20th Apr 2023 14:35
(Alliance News) - Pebble Group PLC on Thursday said that its shares will now trade on the OTCQX Best Market in the US, under the symbol 'PEBBF'.
The OTCQX is the top tier of three marketplaces for over-the-counter trading of stocks in the US. Over-the-counter trading is the process of trading securities via a broker-dealer network rather than a centralised exchange.
The Manchester, England-based technology and services provider said this will not affect trading of its shares on AIM, which will continue undere the ticker 'PEBB'.
"Trading on the OTCQX offers enhanced investor benefits in the form of easier trading access for employees and other investors located in the US, and potentially greater liquidity due to a broader geographic pool of potential investors. Through trading on the OTCQX, the company will be able to engage with a network of US investors, ensuring that they have the same level of information and disclosure available to investors in the UK, but through US-facing platforms and portals," Pebble said.
Shares in Pebble were down 0.4% to 113.10 pence each in London on Thursday afternoon.
By Sophie Rose, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Related Shares:
The Pebble Gro.