Last checked at 9 Aug 2021 07:00
Mode Global Holdings PLC
("Mode" or "the Company" or "the Group")
Mode commences trading on OTCQB Venture Market in the US
● Mode's application to OTC Markets Group has been accepted
● Trading will begin today on the OTCQB Market
● Materially broadens Mode's potential investor base and boosts liquidity
Mode Global Holdings PLC ("LSE:MODE"), the LSE-listed Fintech Group, is pleased to announce it has received approval from the OTC Markets Group to commence trading on the OTCQB Venture Market ("OTCQB") under the ticker symbol "MODGF" at the opening of today's trading day.
The OTCQB Venture Market is a US trading platform that is operated by the OTC Markets Group with its headquarters located in New York. The Venture Market is the premier marketplace for entrepreneurial and development stage US and international companies which meet high financial standards, are current in their reporting and undergo an annual verification and management certification process.
Admission to the OTCQB Venture Market has no impact on trading in Mode's shares on the London Stock Exchange's Main Market, and no new shares will be issued. Mode will have no Sarbanes-Oxley or SEC reporting requirements and will continue to rely on the announcements and disclosures it makes to the London Stock Exchange.
Ryan Moore, CEO of Mode, commented on the announcement: "Mode is delighted to hear our application has been successful. Having recently been registered as a cryptoasset firm with the FCA, the timing could not be better to open the doors to US investors. European Fintechs are seeing record interest and we are in a great position to capitalise on this as one of the only publicly listed companies sitting at the intersection of Bitcoin, Open Banking and Payments. The acceptance also brings enormous benefits to our existing shareholders by boosting liquidity and exposing ourselves to a broader investor audience."
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About Mode:
Mode is an LSE-listed fintech company on a mission to build the world's most disruptive ecosystem where exchanging value and growing wealth is seamless for all. Mode is leveraging the power of Bitcoin and Open Banking to deliver on this mission and offer people a one-stop app for growing wealth and spending smarter, as well as providing businesses with a cheaper, safer and smarter alternative to card payments and boosting loyalty amongst customers.
To learn more visit our website at www.modeapp.com or our investor site at www.modeplc.com
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Contact
Maitland/AMO (PR): Kate Pledger mode@maitland.co.uk