Regulatory Filings • Oct 13, 2022
Regulatory Filings
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| Informazione Regolamentata n. 1938-111-2022 |
Data/Ora Ricezione 13 Ottobre 2022 13:42:05 |
Euronext Star Milan | |
|---|---|---|---|
| Societa' | : | AQUAFIL | |
| Identificativo Informazione Regolamentata |
: | 168189 | |
| Nome utilizzatore | : | AQUAFILNSS02 - Tonelli | |
| Tipologia | : | 3.1 | |
| Data/Ora Ricezione | : | 13 Ottobre 2022 13:42:05 | |
| Data/Ora Inizio Diffusione presunta |
: | 13 Ottobre 2022 13:42:07 | |
| Oggetto | : | Aquafil S.p.A. commences trading on OTCQX market in the United States |
|
| Testo del comunicato |
Vedi allegato.
Arco, 13th October 2022– Aquafil S.p.A. [ECNL:IM] is pleased to announce it will begin trading the Company's Ordinary Shares today on the OTCQX Best Market, a U.S. trading platform that is operated by OTC Markets Group, under the ticker "ECNLF".
Aquafil is the first Italian company to proceed with this transaction that results as of today in the cross-trading of its ordinary shares in the United States and in Italy. As anticipated by the Company in its press release published on May 12, 2022, in fact, the Company's ordinary shares will continue to trade on the Euronext STAR Milan under the ticker symbol "ECNL".
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 Aquafil S.p.A. 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 Aquafil's investor base and support liquidity on the Euronext STAR Milan.
This action is not a capital raise, no new Ordinary Shares will be issued, and Aquafil S.p.A. will continue to trade on the Euronext STAR Milan under the ticker symbol "ECNL".
Aquafil has partnered in the transaction with Golden Eagle Capital Advisors Inc., a company that is part of an international financial group specialized in supporting companies with planning and implementing cross-trading strategies.
"I am very proud that Aquafil has qualified to begin trading on the OTCQX Market," says Giulio Bonazzi Chairman and CEO of Aquafil. "The U.S. market is a critical region for Aquafil to trade in as we continue to see rising demand and interest in companies innovating for a sustainable future. Aquafil's commitment to bold innovation and leadership in the circular economy continues to transform the synthetic fibers industry into a truly circular model. We're excited to expand this investment opportunity to the U.S. markets."
"We are pleased to welcome Aquafil S.P.A. as the first Italian issuer to OTCQX," said Jason Paltrowitz, OTC Markets EVP of Corporate Services. "The OTCQX platform offers investorfocused companies broader access and visibility with U.S. investors."
* * *
Aquafil is a pioneer in the circular economy also thanks to the ECONYL® regeneration system, an innovative and sustainable process able to create new products from waste and give life to an endless cycle. The nylon waste is collected in locations all over the world and includes industrial waste but also products – such as fishing nets and rugs – that have reached the end
of their useful life. Such waste is processed to obtain a raw material – caprolactam – with the same chemical and performance characteristics as those from fossil sources. The polymers produced from ECONYL® caprolactam are distributed to the Group's production plants, where they are transformed into yarn for rugs carpet flooring and for clothing.
Founded in 1965, Aquafil is one of the main producers of nylon in Italy and worldwide. The Group is present in seven countries and in three different continents, with over 2,800 employees at 19 production sites located in Italy, Slovenia, Unites States, China, Croatia, Scotland, Thailand and Japan.
Investors Contact Karim Tonelli [email protected] mob: +39 348 6022.950
Media Contact Barabino & Partners Federico Vercellino [email protected] T: +39 02 72.02.35.35 mob: +39 331 5745.1
Barabino & Partners IR T: +39 02 72.02.35.35 Stefania Bassi [email protected] mob: +39 335 6282.667 Agota Dozsa [email protected] mob: +39 338 7424.061
| Market Activity | |
|---|---|
16,406.00 (10000 x 1)
Ask: 07:05am 10/13/2022
DOLLAR VOL \$1.4B SHARE VOL 7.3B TRADES 251,991 Market Activity / Stock / ECNLF / News / - Quote Corporate Services OTC Link ATS Market Data Learn About Blog
ECNLF N/A OTC DISCLOSURE & NEWS SERVICE OTC Markets Group Welcomes Aquafil S.P.A to OTCQX Press Release | 10/13/2022 OTCQX Member Since 10/2022 DAILY ADVANCERS Aquafil S.P. A Ordinary Shares - SHS EURO 0.0001 / Overview Quote Company Profile Security Details News Financials Disclosure Research OTCQX International Verified Profile 10/2022 12g3-2(b) Certified Independent Directors
NEW YORK, Oct. 13, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Aqua!l S.P.A (Euronext Star Milan: ECNL; OTCQX: ECNLF), a pioneer in the circular economy, has quali!ed to trade on the OTCQX® Best Market. Aqua!l S.P.A. is one of the !rst Italian companies to trade on OTCQX. Real-Time Best Bid &
Aqua!l S.P.A begins trading today on OTCQX under the symbol "ECNLF." U.S. investors can !nd current !nancial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Trading on the OTCQX Market o"ers companies e#cient, cost-e"ective access to the U.S. capital markets. For companies listed on a quali!ed 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 !nancial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
"I am very proud that Aqua!l has quali!ed to begin trading on the OTCQX Market," says Giulio Bonazzi Chairman and CEO of Aqua!l. "The U.S. market is a critical region for Aqua!l to trade in as we continue to see rising demand and interest in companies innovating for a sustainable future. Aqua!l's commitment to bold innovation and leadership in the circular economy continues to transform the synthetic !bers industry into a truly circular model. We're excited to expand this investment opportunity to the U.S. markets."
Aqua!l S.P.A has retained MCAP LLC to act as the Company's OTCQX advisor. MCAP is a US brokerdealer that provides institutional securities services and electronic market making. MCAP acted as the company's OTCQX sponsor.
Aqua!l is a pioneer in the circular economy also thanks to the ECONYL® regeneration system, an innovative and sustainable process able to create new products from waste and give life to an endless cycle. The nylon waste is collected in locations all over the world and includes industrial waste but also products – such as !shing nets and rugs – that have reached the end of their useful life. Such waste is processed to obtain a raw material – caprolactam – with the same chemical and performance characteristics as those from fossil sources. The polymers produced from ECONYL® caprolactam are distributed to the Group's production plants, where they are transformed into yarn for rugs carpet \$ooring and for clothing. Founded in 1965, Aqua!l is one of the main producers of nylon in Italy and worldwide. The Group employs over 2,800 people, at 19 production sites located in nine countries and in four di"erent continents, more precisely in Italy, Slovenia, Unites States, China, Croatia, Scotland, Thailand, Australia and Japan.
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 brokerdealers rely on to facilitate trading. Our innovative model o"ers companies more e#cient access to the U.S. !nancial 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 e#cient markets, visit www.otcmarkets.com.
OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
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