Earthport is launch member of Nasdaq International Designation
Launched December 9th 2015, the Nasdaq International Designation is a new designation for international companies that have Level 1 American Depository Receipts ("ADRs") and shares that trade on the OTC in the U.S. Earthport is one of eleven exclusive launch participants, which between them represent a diverse range of industries and geographies.
The designation is designed to attract greater visibility and awareness to international companies that have OTC traded shares. As a participant, Earthport will be able to use the designation on all public relations and investor relations materials. In addition, the Company will receive Nasdaq's IR tools and services to better understand the trading of its U.S. shares and help identify and target U.S. investors. Earthport's shares will continue to trade as normal on the OTC and in London on the AIM market as before.
Nelson Griggs, Executive Vice President of Nasdaq said: "The U.S. capital markets are home to the largest pool of investor capital in the world, but many U.S. investors do not invest in Level 1 ADRs traded on the OTC.
"We are excited about helping world-class companies increase awareness with investors by leveraging our global brand through the Nasdaq International Designation. The launch of this programme is very timely given the current macroeconomic environment, whereby many U.S. investors are looking to take advantage of the strong U.S. dollar to invest in international companies that are experiencing strong growth."
Hank Uberoi, CEO of Earthport, commented: "We are pleased to be an initial partner with Nasdaq on this innovative initiative. We are confident this will help promote Earthport's shares among US investors and will pave the way for other non-Nasdaq listed companies to similarly raise their profile."
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