Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) has announced that from 1 September the company’s ordinary shares will cease trading on the OTCQB Venture Market and move to the Pink Open Market.
“The company has decided to transfer to the Pink Market due to the absence of perceived benefits for Ethernity's shareholders from the OTCQB listing, and the excessive resources it entailed,” a statement read.
Ethernity’s ticker symbol, 'ENETF', will remain unchanged, the company continued.
Ordinary shares will continue to trade on London’s AIM market, meanwhile, as Ethernity’s primary listing.
“Through the admission to trading on the Pink Market, Ethernity shareholders based in the US will continue to have access to a platform by which they can trade in the company's ordinary shares,” the semiconductor technology supplier added.