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCGZMZGGFVGMZM
(END) Dow Jones Newswires
October 25, 2021 02:00 ET (06:00 GMT)
Tintra (LSE:TNT)
Historical Stock Chart
Von Sep 2024 bis Okt 2024
Tintra (LSE:TNT)
Historical Stock Chart
Von Okt 2023 bis Okt 2024