DGAP-News: Nanostart AG: Nanostart AG commences U.S. trading of ADRs
(firmenpresse) - Nanostart AG / Key word(s): Miscellaneous
21.10.2010 06:00
---------------------------------------------------------------------------
Nanostart AG commences U.S. trading of ADRs
- ADRs to trade on OTCQX effective October 21, 2010
- Prestigious electronic market ensures transparency
- 'U.S. capital market opens whole new dimension'
Frankfurt - October 21, 2010 - Nanostart AG, the Frankfurt-based
nanotechnology investment company, announced the commencement of trading
today of its American Depositary Receipts (ADRs), which will now trade in
the United States on the OTCQX electronic trading system under the ticker
symbol NASRY.
With this step, Nanostart ADRs can now be traded on the world's largest
capital market, the United States, like any other U.S. security: during
U.S. market hours, with pricing and settlement in U.S. dollars, and with
normal custody in U.S. brokerage accounts.
ADRs are securities issued by a U.S. depositary bank which certify
ownership of the shares of an international company held in safekeeping by
the bank. Because they are U.S. domestic securities, ADRs are a convenient
alternative to direct ownership of foreign equities. The depositary bank
for the ADRs of Nanostart AG, which is a Sponsored Level 1 program, is Bank
of New York Mellon. Ten Nanostart ADRs correspond to one Nanostart share.
'The admission of our ADRs for trading on the OTCQX offers many of the
benefits of a full U.S. exchange listing, but without the associated high
costs and legal burden,' explained Marco Beckmann, CEO of Nanostart AG.
'Through the ADR program, U.S. investors gain access to foreign equities
through the domestic U.S. market system. The U.S. capital market opens a
whole new dimension for international companies.'
'Companies use OTCQX to expand their access to investors, engage them with
quality disclosure of their financials, and provide trading transparency to
stimulate liquidity,' said R. Cromwell Coulson, President and CEO of Pink
OTC Markets Inc., parent of the trading system. 'We are pleased to welcome
Nanostart to OTCQX.'
The ADR program does not constitute an offering of shares by Nanostart AG,
nor may these ADRs be offered publicly in Germany. Investors may obtain
real-time financial and trading information about Nanostart ADRs under
www.otcqx.com as well as www.otcmarkets.com.
About Nanostart:
Nanostart AG, headquartered in the German financial capital of Frankfurt,
is the world's leading nanotechnology investment company, with portfolio
companies spanning the globe from Silicon Valley to Singapore. The company
provides venture capital financing for nanotechnology companies in various
growth phases with a focus on innovation-driven industries of the future
such as cleantech, life sciences and IT/electronics. Through its subsidiary
and venture capital fund in Singapore, Nanostart is proud to be the
investment partner of the Singaporean government. Some U.S. peer companies
which are likewise engaged in nanotechnology or other high-tech investing
are Harris&Harris Group Inc. (NASDAQ: TINY), Arrowhead Research Corp.
(NASDAQ: ARWR) and Safeguard Scientifics Inc. (NYSE: SFE). For further
information about the company, please visit www.nanostart.de.
About OTCQX:
The OTCQX marketplace is the premier tier of the U.S. OTC market.
Investor-focused companies use the quality-controlled OTCQX platform to
offer investors transparent trading, superior information, and easy access
through their regulated U.S. broker-dealers. The innovative OTCQX platform
offers companies and their shareholders a level of marketplace services
formerly available only on a U.S. stock exchange. For more information and
to view a full list of OTCQX companies, visit www.otcqx.com.
About Pink OTC Markets:
Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic
interdealer quotation and trading system for over 9,000 securities not
listed on a U.S. stock exchange. Pink OTC Markets segments these securities
into three tiers: the quality-controlled OTCQX marketplace, the U.S.
registered and reporting OTCQB marketplace, and the speculative trading
Pink Sheets marketplace. These three tiers constitute the third largest
U.S. liquidity pool for trading public company shares, after The NASDAQ
Stock Market, Inc. and The New York Stock Exchange. The products and
services promote market transparency, improve price discovery, facilitate
regulatory compliance, and increase the quality of issuer disclosure, to
the benefit of all OTC market participants. To learn more about how Pink
OTC Markets' products and services make OTC markets more transparent,
informed, and efficient, please visit the websites at www.otcmarkets.com,
www.pinkotc.com and www.otcqx.com or contact us at info(at)pinkotc.com.
Disclaimer:
This notice constitutes neither an offer to sell nor a solicitation of
offers to purchase or subscribe to securities. There will be no public
offering of securities of Nanostart AG in conjunction with the existing
listing of its shares in the 'Entry Standard' segment of the regulated
unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This
notice does not constitute a securities prospectus. Neither this notice nor
the information contained within is intended for direct or indirect
distribution within Canada, Australia or Japan.
Media contact:
Nanostart AG
Public Relations
Dr. Hans Joachim Dürr
Goethestrasse 26-28
60313 Frankfurt, Germany
phone: +49 69-21 93 96 111
fax: +49 69-21 93 96 122
e-mail: presse(at)nanostart.de
Nanostart AG
Public Relations
Dr. Hans Joachim Dürr
Goethestrasse 26-28
60313 Frankfurt, Germany
phone: +49 69-21 93 96 111
fax: +49 69-21 93 96 122
e-mail: presse(at)nanostart.d
21.10.2010 06:00 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Datum: 21.10.2010 - 06:00 Uhr
Sprache: Deutsch
News-ID 32378
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 326 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Nanostart AG: Nanostart AG commences U.S. trading of ADRs"
steht unter der journalistisch-redaktionellen Verantwortung von
Nanostart AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
