LONDON: Concurrent Technologies Plc (AIM: CNC), a leading designer and manufacturer of advanced computer products and mission-critical solutions, announced its approval to trade on the OTCQX Best Market in the United States. Trading under the ticker symbol COTGF, shares will commence on OTCQX today. Concurrent Technologies’ ordinary shares will continue to trade on the AIM market of the London Stock Exchange.
The company aims to better engage with U.S. investors, data distributors, and media partners through the OTCQX platform, ensuring equal access to information and disclosure provided to U.K. investors. The OTCQX trading will also enable U.S.-based employees and investors to trade the company’s shares in U.S. dollars during U.S. market hours.
No new ordinary shares will be issued in conjunction with the OTCQX trading commencement.
“We believe that trading on both the AIM and OTCQX markets will enhance our visibility and global reach,” said CEO Miles Adcock. “This move reflects the growing interest from U.S. investors and the excellent progress we’re making in our Systems unit in the U.S.”
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