Start of trading in LeoVegas shares on US market OTCQX
On March 25, 2021, LeoVegas announced that its shares are now available for trading in USD on the OTCQX Markets under the ticker symbol LEOVF. This move is aimed at capitalizing on the increasing interest from US investors, who currently make up about 12% of the company's shareholders. The listing on OTCQX is expected to enhance accessibility to US capital markets and complement LeoVegas' existing presence on Nasdaq Stockholm. The company is committed to meeting high financial standards and best practices in corporate governance.
- Shares now trading in USD on OTCQX increases accessibility for US investors.
- About 12% of shareholders are from the USA, indicating growing interest in LeoVegas.
- Trading on OTCQX complements the existing Nasdaq Stockholm listing, broadening market reach.
- None.
STOCKHOLM, March 25, 2021 /PRNewswire/ -- Starting today, LeoVegas' shares will also be available for trading in USD on OTCQX Markets in the USA. This is a way for the company to meet the steadily growing interest from US investors and provides greater access to the US capital market.
Starting today, 25 March, LeoVegas' shares will also be available for trading on OTCQX Markets in the US as an F share under the ticker symbol LEOVF. Accessibility on OTCQX will make it easier to meet the growing interest in LeoVegas from American investors and is thereby expected to bolster global trading in the company's shares. Trading on OTCQX will complement LeoVegas' current listing on the Nasdaq Stockholm Main Market list.
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Trading on the OTCQX market offers companies greater access to the US capital market in a smooth and cost-effective way. US investors will now have the opportunity to conveniently trade in LeoVegas' shares via a local ticker symbol (LEOVF) and in US dollars. Companies listed on a qualified international stock exchange - in LeoVegas' case Nasdaq Stockholm - have the opportunity through their reporting and the rules of Nasdaq Stockholm to increase their accessibility and exposure to the US capital market. To qualify for trading on OTCQX, a company must meet high financial standards, adhere to best practices of corporate governance and comply with applicable securities laws.
For further information about OTC Markets, visit www.otcmarkets.com or read this article.
for further INFORMATION, please contact:
Gustaf Hagman, Group CEO
+46 (0) 8 410 367 66, gustaf.hagman@leovegasgroup.com
Philip Doftvik, Director of Investor Relations and Corporate Finance
+46 73 512 07 20, philip.doftvik@leovegasgroup.com
About Leovegas Mobile Gaming Group:
LeoVegas vision and position is "King of Casino". The global group LeoVegas Mobile Gaming Group offers games on Casino, Live Casino, Bingo and Sport. The parent company LeoVegas AB (publ.) is located in Sweden and its operations are mainly located in Malta. The company's shares are listed on Nasdaq Stockholm. www.leovegasgroup.com
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SOURCE LeoVegas Mobile Gaming Group
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