Bravura Solutions begins trading on International OTCQX
Sydney, 18 February 2009 (ASX: BVA / OTCQX: BRVSY) – Bravura Solutions (Bravura) – a leading global supplier of wealth management applications and professional services – today announced that its American Depositary Receipts (ADRs) have been listed on International OTCQX for greater access to the U.S. capital markets.
Bravura’s ADRs began trading today on International PrimeQX, under the ticker BRVSY. Investors can find real-time quotes, disclosure and financial information about the International OTCQX at www.otcqx.com.
Bravura’s Group CEO and Managing Director, Mr. Iain Dunstan said: “We are extremely pleased to have listed on International OTCQX. This marks a significant step forward and opens up a vast new avenue of access to the U.S. capital markets.”
“In these volatile market conditions it is prudent that exposure to investors be increased, and a listing on International OTCQX provides an excellent opportunity for Bravura to increase visibility and liquidity.”
“In the three years since inception, Bravura has expanded its global presence through cross border acquisition, expansion of its overseas client base and the establishment of new offices. It seems fitting that this listing be the next step forward in the growth of our global footprint.”
U.S. investment bank, Merriman Curhan Ford, will serve as Bravura’s Principal American Liaison (“PAL”) on International OTCQX, responsible for advising on the company’s International OTCQX-listing process and providing a comprehensive suite of U.S. capital markets services.
“As the leading investment bank sponsor of companies listing on the OTCQX market, Merriman stands ready to work with Australian companies, like Bravura, that wish to achieve superior performance for their U.S. listing,” said Mr. Stephen Nash, managing director and head of Merriman Curhan Ford’s OTCQX Advisory Group.
“Changes in regulations that were implemented six months ago have made it easier for non-U.S. companies to achieve a listing in the United States. Our clients are pleased with how the OTCQX platform continues to enhance their U.S. capital markets strategy with a premium trading venue, even in a tough market environment.”