TORONTO, Dec. 20, 2016
TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, Dec. 20, 2016 /CNW/ - First Global Data Limited ("First Global" or the "Company") is pleased to announce that it has completed the listing of its common shares on the Frankfurt Stock Exchange.
The Company's Frankfurt Stock Exchange trading information is as follows:
Trading symbol: 1G5
ISIN number: CA32037R1001
WKN number: A2DHB7
The Frankfurt Stock Exchange is the 10th largest exchange in the world by market cap and is the largest of the seven stock exchanges in Germany.
The Company is also pleased to announce that its market maker is Bankhaus Scheich Wertpapierspez AG ("Bankhaus Scheich"), a very reputable firm based in Frankfurt, Germany.
In addition to being market maker for First Global, Bankhaus Scheich serves as a market maker in the regulated Prime & General Market at the Frankfurt Stock Exchange. In total, Bankhaus Scheich serves over 1,000 equity and bond mandates. In the equity market, they include Bookrunner for the following German blue chips: Munich Re, Talanx, Hannover Re, Deutsche Telekom, Deutsche Lufthansa, Henkel, Beiersdorf, Wirecard and Bechtle.
They also serve global players such as Google, Facebook, Caterpillar, BlackRock, Coca-Cola, 22nd Century Group, Empire States Realty Trust, Toyota, Honda Motors, Makita, Panasonic, Sydney Airport, Tata Steel, Royal Mail , UK Oil & Gas, SocGen, Airbus Industries, Konecranes and Arcam.
"This is a strategic milestone for our company" said Andre Itwaru, the Company's Chairman and CEO. Mr. Itwaru continued, "We believe that our Frankfurt listing will provide the Company with access to a broad spectrum of savvy European investors who understand the FINTECH sector and will also provide First Global with greater exposure to the world markets and the world stage".
About First Global:
First Global is an international financial services technology (FINTECH) company. The Company's two main lines of business are mobile payments and cross border payments. First Global's proprietary leading edge technology enables the convergence of compliant domestic and cross border payments, money transfers, shopping and peer to peer payments. First Global enables its strategic partners and clients around the world with our leading edge financial services technology platform.
About the Frankfurt Stock Exchange:
Frankfurter Wertpapierbörse ("FWB"®, or the "Frankfurt Stock Exchange") is one of the world's largest trading centres for securities. With a share in turnover of more than 85 per cent, it is the largest of Germany's seven stock exchanges. Deutsche Börse AG operates the Frankfurt Stock Exchange, an entity under public law. In this capacity it ensures the functioning of exchange trading.
The Frankfurt Stock Exchange facilitates advanced electronic trading, settlement and information systems. Thus, it is able to meet the steadily growing requirements of cross-border trading. Besides the specialist trading at Frankfurt Stock Exchange, its fully electronic trading system Xetra® is one of the leading electronic trading platforms in the world. With the launch of Xetra in 1997, the Frankfurt Stock Exchange succeeded not only in strengthening its own competitive position. It also created attractive framework conditions for foreign investors and market participants.
Today, the Frankfurt Stock Exchange is an international trading centre. This is also reflected in the structure of its participants. Of the more than 200 market participants, roughly half are from countries other than Germany.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporation's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE First Global Data Limited
Andre Itwaru, Chairman and Chief Executive Officer, Telephone: 416.504.3813, Facsimile: 416.504.7092, Email: email@example.comCopyright CNW Group 2016