Tirupati Graphite plc (LON:TGR), the fully integrated, revenue generating, specialist graphite producer and graphene and advanced materials developer, has announced that trading in its ordinary shares of nominal value of £0.025 each will begin today on the OTCQX® Best Market in the United States, under the ticker symbol “TGRHF”.
The Company believes that having its Ordinary Shares traded on the OTCQX Market will provide enhanced investor benefits, including greater market visibility, easier trading access for investors located in the U.S., and increased liquidity due to a broader geographic pool of potential investors.
By trading on the premium OTCQX Market, Tirupati’s shares will be available to U.S. investors during U.S. working hours and priced in U.S. dollars. Trading on the OTCQX will have no direct impact on the trading of Tirupati’s existing Ordinary Shares on the London Stock Exchange and no new Ordinary Shares will be issued as part of the cross-trade.
The OTCQX® Best Market is OTC Markets Group’s premier market for established, investor-focused U.S. and international companies on which 11,000 U.S. and global securities trade. To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction.
Shishir Poddar, Chairman & CEO of Tirupati Graphite said, “We are thrilled to begin trading on the OTCQX® Best Market. This cross-trading facility provides a fantastic opportunity to introduce an investment in Tirupati to the North American investor community. As a fast growing, innovative and disruptive company focused on flake graphite, graphene, and new age materials, which are critical to fuel the global energy transition, Tirupati is attracting the attention of investors and corporates in the region.
“We are already receiving enquiries and seeing a lot of interest for our graphite and graphene products from high profile North American customers. The OTCQX® Best Market’s cross-trading facility makes it easier for U.S. investors to trade in our Ordinary Shares and enables the Company to make information available on our developments and provide greater visibility of our endeavours to U.S. investors and corporates, which opens the possibilities of increasing cooperation’s and sales channels into the strategically important North American region.”
Jonathan Dickson, Vice President of International Corporate Services, OTC, said, “We are delighted to welcome Tirupati Graphite plc to the OTCQX® Best Market. With its primary listing remaining on the LSE, the OTCQX Market’s cross-trading facility will allow Tirupati to broaden its horizons and provide investors in the United States with the ability to access the Company’s Ordinary Shares in U.S. dollars and during U.S. market hours.”
