13th Feb 2025 12:03
(Alliance News) - Concurrent Technologies PLC on Thursday said it will now begin also trading its shares on the OTCQX Best Market in the US.
The Colchester, England-based designer and manufacturer of computer products for use in critical embedded applications said trading will begin at the US market open on Thursday, under the ticker symbol COTGF.
Concurrent Technologies shares will continue to trade on the London Stock Exchange's AIM market, too.
"We believe that having Concurrent's shares trade on both the AIM and OTCQX markets will enhance visibility of the business and expand our global reach," said Chief Executive Officer Miles Adcock.
"This decision follows an already increased level of interest from US investors, driven by the excellent progress the company is making across the Systems unit in the US."
No new shares will be issued as part of the launch of trading on OTCQX, the group added.
Shares in Concurrent Technologies were up 3.0% at 195.67 pence each at midday on Thursday in London.
By Emily Parsons, Alliance News reporter
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