Australian Securities Exchange (ASX) listed Regtech firm iSignthis Ltd (ASX: ISX) announced today that it has cross listed its shares on the Frankfurt Stock Exchange (FSE) under the code ‘TA8’. This means that investors can now purchase iSignthis securities directly on either the ASX or FSE.
John Karantzis, iSignthis CEO and Managing Director, said: “We are excited to announce the listing of our shares on the Frankfurt Stock Exchange. As a Regtech focused primarily on the European market, cross listing iSignthis on the Frankfurt Stock Exchange is a logical step. Our European customer base is growing rapidly through the execution of our Paydentity strategy, and this is attracting increasing interest in iSignthis from investors in Germany and across Europe.
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The cross-listing is in alignment with our Paydentity European focus, and will provide iSignthis with access to a deep pool of new potential investors that will help to expand our shareholder base, increase liquidity and introduce iSignthis to a wider audience across Europe.
As an authorised European Monetary Financial Institution, we see the FSE as being a significant part of our forward strategy, in order to provide transparency, exposure and opportunity to EU retail and institutional investors. We commence trading on the FSE under the code TA8 today, as well as in Australia under ASX code ISX.”
The company explains that no additional capital or securities have been issued as part of the cross listing, and therefore there has been no diluting effect.