September 30, 2023
Luxembourg – September 30th , 2023 – The Board of Directors of d’Amico International Shipping S.A. (Borsa Italiana: DIS) (the “Company” or “DIS”), an international marine transportation company operating in the product tanker market, has resolved to apply for membership of the OTCQX Best Market (“OTCQX” or “OTCQX Market”), managed by the OTC Market Group (“OTCM”); DIS’ admission is expected before the end of the year and is subject to OTCM's approval.
DIS’ shares are listed on the STAR Segment of the Italian stock exchange market (Borsa Italiana) and are currently traded over the counter (OTC) in the USA, in the OTC Pink market segment, managed by the OTC Market Group. The OTCQX International Market segment for international companies, is an established public market with high financial and corporate governance standards, recognized by the US Securities Exchange Commission (SEC), which provides to US investors a more transparent, liquid, and efficient cross-trading alternative to the OTC Pink market. In addition, companies listed on OTCQX are Blue sky compliant in 37 US states (not available in the OTC Pink market), enabling reverse solicitation and distribution of research by brokers to US investors in such states.
Paolo d’Amico, Chairman and Chief Executive Officer of d’Amico International Shipping, stated: “By allowing DIS’ shares to cross-trade on OTCQX Market, we believe we will be able to better reach the US investment community, build our shareholder base and increase the visibility and the overall trading liquidity of our stock, always with the objective of generating value for our Company and our shareholders.”