Tekcapital plc Commencement of Trading OTCQB Venture Mkt in USA (4226N)
01 Febbraio 2021 - 8:00AM
UK Regulatory
TIDMTEK
RNS Number : 4226N
Tekcapital plc
01 February 2021
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
1(st) February 2021
("Tekcapital", the "Company" or "the Group")
Tekcapital commences trading on the OTCQB Venture Market in the
United States
Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF) the UK intellectual
property investment group focused on creating marketplace value
from investing in university technology, is pleased to announce
that the Company's shares will cross trade publicly on the US OTCQB
Venture Market ("OTCQB"), under the ticker TEKCF, commencing 1(st)
February 2021.
Tekcapital's ordinary shares will continue to trade on the AIM
Market of the London Stock Exchange under the ticker TEK and are
fully fungible. Tekcapital is not conducting a fundraising
associated with this initiation of a quotation and cross-trading on
the OTCQB Market. The Group 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.
The cross-trading facility is provided through OTC Markets Group
Inc., located in New York. OTC Markets 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.
Jonathan Dickson, VP of International Corporate Services at OTC
Markets, said: "We are delighted to welcome Tekcapital plc to the
OTCQB Market. With its primary listing remaining on London's AIM,
the OTCQB Market's cross trading facility will allow Tekcapital to
provide investors in the United States with the ability to access
the Company's Ordinary Shares in U.S. dollars and during U.S.
market hours. The OTCQB Market supports international companies
seeking to strengthen visibility and transparency within the U.S.
public market. Trading on AIM and on the OTCQB Market will enable
Tekcapital to efficiently build global investor awareness and
provide U.S. investors with a seamless trading facility, enabling
investors to more easily trade through the broker of their choice.
We would like to wish Tekcapital every success in their future
trading on the OTCQB Market."
Dr. Clifford M. Gross, Tekcapital CEO, commented, "Tekcapital's
portfolio companies are rapidly building a presence in the U.S. and
as such we are delighted to be joining the OTCQB Market, with a
view towards increasing our visibility to the investment community
and broadening our shareholder base."
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed intellectual properties (IP) and provides a
range of IP investment services to make it easy for organisations
to commercialise university-developed technology. Tekcapital is
quoted on the AIM market of the London Stock Exchange (AIM: symbol
TEK) and is headquartered in the UK. For more information, please
visit www.tekcapital.com
LEI: 213800GOJTOV19FIFZ85
For further information, please contact:
Tekcapital Plc Via Flagstaff IR
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP
(Nominated Adviser and Joint Broker) +44 (0) 20 3470 0470
Richard Morrison / Charlie Bouverat (Corporate
Finance)
Abigail Wayne (Corporate Broking)
Flagstaff Strategic and Investor Communications +44 (0)207 129 1474
Tim Thompson/Andrea Seymour/Fergus Mellon
OTC Markets
Jonathan Dickson +44 (0) 20 4526 4581
This press release is for informational purposes only. The
information herein does not constitute investment advice nor an
offer to invest and may contain statements related to our future
business and financial performance and future events or
developments involving Tekcapital that may constitute
forward-looking statements. These statements may be identified by
words such as "expect," "look forward to," "anticipate" "intend,"
"plan," "believe," "seek," "estimate," "will," "project" or words
of similar meaning. We may also make forward-looking statements in
other reports, in presentations, on social media, in material
delivered to customers, stakeholders and in press releases. In
addition, our representatives may from time to time make oral
forward-looking statements. Such statements may be based on the
current expectations and certain assumptions of Tekcapital's
management. Please note that these are subject to a number of
risks, uncertainties and factors, including, but not limited to
those described in various disclosures. Should one or more of these
risks or uncertainties materialize, or should underlying
expectations not occur or assumptions prove incorrect, actual
results, performance or achievements of Tekcapital may vary
materially from those described explicitly or implicitly in the
relevant forward-looking statement. Forward-looking statements
express, as at the date of this release, the Company's plans,
estimates, valuations, forecasts, projections, opinions,
expectations or beliefs as to future events, results or
performance. Forward-looking statements involve a number of risks
and uncertainties, many of which are beyond the Company's control,
including those associated with COVID-19, and there can be no
assurance that such statements will prove to be accurate. No
assurance is given that such forward looking statements or views
are correct or that the objectives of the Company will be achieved.
Further, valuations of Company's portfolio investments and net
asset value can and will fluctuate over time due to a variety of
factors and this could have a material impact on the Company's
financial performance. Tekcapital neither intends, nor assumes any
obligation, to update or revise these forward-looking statements in
light of developments which may differ from those anticipated.
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
MSCDKCBBPBKDNDB
(END) Dow Jones Newswires
February 01, 2021 02:00 ET (07:00 GMT)
Grafico Azioni Tekcapital (LSE:TEK)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Tekcapital (LSE:TEK)
Storico
Da Set 2023 a Set 2024