Oslo, 22 June 2023: Gram Car Carriers is pleased to announce that the company has qualified to begin trading as of today on the OTCQX® Best Market, New York under the ticker “GCCRF”. Trading will commence at 9.30 EST / 15.30CEST). To qualify on OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
OTC Markets Group Inc. (OTCQX: OTCM), is an operator of regulated markets for over 12,000 U.S. and international securities. GCC upgraded to the OTCQX® Best Market from the Pink® market, taking an important step in providing transparent trading for Gram Car Carrier’s existing and potential future U.S.-based investors. With harmonised standards, GCC can efficiently apply qualified reporting measures from the Oslo Børs to make financial disclosures and news readily available in the U.S.
“We join the OTCQX Market with a clear ambition of generating increased recognition and engagement with a wider base of US investors. Through our fleet of owned and operated car carriers on long-term contracts, we have good earnings visibility and are positioned to deliver attractive dividends to our shareholders. We are confident that cross-trading on OTCQX will create additional long-term value through a broader US investor base and higher trading volumes in our shares,” says Georg A. Whist, the CEO of Gram Car Carriers.
For further information, please contact:
CEO, Georg A. Whist
E-mail: georg.whist@gramcar.com
Head of Projects and IR, Mas Gram
E-mail: ir@gramcar.com
About Gram Car Carriers:
GCC is the world's third-largest tonnage provider within the Pure Car Truck Carriers (PCTCs) segment with 19 owned vessels, across the Distribution, Mid -size and Panamax segments. The Company serves as a trusted provider of high -quality vessels and logistics solutions ensuring safe, efficient and punctual shipment of vehicles for a network of clients comprising of major global and regional PCTC operators. To learn more, please visit gramcar.com.