REG - GS Chain PLC - Commencement of Trading on US OTCQB Venture Market

GS ChainAnnouncement

11/04/2023 14:00

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RNS Number : 8499V  GS Chain PLC  11 April 2023

11 April 2023

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

Commencement of Trading on US OTCQB Venture Market

GS Chain (LSE: GSC) is pleased to announce that trading in the Company's
Ordinary Shares will commence today, at 2:30 p.m. (BST) on the OTCQB Venture
Market ("OTC") in the United States. The Company's shares will trade on the
OTC Market under the ticker GSCHF.

GS Chain's OTCQB information can be found on the OTC Markets website:
https://www.otcmarkets.com/stock/GSCHF/overview
(https://www.otcmarkets.com/stock/GSCHF/overview)

There is no associated capital raise with this cross trading and GS Chain's
Ordinary Shares will continue to trade on its primary listing, the Main Market
of the London Stock Exchange, under the ticker GSC.

Cross trading on the OTCQB market allows the Company to access one of the
world's largest investment markets to expand its reach into a broader pool of
investors. GS Chain's shares will be available to US investors during US
working hours and priced in US dollars and thus has the potential to enable
greater liquidity in the Company's shares on the London Stock Exchange by
easing cross-border trading for potential US investors. Further information
about the OTCQB market can be found at:
https://www.otcmarkets.com/learn/market-101
(https://www.otcmarkets.com/learn/market-101)

Alan Austin, Chief Executive Officer of GS Chain, said: "Following our
successful listing in May 2022, we are looking to offer our shareholders
increased liquidity and trading options. Joining the OTCQB market provides us
with access to investors in a major market with minimal ongoing associated
costs, significantly increasing our exposure and trading liquidity with no
additional reporting requirements."

 

"As Advisor to GS Chain, we recognised that improving investor outreach and
developing a broader shareholder base within the United States would be
crucial to GS Chain in meeting its growth targets", said Brian Stockbridge,
CEO, First Sentinel Corporate Finance.  "Thus, we recommended a cross-trade
on OTC as an easy step in accomplishing this."

 

About GS Chain

GS Chain 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.

 

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 accept responsibility for this announcement.

For further information please contact:

 

 GS Chain plc

 www.gschain.world (http://www.gschain.world)
 Alan Austin, CEO          alan@gschain.world (mailto:alan@gschain.world)

                           +44 20 3989 2217
 Leon Filipovic, Chairman  leon@gschain.world (mailto:leon@gschain.world)

 First Sentinel Corporate Finance (Corporate Adviser)

 www.first-sentinel.com (http://www.first-sentinel.com)
 Brian Stockbridge         brian@first-sentinel.com (mailto:brian@first-sentinel.com)

 

 

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