Randall & Quilter Investment Holdings Ltd, (LON:RQIH), the leading non-life global specialty insurance company focusing on program management and legacy insurance businesses, has announced that trading in the Company’s Ordinary Shares will begin today on the OTCQX Best Market, a US trading platform that is operated by OTC Markets Group, under the ticker symbol “RQIHF”. The Company’s Ordinary Shares will continue to trade on the LSE AIM under the ticker symbol “RQIH”.
The OTCQX Best Market is the highest tier of the OTC Markets Group and a market venue for international companies to improve visibility and tradability for investors outside of their home market. OTCQX supports more transparent quotation and trading of R&Q Ordinary Shares in US Dollars during US trading hours, allowing easier access for investors who prefer securities that trade domestically in US Dollars. Cross-trading on the OTCQX is expected to widen R&Q’s investor base and support liquidity on the LSE AIM.
Further information can be found at www.otcmarkets.com/learn/market-101
This action is not a capital raise, no new Ordinary Shares will be issued, and R&Q will continue to trade on the LSE under the ticker symbol “RQIH”.
William Spiegel, Executive Chairman of Randall & Quilter, commented: “I am pleased that R&Q has qualified to trade on the OTCQX Best Market. Trading on OTCQX will complement our AIM listing and provides the business with exposure to a wider audience of investors.”
“We are delighted to welcome Randall & Quilter to the OTCQX Market,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group, “OTCQX will provide Randall & Quilter, which is quoted on AIM, a more efficient trading experience to an expanded US investor base and better access to global liquidity by cross-trading on a premium, regulated US public market. Congratulations to the company on qualifying for OTCQX.”