Organto Announces Listing on Frankfurt Stock Exchange
Organto Foods Inc. has announced the acceptance of its common shares for listing on the Frankfurt Stock Exchange (FSE) under the symbol OGF. This move is expected to enhance trading liquidity and expand the shareholder base. CEO Steve Bromley highlighted strong European investor demand for socially responsible organic food companies. The FSE ranks as the world's third-largest exchange by turnover, providing advanced trading systems that cater to cross-border trading needs.
- Listing on the Frankfurt Stock Exchange aims to increase trading liquidity.
- Expansion of shareholder base is anticipated.
- Strong investor demand for organic food companies in Europe is noted.
- None.
VANCOUVER, BC / ACCESSWIRE / August 24, 2020 / Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF) ("Organto" or "the Company"), an integrated provider of fresh organic fruits and vegetables is pleased to announce that its common shares have been accepted for listing on the Frankfurt Stock Exchange (FSE) under the trading symbol "OGF". As a result, the Company's common shares are now cross-listed on the TSX Venture Exchange (TSX-V) and the FSE.
"We are very pleased to be listed on the Frankfurt Stock Exchange as this will create an opportunity to increase trading liquidity and broaden our shareholder base," commented Steve Bromley, Chair and Interim Chief Executive Officer. "We believe there is strong investor demand for socially responsible organic foods companies in Europe and we look forward to introducing potential investors to our business, markets and exciting plans for the future," added Mr. Bromley.
The FSE is the world's third largest organized exchange-trading market in terms of turnover and dealing in securities, and the largest stock exchange in Germany. The FSE facilitates advanced electronic trading, settlement and information systems allowing it to meet the growing requirements of cross-border trading.
ON BEHALF OF THE BOARD,
Steve Bromley
Chair and Interim Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For more information contact:
Investor Relations
604-634-0970
1-888-818-1364
info@organto.com
ABOUT ORGANTO
Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders. Organto is an integrated provider of private label and bulk distributed organic and non-GMO fruit and vegetable products using an asset-light business model to serve a growing socially responsible and health conscious consumer around the globe.
FORWARD LOOKING STATEMENTS
This news release may include certain forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). In particular, and without limitation, this news release contains forward-looking statements respecting Organto's business model and markets; Organto's belief that the listing of the Company's shares on the FSE creates an opportunity to increase trading liquidity and broaden its shareholder base; Organto's belief that there is strong investor demand for socially conscious organic food companies in Europe; management's beliefs, assumptions and expectations; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: the ability and time frame within which Organto's business model will be implemented and product supply will be increased; cost increases; dependence on suppliers, partners and contractual counter-parties; changes in the business or prospects of Organto; unforeseen circumstances; risks associated with the organic produce business generally, including inclement weather, unfavorable growing conditions, low crop yields, variations in crop quality, spoilage, import and export laws and similar risks; transportation costs and risks; general business and economic conditions; and ongoing relations with distributors, customers, employees, suppliers, consultants, contractors and partners. The foregoing list is not exhaustive and Organto undertakes no obligation to update any of the foregoing except as required by law.
SOURCE: Organto Foods Inc.
View source version on accesswire.com:
https://www.accesswire.com/602759/Organto-Announces-Listing-on-Frankfurt-Stock-Exchange
FAQ
What is the significance of Organto Foods being listed on the Frankfurt Stock Exchange?
What trading symbol will Organto Foods use on the Frankfurt Stock Exchange?
When was Organto Foods' listing on the Frankfurt Stock Exchange announced?
What does Organto Foods specialize in?
Why is there investor demand for Organto Foods in Europe?
