Business
COMMENCEMENT OF TRADING ON OTCQX
COMMENCEMENT OF TRADING ON OTCQX.
About this update from Yellow Cake Plc
[{"type":"text","content":"\n \n \n 22 June 2022\n \n \n \n \n \n \n \n \n \n \n \n \n Yellow Cake plc (\"Yellow Cake\" or the \"Company\")\n \n \n \n \n COMMENCEMENT OF TRADING ON OTCQX\n \n \n \n Yellow Cake, a specialist company operating in the uranium sector holding physical uranium for the long term, is pleased to announce that it has\n qualified to trade on the OTCQX® Best Market, t\n he OTC Markets Group's premier market for established companies\n . Yellow Cake upgraded to OTCQX from the Pink® market and begins trading today on OTCQX under the symbol \"YLLXF\". Yellow Cake's ordinary shares will remain quoted on the AIM market of the London Stock exchange under the ticker symbol \"YCA\".\n \n \n By upgrading to the OTCQX, Yellow Cake offers its current and prospective U.S. investors improved market visibility, increased trading liquidity and the most up-to-date information otherwise not found on the Pink® market. Approximately 48% of the Company's investor base is in North America. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.\n \n \n OTC Markets Group Inc. is an operator of financial markets for 12,000 U.S. and global securities. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company at www.otcmarkets.com/stock/YLLXF. \n \n \n Galanopoulos & Company acted as the company's OTCQX sponsor.\n \n \n \n Andre Liebenberg, CEO of Yellow Cake, said:\n \n \n \n \n \"We are delighted to have qualified to begin trading our shares on the OTCQX Market. It highlights the growing profile of our business, but also the increased awareness and endorsement of our long term investment case. Further, around half of our investors are already based in North America, so it is only right we take the steps to provide them with greater liquidity and market visibility. Trading on OTCQX Market is another important milestone in the continued development of Yellow Cake. The supply demand fundamentals that have driven the growth in Yellow Cake to date are as relevant today as they were when we first chose to list in London. Recent geopolitical events only serve to reaffirm those fundamentals. We remain as confident as ever in our strategy and in our ability to deliver long term value for our s...