REG - Narf Industries PLC - Additional Listing

Narf IndustriesAnnouncement

15/09/2022 07:00

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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
(http://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
(http://www.narfgroup.com) or www.narfindustries.com
(http://www.narfindustries.com) or contact:

 Robert Mitchell                                   NARF                 Tel: +44 (0) 20 3468 2212
 Catherine Leftley/Charlotte Page/Isabel de Salis  St Brides Partners   cyba@stbridespartners.co.uk
 Peter Krens                                       Tennyson Securities  Tel: +44 (0)207 186 9030

 

 

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.

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