Business
Commencement of trading on US OTCQB market
Commencement of trading on US OTCQB market.
About this update from Poolbeg Pharma Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4724G\n Poolbeg Pharma PLC\n 30 March 2022\n \n \n \n \n Poolbeg Pharma plc\n \n \n \n \n \n Poolbeg Pharma commences trading on OTCQB Market in the United States\n \n \n \n \n \n 30 \n March 2022 - \n \n Poolbeg Pharma\n \n (AIM: POLB, 'Poolbeg' or the 'Company'), a clinical stage infectious disease pharmaceutical company with a unique capital light clinical model, announces that trading in the Company's Ordinary Shares of nominal value of £0.02 each (\"Ordinary Shares\") will commence today on the OTCQB Venture Market in the United States. The Company's OTCQB shares will have the ticker:\n POLBF.\n \n \n \n \n \n There is no associated capital raise with this cross trading and Poolbeg's Ordinary Shares will continue to trade on the Alternative Investments Market (AIM) on the London Stock Exchange under ticker POLB. Cross trading on the OTCQB market allows the Company access to one of the world's largest investment markets to expand its reach into a broader pool of investors. Poolbeg shares will be available to US investors during US working hours and priced in US dollars and thus has the potential to enable greater liquidity in Poolbeg shares on AIM by easing cross-border trading for potential US investors. Further information about the OTCQB market can be found \n \n HERE\n \n . [has smart link: \n \n www.otcmarkets.com/learn/market-101\n \n ]\n \n \n \n \n \n As a Foreign Private Issuer, Poolbeg's onboarding to the OTC Markets is based on satisfaction of the requirements for OTCQB as applicable to international reporting companies including satisfaction of the criteria for the exemption under the US Exchange Act Rule 12g3-2(b) from SEC reporting. The Rule 12g3-2(b) exemption includes the disclosure obligation to ensure that certain information made public or distributed under home market regulations is made publicly available on the company's website or other electronic information delivery system in English. Thus, the Company will have no additional reporting obligations and incur minimal ongoing costs, compared to traditional major exchanges.\n \n \n \n \n \n As a verified market, the OTCQB offers transparent trading for companies that have met a minimum bid price test, are current in their financial reporting and have undergone an annual verification...