Guild Esports PLC - London-based owner and developer of e-sports teams - Files application with New York, US-based OTC Markets Group Inc for shares to be cross-traded publicly on the OTCQB Venture Market, to become more widely available to US investors. Notes trading on US OTC market would have no impact on existing shares trading on the Main Market of the London Stock Exchange and no new shares will be issued as part of the cross-trade. Says the cross-trading facility will be provided through OTC Markets Group if the application is successful.
"We would like to make Guild available to US markets in order to gain access to a broader investor base and enhance our visibility in North America, where many of our potential sponsors and fans are based. Dual trading on the OTC markets represents an important development for the company," says Executive Chair Carleton Curtis.
Current stock price: 6.78 pence, up 6.8% on Monday
Year-to-date change: up 21%
By Zoe Wickens; zoewickens@alliancenews.com
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Guild Esports . (GILD)