Following a separate announcement, BRN shares are now approved for eligibility by the Depository Trust Company (DTC), making it possible to settle trades electronically in the United States among brokers and BRN’s US transfer agents.
This move will dramatically reduce costs associated with trading securities while improving the ease of trading and liquidity of BRN shares.
As appetising as it is for Australian companies, especially technology companies, to attract United States investors it is typically difficult for US investors to buy into Australian-listed companies due to regulatory complexities.
BRN is able to attract US investors because it has two US listings, on the OTCQX® Best Market, the ordinary shares that trade under the symbol BRCHF and the ADR’s mentioned above.
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