10 Dec 2015 07:00
10 December 2015
Earthport plc
("Earthport", the "Company" or the "Group")
Earthport is a member of the Nasdaq International Designation
Earthport (AIM: EPO.L), the leading payment network for cross border transactions, announces that the Company is a launch member of Nasdaq International Designation.
Launched December 9th 2015, the Nasdaq International Designation is a new designation for international companies that have Level 1 American Depository Receipts ("ADRs") and shares that trade on the OTC in the U.S. Earthport is one of eleven exclusive launch participants, which between them represent a diverse range of industries and geographies.
The designation is designed to attract greater visibility and awareness to international companies that have OTC traded shares. As a participant, Earthport will be able to use the designation on all public relations and investor relations materials. In addition, the Company will receive Nasdaq's IR tools and services to better understand the trading of its U.S. shares and help identify and target U.S. investors. Earthport's shares will continue to trade as normal on the OTC and in London on the AIM market as before.
Nelson Griggs, Executive Vice President of Nasdaq said: "The U.S. capital markets are home to the largest pool of investor capital in the world, but many U.S. investors do not invest in Level 1 ADRs traded on the OTC.
"We are excited about helping world-class companies increase awareness with investors by leveraging our global brand through the Nasdaq International Designation. The launch of this programme is very timely given the current macroeconomic environment, whereby many U.S. investors are looking to take advantage of the strong U.S. dollar to invest in international companies that are experiencing strong growth."
Hank Uberoi, CEO of Earthport, commented: "We are pleased to be an initial partner with Nasdaq on this innovative initiative. We are confident this will help promote Earthport's shares among US investors and will pave the way for other non-Nasdaq listed companies to similarly raise their profile."
For further information, please contact:
Earthport plc Hank Uberoi, Chief Executive Officer Simon Adamiyatt, Chief Financial Officer
| 020 7220 9700 |
Panmure Gordon (UK) Limited Mark Taylor / Fred Walsh
| 020 7886 2500 |
Newgate Communications Tim Thompson / Bob Huxford / Helena Bogle | 020 7653 9850 |
About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets.
As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of approximately $8.8 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
About Earthport:
Earthport plc is a financial services organisation providing cross-border payments services to banks, e-commerce providers, money transfer companies and payment administrators. Earthport is headquartered in London with a regional office in New York.
One of the FinTech50 2015 - judged to be the game-changers transforming the future of finance - Earthport is also winner of the Grant Thornton Quoted Company Awards 2015 Technology company of the year award and FStech/Retail Systems' B2B Payments Innovation of the Year (2014).
Earthport provides the industry with the largest open network for global bank payments. Worldwide, over 50 banks are connected into Earthport's network for the efficient clearing of low value payments. With one connection to Earthport's network, clients benefit from sophisticated validation and compliance services, efficiently serving their customers with more innovative payment products.
Earthport is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. Earthport plc is authorised and regulated by the Financial Conduct Authority under the Payment Service Regulations 2009 for the provision of payment services. Find out more at www.earthport.com and on Twitter @Earthport, LinkedIn, Youtube, Slideshare and Google+.