PointsBet Holdings Limited: PointsBet Approved for DTC Eligibility
August 17, 2022 at 02:44 am EDT
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PointsBet Approved for DTC Eligibility
Melbourne, 17 August 2022 PointsBet Holdings Limited (ASX:PBH; OTCQX:PBTHF) (the "Company" or "PointsBet") today announced that its ordinary shares have been approved for eligibility by The Depository Trust Company (DTC), facilitating real time electronic clearing and settlement in the United States for its OTCQX quoted ordinary shares through the Depository Trust & Clearing Corporation ("DTCC"). Pointsbet has been trading on the OTCQX since November 2019.
DTC is the largest securities depository in the world, holding more than US$35 trillion worth of securities. Being DTC eligible allows Pointsbet's shares to be traded between member firms electronically via its "street name" without buyers and sellers needing to transfer physical certificates to settle trades. This process dramatically reduces costs associated with trading securities while improving the ease of trading and liquidity of the Company's securities.
"DTC eligibility will simplify the process of trading and enhance liquidity of the Company's shares on the OTCQX by greatly broadening the pool of brokerage firms that will allow their clients to trade the stock," said Andrew Mellor, PointsBet's Group Chief Financial Officer. "Importantly, this will make it easier for our investors, employees and customers from all over the world to invest in PointsBet".
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About PointsBet
PointsBet is a corporate bookmaker listed on the Australian Securities Exchange with operations in Australia, the United States, Canada and Ireland. PointsBet has developed a scalable cloud-based wagering platform through which it offers its clients innovative sports and racing wagering products, advance deposit wagering on racing (ADW) and iGaming.
For further information please contact:
For investors
Andrew Mellor
Group Chief Financial Officer andrew.mellor@pointsbet.com
For media
Geoff Elliott
+61 488 051 888 gelliott@gracosway.com.au
For North American investors
Stephen Forman
Investor Relations - North America stephen.forman@pointsbet.com
For North American media
Patrick Sandusky
SVP PR and Communications patrick.sandusky@pointsbet.com
Pointsbet Holdings Ltd. published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 06:43:02 UTC.
Pointsbet Holdings Limited is an Australia-based corporate bookmaker with operations in Australia and Canada. The Company has developed a cloud-based wagering platform through which it offers its clients advanced sports and racing wagering products, and iGaming. The Companyâs segments include Australian Trading, Canadian Trading, Technology, and Corporate. The Australian Trading segment provides online sports and online fixed odds racing betting services to Australian customers. The Canadian trading segment offers sports betting and iGaming services provided to Canadian customers. The Technology segment derives its internal revenue from licensing fees charged to the Australian Trading and Canadian Trading segments. The Technology segment offers external B2B services. The Companyâs product includes Fixed Odds Sports, Fixed Odds Racing, PointsBetting, and iGaming.