Applied Graphene Materials PLC commences trading on the OTCQB Venture Market (9551V)
12 August 2020 - 11:00PM
UK Regulatory
TIDMAGM
RNS Number : 9551V
Applied Graphene Materials PLC
12 August 2020
12 August 2020
Applied Graphene Materials plc
("Applied Graphene Materials", "AGM" or "the Group")
Applied Graphene Materials commences trading on the OTCQB
Venture Market in the United States
Applied Graphene Materials (LSE: AGM), the producer of specialty
graphene materials, is pleased to announce that the Company's
shares will cross-trade publicly on the US OTCQB Venture Market
("OTCQB"), under the ticker APGMF, commencing 12 August 2020.
Trading on the US OTC market will have no impact on existing AGM
ordinary shares admitted to trading on the AIM Market of the London
Stock Exchange and no new ordinary shares were issued as part of
the cross-trade. The Group will continue to rely on the
announcements and disclosures it makes to the London Stock Exchange
and has no Sarbanes-Oxley or SEC reporting requirements.
The cross-trading facility is provided through OTC Markets Group
Inc., located in New York. OTC Markets operates the world's largest
electronic interdealer quotation system for US broker dealers and
offers multiple media channels to increase the visibility of
OTC-listed companies. Independent studies show that trading on the
OTC by an international company offers a positive effect on the
liquidity of its shares.
Adrian Potts, AGM CEO, commented:
"AGM is building a strong international commercial profile
including in the U.S. where we see significant potential for our
product offering, in addition to the recent signing of a
distribution agreement with Maroon Group, LLC, and so we are also
delighted to be joining the OTCQB Market, with a view to increasing
our visibility to the investment community, broadening our
shareholder base and improving liquidity."
For further information, please contact:
Applied Graphene Materials +44 (0) 1642 438 214
Adrian Potts, Chief Executive Officer
David Blain, Chief Financial Officer
Hudson Sandler +44 (0) 207 796 4133
Charlie Jack / Emily Dillon
N+1 Singer +44 (0) 207 496 3000
Peter Steel / Amanda Gray
Notes to Editors
Applied Graphene Materials works in partnership with its
customers using its knowledge and expertise to provide bespoke
graphene dispersions and formats to deliver enhancements and
benefits for a wide range of applications. The Group's strategy is
to target commercial applications in three core markets: coatings,
composites and functional materials.
The Group has developed proprietary bottom-up processes which
are capable of producing high purity graphene nanoplatelets using a
continuous process. The manufacturing process is based on
sustainable, readily available raw materials and therefore does not
rely on the supply of graphite, unlike a number of other graphene
production techniques. Applied Graphene Materials owns the
intellectual property and know-how behind this process.
Applied Graphene Materials was founded by Professor Karl Coleman
in 2010 with its operations and processes based on technology that
he initially developed at Durham University. The Group was admitted
to AIM in November 2013, raising GBP11 million, and is based at the
Wilton Site on Teesside. In January 2016 the Group raised GBP8.5m
to support its ongoing activities and in October 2017 the Group
raised a further GBP9.8m.
https://www.appliedgraphenematerials.com/
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