Commencement of Trading on US OTCQB Venture Market

RNS Number : 8499V

GS Chain PLC

11 April 2023

 

11 April 2023

GS CHAIN PLC
("GS Chain " or the "Company")

Commencement of Trading on US OTCQB Venture Market

GS Chain (LSE: GSC) is pleased to announce that trading in the Company's Ordinary Shares will commence today, at 2:30 p.m. (BST) on the OTCQB Venture Market ("OTC") in the United States. The Company's shares will trade on the OTC Market under the ticker GSCHF.

GS Chain's OTCQB information can be found on the OTC Markets website: https://www.otcmarkets.com/stock/GSCHF/overview

There is no associated capital raise with this cross trading and GS Chain's Ordinary Shares will continue to trade on its primary listing, the Main Market of the London Stock Exchange, under the ticker GSC.

Cross trading on the OTCQB market allows the Company to access one of the world's largest investment markets to expand its reach into a broader pool of investors. GS Chain's 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 the Company's shares on the London Stock Exchange by easing cross-border trading for potential US investors. Further information about the OTCQB market can be found at: https://www.otcmarkets.com/learn/market-101

Alan Austin, Chief Executive Officer of GS Chain, said: "Following our successful listing in May 2022, we are looking to offer our shareholders increased liquidity and trading options. Joining the OTCQB market provides us with access to investors in a major market with minimal ongoing associated costs, significantly increasing our exposure and trading liquidity with no additional reporting requirements."

"As Advisor to GS Chain, we recognised that improving investor outreach and developing a broader shareholder base within the United States would be crucial to GS Chain in meeting its growth targets", said Brian Stockbridge, CEO, First Sentinel Corporate Finance.  "Thus, we recommended a cross-trade on OTC as an easy step in accomplishing this."

About GS Chain

GS Chain seeks to identify an opportunity within the technology sector, conduct the necessary due diligence and subsequently complete an acquisition that would benefit its shareholders.

While the Board of Directors' experience spans across a wide range of business sectors, the board will focus its energy in the technology space, specifically targeting a company that leverages state of the art technology in automotive, fintech, real estate, banking, finance, telecommunications, or blockchain industries. The Board may consider other sectors if they believe such sectors present a suitable opportunity for the Company.

This announcement contains information which, prior to its disclosure, constituted inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

The directors of GS Chain accept responsibility for this announcement.

For further information please contact:

GS Chain plc www.gschain.world
Alan Austin, CEO	[e-mail] [phone]
Leon Filipovic, Chairman	[e-mail]
First Sentinel Corporate Finance (Corporate Adviser) www.first-sentinel.com
Brian Stockbridge	[e-mail]

 

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