OTC Markets Group Welcomes City of London Investment Group PLC to OTCQX
OTC Markets Group announced that City of London Investment Group PLC has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. The company, listed on LSE (CLIG) and now trading under OTCQX symbol 'CLIUF', is a U.K. based asset management company. The upgrade provides transparent trading for U.S. investors with access to financial disclosure and Real-Time Level 2 quotes on otcmarkets.com. CEO Tom Griffith highlighted that this move aims to expand their U.S. shareholder base, increase market liquidity, and strengthen their U.S. market presence.
OTC Markets Group ha annunciato che City of London Investment Group PLC è diventato idoneo per operare sul OTCQX® Best Market, passando dal mercato Pink®. L'azienda, quotata alla Borsa di Londra (CLIG) e ora operante con il simbolo OTCQX 'CLIUF', è una società di gestione patrimoniale con sede nel Regno Unito. L'aggiornamento offre un trading trasparente per gli investitori statunitensi, con accesso a informazioni finanziarie e quotazioni in tempo reale di Livello 2 su otcmarkets.com. Il CEO Tom Griffith ha sottolineato che questo passo mira ad ampliare la loro base di azionisti negli Stati Uniti, aumentare la liquidità di mercato e rafforzare la loro presenza nel mercato statunitense.
OTC Markets Group anunció que City of London Investment Group PLC se ha calificado para operar en el OTCQX® Best Market, mejorando su situación desde el mercado Pink®. La empresa, que cotiza en LSE (CLIG) y ahora opera bajo el símbolo OTCQX 'CLIUF', es una compañía de gestión de activos con sede en el Reino Unido. La mejora proporciona comercio transparente para los inversores estadounidenses con acceso a divulgaciones financieras y cotizaciones en Tiempo Real de Nivel 2 en otcmarkets.com. El CEO Tom Griffith destacó que este movimiento tiene como objetivo ampliar su base de accionistas en EE.UU., aumentar la liquidez del mercado y fortalecer su presencia en el mercado estadounidense.
OTC Markets Group는 City of London Investment Group PLC가 OTCQX® Best Market에서 거래할 수 있는 자격을 갖추었다고 발표했습니다. 이는 Pink® 시장에서의 업그레이드입니다. 런던 증권거래소(LSE)에서 상장된 이 회사는 현재 OTCQX 심볼 'CLIUF'로 거래되고 있으며, 영국에 본사를 둔 자산 관리 회사입니다. 이번 업그레이드는 미국 투자자들에게 재무 공시 및 otcmarkets.com에서 실시간 레벨 2 시세에 접근할 수 있는 투명한 거래를 제공합니다. CEO 톰 그리피스는 이 조치가 미국의 주주 기반을 확대하고 시장 유동성을 증가시키며 미국 시장 내 입지를 강화하는 것을 목표로 한다고 강조했습니다.
OTC Markets Group a annoncé que City of London Investment Group PLC est désormais qualifiée pour négocier sur le OTCQX® Best Market, passant ainsi du marché Pink®. L'entreprise, cotée à la LSE (CLIG) et désormais négociée sous le symbole OTCQX 'CLIUF', est une société de gestion d'actifs située au Royaume-Uni. Cette mise à niveau offre un trading transparent aux investisseurs américains avec accès à des divulgations financières et des cotations temps réel de Niveau 2 sur otcmarkets.com. Le PDG Tom Griffith a souligné que ce mouvement vise à élargir leur base d'actionnaires américains, à augmenter la liquidité du marché et à renforcer leur présence sur le marché américain.
OTC Markets Group kündigte an, dass City of London Investment Group PLC für den Handel auf dem OTCQX® Best Market qualifiziert wurde und vom Pink®-Markt aufgestiegen ist. Das Unternehmen, das an der LSE (CLIG) gelistet ist und nun unter dem OTCQX-Symbol 'CLIUF' gehandelt wird, ist eine in Großbritannien ansässige Vermögensverwaltungsgesellschaft. Das Upgrade bietet transparenten Handel für US-Investoren mit Zugang zu finanziellen Offenlegungen und Echtzeit-Level-2-Kursen auf otcmarkets.com. CEO Tom Griffith betonte, dass dieser Schritt darauf abzielt, ihre US-Aktionärsbasis zu erweitern, die Marktliquidität zu erhöhen und ihre Präsenz auf dem US-Markt zu stärken.
- Upgrade from Pink® to OTCQX® Best Market indicates higher trading standards and transparency
- Potential for increased market liquidity and broader U.S. investor access
- Streamlined reporting process through home market reporting utilization
- None.
NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX:OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced City of London Investment Group PLC (LSE: CLIG; OTCQX: CLIUF), a U.K. based asset management company, has qualified to trade on the OTCQX® Best Market. City of London Investment Group PLC upgraded to OTCQX from the Pink® market.
City of London Investment Group PLC begins trading today on OTCQX under the symbol “CLIUF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
“Moving to the OTCQX Market marks an important step forward for the Group,” said Tom Griffith, CEO. “It opens the door to a wider U.S. shareholder base, increases market liquidity, and strengthens our presence among U.S. investors, aligning with our strategic growth objectives.”
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
About City of London Investment Group PLC
City of London Investment Group PLC is a United Kingdom-based asset management company, consisting of two wholly owned subsidiaries that invest primarily in closed-end funds for the benefit of their respective clients. The Company, through its subsidiary City of London Investment Management Company Limited (CLIM), which historically specialized in Emerging Markets and has expanded its range to International, Opportunistic Value and Frontier strategies, for primarily institutional clients. The Company, through its subsidiary Karpus Investment Management (KIM), provides closed-end fund strategies across all asset classes to wealth management clients in the United States. The client base of its two operating subsidiaries is long-term and United States-based, and includes pension funds, foundations, endowments and other institutional money managers. The Company operates in the United States, Canada, United Kingdom, Europe, and others.
For additional information about CLIG, please visit our website: www.clig.com
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
Harbor Access Investor Relations, +1 (475) 477-9401, Jonathan.paterson@harbor-access.com
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