Additional Listing

RNS Number : 5266Z

Narf Industries PLC

15 September 2022

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

15 September 2022

Narf Industries plc

ADMISSION TO OTCQB IN THE US

Narf Industries plc ("Narf", the "Company", or the "Group"), (LSE: 'NARF') the cybersecurity group specialising in high-end threat intelligence and critical infrastructure security is pleased to announce it has received approval from the OTC Market Group for the Company's ordinary share capital to cross-trade on the OTC Market's OTCQB ("OTCQB") trading platform in the United States of America (the "US"). Trading will commence when the market opens later today under the ticker symbol "NFINF".

US Cross Trading

Narf's operations are US focussed, with a growing interest from the US investment community. This growing interest will be serviced with the US cross-trading, which forms part of the Group's long-term strategy to an eventual Dual Listing. We expect US interest in our story to become particularly strong given our partners, team and product pipeline.

Once Trading commences later on today, the OTCQB platform will make Narf's shares more widely available to North American Investors, whilst having no impact on Narf's ordinary shares trading on the Main Market of the London Stock Exchange ("LSE"). No new ordinary shares will be issued as part of the commencement of cross-trading. Narf will continue to rely on the announcements and disclosures it makes to the LSE and will have no Sarbanes-Oxley or SEC reporting requirements.

The cross-trading facility will be 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.

US investors can find real-time quotes and market information, and access current company news and developments for Narf at www.otcmarkets.com. Online brokers such as Ameritrade, Fidelity Investments, Tradestation, Charles Schwab and E-trade all offer OTCQB trades.

Jonathan Dickson, VP of International Corporate Services at OTC Markets Group said: "We are delighted to welcome Narf Industries to the OTCQB Venture Market in the United States. I have been following the Narf story over the last year and with Narf's primary listing remaining on the LSE, the OTCQB's cross-trading facility will allow Narf to broaden its horizons and provide investors in the United States with the ability to access the Company's Ordinary Shares in U.S. dollars and during U.S. market hours."

CEO, Steve Bassi, said: "It has always been part of the Board and the Company's strategy to obtain a listing in the US. OTC's trading platform provides an appropriate step in that direction. The path from OTCQB onto larger more liquid markets remains well-trodden with a number migrating to Nasdaq every year. With the Group being opened up to a new investor base here in the US, both Institutional and Retail, as well as the secondary benefits, such as helping to attract and retain high quality talent, this was an easy decision for the Board to take."

ENDS

For further information on the Group please visit www.narfgroup.com or www.narfindustries.com or contact:

Robert Mitchell	NARF	Tel: [phone]
Catherine Leftley/Charlotte Page/Isabel de Salis	St Brides Partners	[e-mail]
Peter Krens	Tennyson Securities	Tel: [phone]

About NARF Industries plc

Narf Industries (LSE: NARF)(OTCQB: NFIN.F) is a US based cyber security group specialising in high-end threat intelligence with a focus on critical infrastructure. The Group leads commissioned cyber security R&D and is commercialising a portfolio of products including a US government backed product called TIGR that can be used by utilities and cyber first responders to restore power to electric grids and protecting other key infrastructure that have suffered a cyber-attack.  The Group aims to further strengthen its portfolio organically and via acquisition; its team of highly qualified cyber security experts is well placed to identify opportunities.

Important notice

The content of this announcement has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (FSMA). This announcement has been issued by and is the sole responsibility of the Company. The information in this announcement is subject to change. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold, directly or indirectly, in or into the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States. This announcement is not for release, publication or distribution, directly or indirectly, in or into Australia, the Republic of South Africa, Japan or any jurisdiction where to do so might constitute a violation of local securities laws or regulations (a Prohibited Jurisdiction). This announcement and the information contained herein are not for release, publication or distribution, directly or indirectly, to persons in a Prohibited Jurisdiction unless permitted pursuant to an exemption under the relevant local law or regulation in any such jurisdiction.

 

END

 

 

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