Applied Graphene Materials is pleased to announce that the Company's shares will cross-trade publicly on the US OTCQB Venture Market, under the ticker APGMF, commencing 12 August 2020.
Trading on the US OTC market will have no impact on existing AGM ordinary shares admitted to trading on the AIM Market of the London Stock Exchange and no new ordinary shares were issued as part of the cross-trade. 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. Independent studies show that trading on the OTC by an international company offers a positive effect on the liquidity of its shares.
Adrian Potts, AGM CEO, commented:
"AGM is building a strong international commercial profile including in the U.S. where we see significant potential for our product offering, in addition to the recent signing of a distribution agreement with Maroon Group, LLC, and so we are also delighted to be joining the OTCQB Market, with a view to increasing our visibility to the investment community, broadening our shareholder base and improving liquidity."