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Pin to quick picksIq-ai Ltd Regulatory News (IQAI)

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Start of Trading on the OTCQB Venture Market

1 Sep 2021 10:00

RNS Number : 3752K
IQ-AI Limited
01 September 2021
 

September 1, 2021

IQ-AI Limited

("IQ-AI" or the "Company")

 

IQ-AI shares to commence trading on the OTCQB Venture Market in the United States

 

IQ-AI Limited (LSE: IQAI) is pleased to announce that the Company's ordinary shares will today begin trading on the OTCQB Venture Market ("OTCQB") in the United States, under the ticker symbol "IQAIF".

 

The Company's objective in listing its shares on the OTCQB is to provide more efficient access to a new and materially larger pool of prospective US investors. The Directors believe that IQ-AI's OTCQB listing will enable the Company to engage with a significant network of US investors, data distributors and media partners, ensuring that US investors have access to the same level of information and disclosure that is available to investors in the United Kingdom.

 

The OTCQB trading facility is provided through OTC Markets Group Inc, located in New York. OTC Markets Group Inc. operates the world's largest electronic interdealer quotation system for US broker dealers and offers multiple media channels to increase the visibility of OTC-listed companies. Independent studies show that trading on the OTCQB by an international company offers a positive effect on the liquidity of its shares.

 

Trading on the OTCQB market will have no impact on the IQ-AI ordinary shares admitted to listing on the London Stock Exchange's Main Market under the symbol "IQAI", and no new ordinary shares have been admitted as part of the OTCQB listing. The Company will continue to rely on the announcements and disclosures it makes to the London Stock Exchange and has no Sarbanes-Oxley or SEC reporting requirements.

 

IQ-AI CEO, Trevor Brown, commented:

 

"The United States is home to some of the world's most influential medical technology investors. By joining OTCQB, we now have an effective platform from which to reach a significantly larger investor audience and we look forward to providing investors in both the UK and the United States with regular progress updates at this exciting and pivotal time for the Company."

 

Jonathan Dickson, VP of International Corporate Services at OTC Markets, said:

 

"Congratulations to IQ-AI Ltd on joining the OTCQB Venture Market. We are pleased to support innovative and entrepreneurial international companies seeking to strengthen transparency and to provide better access to disclosure and trading for investors in the United States. Cross-trading on OTCQB in the U.S will enable IQ-AI, which is listed on the London Stock Exchange's Main Market, to diversify its investor base and to expand its global engagement even further."

 

The Company would like to thank Nikolaos Galanopoulos of Galanopoulos & Company, the corporate securities law firm that acted as Sponsor for the Company's application to commence cross-trading on the OTCQB.

 

The Directors of the Company accept responsibility for the contents of this announcement.

 

IQ-AI Limited

Trevor Brown/Dr Qu Li/Vinod Kaushal

 

0207 469 0930

 

Peterhouse Capital Limited

Lucy Williams/Heena Karani

 

0207 220 9797

 

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UPDDZGGLRMMGMZG
Date   Source Headline
23rd Mar 20063:28 pmRNSAdditional Listing
16th Mar 20063:18 pmRNSDirector/PDMR Shareholding
14th Mar 20063:43 pmRNSAnnual Information Update
14th Mar 200612:26 pmRNSDirector/PDMR Shareholding
10th Mar 20067:01 amRNSDirectorate Change
10th Mar 20067:01 amRNSFinal Results
27th Feb 200611:00 amRNSNotice of Results
10th Jan 20067:00 amRNSTrading Statement
9th Dec 20054:07 pmRNSTransaction in Own Shares
14th Nov 20057:01 amRNSChange of Adviser
21st Oct 200512:28 pmRNSHolding(s) in Company
18th Oct 20058:00 amRNSTransaction in Own Shares
17th Oct 20057:00 amRNSTransaction in Own Shares
10th Oct 20054:39 pmRNSTransaction in Own Shares
30th Sep 200511:58 amRNSAcquisition of GBS-replacemt
30th Sep 20057:01 amRNSAcquisition of GBS
29th Sep 20054:00 pmRNSDirectorate Change
24th Aug 200512:18 pmRNSAdditional Listing
12th Aug 200512:58 pmRNSDirector/PDMR Shareholding
11th Aug 200511:58 amRNSAdditional Listing
11th Aug 200511:37 amRNSDirector Shareholding
9th Aug 200511:00 amRNSDirector Shareholding
29th Jul 20057:00 amRNSInterim Results
7th Jul 20057:00 amRNSNotice of Results
5th Jul 200511:00 amRNSChange of Adviser
12th May 20058:27 amRNSTransaction in Own Shares
20th Apr 20057:46 amRNSDirector Shareholding
18th Apr 20052:54 pmRNSAcquisition Completion
18th Apr 20059:32 amRNSDirector Shareholding
4th Apr 200512:00 pmRNSDirectorate Change
4th Apr 200512:00 pmRNSTrading Statement
24th Mar 20052:00 pmRNSDirectorate Change
11th Mar 20057:01 amRNS2004 Final Results
28th Feb 200512:55 pmRNSHolding(s) in Company
28th Jan 20059:00 amRNSTrading Statement

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