Intention to Cross-Trade on OTC Markets Group

RNS Number : 8696F

GS Chain PLC

09 November 2022

 

09 November 2022

GS CHAIN PLC
("GS Chain " or the "Company")

Intention to Cross-Trade on OTC Markets Group

GS Chain (LSE: GSC) is pleased to announce that it intends to file an application with OTC Markets Group for the Company's shares to be publicly cross-traded on the OTCQB Venture Market ("OTCQB"), which would make GS Chain's shares more widely available to North American investors.  First Sentinel Corporate Finance ("FSCF") is the Company's Adviser on the LSE and will act as OTC Sponsor to the Company. 

GS Chain's profile on the LSE can be viewed  here . GS Chain's common shares will continue to trade on the London Stock Exchange (the "LSE") under the symbol "GSC".

Alan Austin, Chief Executive Officer of GS Chain, said: "We would like to make GS Chains' shares available to US markets in order to gain access to a broader investor base and enhance our visibility in North America. Cross trading on the OTC markets will represent an important development for the Company."

About GS Chain

"GS Chain Plc (LSE: GSC) seeks to identify an opportunity within the technology sector, conduct the necessary due diligence and subsequently complete an acquisition that would benefit its shareholders.

While the Board of Directors' experience spans across a wide range of business sectors, the board will focus its energy in the technology space; specifically targeting a company that leverages state of the art technology in automotive, fintech, real estate, banking, finance, telecommunications, or blockchain industries. The Board may consider other sectors if they believe such sectors present a suitable opportunity for the Company."

About First Sentinel Corporate Finance

First Sentinel Corporate Finance ("FSCF") is the Company's Adviser on the LSE and, as the first and only approved Sponsor for OTC Markets located in the United Kingdom, will act as OTC Sponsor to the Company .

This announcement contains information which, prior to its disclosure, constituted inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

The directors of GS Chain plc accept responsibility for this announcement.

For further information please contact:

GS Chain plc www.gschain.world
Alan Austin, CEO	[e-mail] [phone]
Leon Filipovic, Chairman	[e-mail]
First Sentinel Corporate Finance (Corporate Adviser) www.first-sentinel.com
Brian Stockbridge	[e-mail] [phone]

 

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