Business
EMH ADS TO TRADE IN THE U.S.
EMH ADS TO TRADE IN THE U.S..
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 3629C\n European Metals Holdings Limited\n 18 June 2021\n \n \n \n \n For immediate release\n \n \n 18 June 2021\n \n \n EUROPEAN METALS HOLDINGS LIMITED\n \n \n EMH ADS TO TRADE IN THE U.S.\n \n \n HIGHLIGHTS\n \n \n • \n EMH expands presence in the U.S. with Deutsche Bank appointed as the depositary bank for EMH's American Depositary Shares (ADS)\n \n \n • \n EMH and Deutsche Bank establishing a sponsored Level 1 ADS program with each ADS representing 20 ordinary EMH shares \n \n \n • \n ADSs expected to commence trading on the OTC Market as a member of the Nasdaq International Designation during July 2021 under the ticker symbol \"EMHYY\" \n \n \n • \n Extensive marketing campaign to begin to new U.S. investors, further build relationships with U.S. banks, green energy funds and institutional investors and brokers \n \n \n • \n Prague Listing to be postponed at suggestion of Prague Stock Exchange\n \n \n \n European Metals Holdings Limited\n \n (ASX & AIM: EMH, NASDAQ: ERPNF) (\"EMH\", \"European Metals\" or the \"Company\") is pleased to advise it has appointed one of the world's leading depositary banks, Deutsche Bank, as the depositary bank for the issue of its American Depositary Shares (\"ADS\"). \n \n \n European Metals will work with Deutsche Bank to create a sponsored Level 1 ADS program with each ADS issued under the program representing 20 ordinary shares of the Company. It is intended that EMH's ADS will commence trading on the OTC Market as a member of the Nasdaq International Designation under the ticker symbol \"EMHYY\" during July 2021 which is expected to attract institutional and fund investors who are restricted from trading in non US stocks.\n \n \n The Nasdaq International Designation and Level 1 ADS program in the United States will enable new and existing U.S. investors to trade EMH's ADS electronically 'commission free' on most retail trading platforms such as Charles Schwab, E-Trade, TD Ameritrade in U.S. dollars and during normal U.S. trading hours. European Metals' Certificates of Depositary Interest (''CDIs''), representing ordinary shares and ordinary shares in the Company, will continue to trade on the ASX and AIM, a market of the London Stock Exchange, respectively, under the symbol \"EMH\" as will the shares with the tickers ERPNF and EMHLF currently trad...