REG - BSF Enterprise PLC - Application for Trading on US OTCQB Venture Market

BSF EnterpriseAnnouncement

09/03/2023 09:00

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RNS Number : 4383S  BSF Enterprise PLC  09 March 2023

9 March 2023

 

BSF Enterprise PLC

("BSF" or the "Company")

 

Application for Trading on US OTCQB Venture Market

 

BSF (LSE: BSFA), the Main Market listed biotech company and the owner of
pioneering UK-based clinical and cellular agriculture company 3D Bio-Tissues,
is pleased to announce that is has submitted an application for trading the
Company's Ordinary Shares ("Ordinary Shares") on the OTCQB Venture Market in
the United States.

 

Trading on the OTCQB market will allow BSF to access one of the world's
largest investment markets, expanding its reach into a broader pool of
investors and creating the potential for greater liquidity in the Company's
shares. Shares will also be available to US investors during US trading hours,
priced in US dollars, thereby easing cross-border trading, and providing the
potential to enhance liquidity still further.

 

There is no capital raise associated with BSF trading on the OTCQB market and
BSF's Ordinary Shares will continue to trade on its primary listing, the Main
Market of the London Stock Exchange, under the ticker BSFA.

 

Che Connon, Managing Director of BSF Enterprise and CEO at 3D Bio Tissues,
commented: "Joining the OTCQB market provides BSF with access to a wider
investor audience which in turn can improve our liquidity. In addition, it
helps raise our international profile, which could prove invaluable given the
global potential for our market leading cellular agriculture products as we
open up sales channels across key global markets."

 

Further Information on BSF's application and the OTCQB market below:

 

As a Foreign Private Issuer, BSF's onboarding to the OTC Markets is based on
satisfaction of the requirements for OTCQB as applicable to international
reporting companies including satisfaction of the criteria for the exemption
under the US Exchange Act Rule 12g3-2(b) from SEC reporting. The Rule
12g3-2(b) exemption includes the disclosure obligation to ensure that certain
information made public or distributed under home market regulations is made
publicly available on the Company's website or other electronic information
delivery system in English. Thus, the Company will have no additional
reporting obligations and incur minimal ongoing costs, compared to traditional
major exchanges.

 

As a verified market, the OTCQB offers transparent trading for companies that
have met a minimum bid price test, are current in their financial reporting
and have undergone an annual verification and management certification
process. 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. Online brokers
such as Ameritrade, Fidelity Investments, Tradestation, Charles Schwab and
E-trade all offer OTCQB trades. US investors can find real-time quotes, market
information and access current company news and developments on a BSF page on
the OTC Markets website after the application is completed .

 

BSF has appointed B. Riley Financial Company as its OTCQB Sponsor and is
advised by Ince Lawyers in London.

 

Additional information about the OTCQB market can be found at:

www.otcmarkets.com/learn/market-101
(http://www.otcmarkets.com/learn/market-101)

 

 

-Ends-

 

For further enquiries, please visit www.bsfenterprise.com
(http://www.bsfenterprise.com/)  or contact:

 BSF Enterprise PLC                       Via SEC Newgate below
 Geoff Baker - Non-Executive Director

 Che Connon - Executive Director

 Shard Capital (Broker)
 Damon Heath                              0203 971 7000

 SEC Newgate (Financial Communications)
 Bob Huxford                              020 3757 6882

 Elisabeth Cowell                         BSF@secnewgate.co.uk

 George Esmond

 

ISIN of the Ordinary Shares is GB00BHNBDQ51

SEDOL Code is BHNBDQ5.

 

Notes to Editors

BSF Enterprise PLC (BSF) is focused on unlocking the next generation of
biotechnological solutions - using cell-based tissue engineering to help
generate cultured meat, lab-grown leather, as well as human corneas, collagen
growth and skin substitutes, as part of a radical transformation to deliver
sustainable solutions across a variety of sectors.

 

It owns 100% of 3D Bio-Tissues (3DBT), a tissue engineering with
patent-protected IP that is already producing human corneas to help restore
vision to millions of people. Building on this success, it aims to
produce the UK's first high quality lab-grown meat from its laboratory in
Newcastle the next 12 months, transforming the meat-production industry
towards an ethical and sustainable practice.

 

BSF aims to deliver growth to shareholders through the continued
commercialisation of 3DBT's IP, which has multiple applications, as well as
through M&A. It aims to acquire a suite of technologies that underpins the
development of tissue templating for corneas, meat and leather, and license
out the IP to manufacturers, wholesalers and distributors to help manufacture
the products at scale.

 

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