Italian product tanker owner and operator d’Amico International Shipping (DIS) has started trading on the OTCQX Best Market, the top tier of the three marketplaces for over-the-counter trading managed by OTC Markets Group.
DIS, whose shares are also listed on the STAR segment of the Milan stock exchange, has thus upgraded its US listing after previously trading on the OTC Pink market.
The company said OTCQX provides US investors a more transparent, liquid, and efficient cross-trading alternative to the Pink market and that by becoming Blue Sky compliant in 37 US territories, enables reverse solicitation and distribution of research by brokers to US investors in such states.
“This initiative aims to enhance the company’s visibility among US investors, offering them a more transparent and efficient platform to trade our stock. US investors will gain access to the same level of information and data that we currently provide in European markets,” said Paolo d’Amico, chairman of DIS.
d’Amico International Shipping controlled as of September 30, either through ownership or charter arrangements, a fleet of 36 product tankers ranging from about 36,000 to 75,000 dwt.
“We view this development as a significant step forward for DIS, as it will help us expand our shareholder base within the world’s largest investment community. This, in turn, should increase the liquidity of our stock, and thereby support our share price, generating value for our shareholders,” chairman d’Amico added.
