Dispersion Holdings - Application to List on NEO Exchange
22/12/2021 06:59
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RNS Number : 4091W Dispersion Holdings PLC 22 December 2021
Press Release
22 December 2021
Dispersion Holdings PLC
("Dispersion" or "the Company")
Application to List on NEO Exchange
Dispersion Holdings plc (AQSE: DEFI), an incubator specialising in
decentralised finance ("DeFi"), is delighted to announce that it has submitted
an initial application for the listing of its ordinary shares (the "Ordinary
Shares") on the Neo Exchange Inc. ("NEO Exchange"), a Canadian stock exchange
based in Toronto.
The Directors believe that by listing on the NEO Exchange, it will gain access
to an increased number of both retail and institutional investors in North
America.
Listing on the NEO Exchange is subject to the Company fulfilling all of NEO
Exchange's listing requirements, including the minimum distribution
requirements. There is no assurance or guarantee that the Company will be
successful in obtaining listing approval from the NEO Exchange.
Dispersion will continue to be admitted to trading on the Access segment of
the AQSE Growth Market. The dual listing on the NEO Exchange will not impact
current investors' ability to trade the Ordinary Shares on AQSE. Dispersion
will continue to comply with its obligations under the AQSE Growth Market
Access Segment Rules.
On 16 August 2021 the Company announced that it had filed an application with
OTC Markets Group for its shares to be cross-traded publicly on the OTCQB
Venture Market. This application remains in process.
Philip Blows, Chief Executive, commented: "We are greatly excited to apply for
a dual listing on the NEO Exchange. Dispersion has global ambitions, and
trading in both London and Canada will allow the company to be exposed to
swathes of new investors and improve brand visibility. Our application follows
the successful launch of our decentralised finance platform, and we look
forward to welcoming Canadian investors to share in our business growth."
This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.
The directors of Dispersion Holdings plc accept responsibility for this
announcement.
For further information, please contact:
DISPERSION
Philip Blows via Tancredi +44 207 887 7633
Chief Executive
Neil Thapar +44 7876 455 323
Investor Relations
Tennyson Securities
Corporate Broker
Peter Krens +44 207 186 9030
Novum Securities
AQSE Corporate Adviser +44 207 399 9400
David Coffman / Lucy Bowden
Broker
Colin Rowbury / Jon Belliss
Tancredi Intelligent Communication
Media Relations
Edward Daly +44 7861 430 057
Charlie Hobbs +44 7897 557 112
dispersion@tancredigroup.com (mailto:dispersion@tancredigroup.com)
About DISPERSION HOLDINGS PLC:
Dispersion is an incubator specialising in opportunities in decentralised
finance (DeFi), a disruptive technology using blockchain and cryptocurrencies
to remove financial intermediaries from transactions, creating a cheaper, more
efficient and more secure way of providing financial services. Listed on the
Aquis Exchange in London and the NEO Exchange in Toronto, we apply our
expertise to the business operations and strategic plans of FinTech companies
in the UK, USA and Canada, and act as an accelerator for start-ups and
early-stage companies. www.dispersionholdings.com
(http://www.dispersionholdings.com)
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