TIDMBSFA

RNS Number : 4383S

BSF Enterprise PLC

09 March 2023

9 March 2023

BSF Enterprise PLC

("BSF" or the "Company")

Application for Trading on US OTCQB Venture Market

BSF (LSE: BSFA), the Main Market listed biotech company and the owner of pioneering UK-based clinical and cellular agriculture company 3D Bio-Tissues, is pleased to announce that is has submitted an application for trading the Company's Ordinary Shares ("Ordinary Shares") on the OTCQB Venture Market in the United States.

Trading on the OTCQB market will allow BSF to access one of the world's largest investment markets, expanding its reach into a broader pool of investors and creating the potential for greater liquidity in the Company's shares. Shares will also be available to US investors during US trading hours, priced in US dollars, thereby easing cross-border trading, and providing the potential to enhance liquidity still further.

There is no capital raise associated with BSF trading on the OTCQB market and BSF's Ordinary Shares will continue to trade on its primary listing, the Main Market of the London Stock Exchange, under the ticker BSFA.

Che Connon, Managing Director of BSF Enterprise and CEO at 3D Bio Tissues, commented: "Joining the OTCQB market provides BSF with access to a wider investor audience which in turn can improve our liquidity. In addition, it helps raise our international profile, which could prove invaluable given the global potential for our market leading cellular agriculture products as we open up sales channels across key global markets."

Further Information on BSF's application and the OTCQB market below:

As a Foreign Private Issuer, BSF's onboarding to the OTC Markets is based on satisfaction of the requirements for OTCQB as applicable to international reporting companies including satisfaction of the criteria for the exemption under the US Exchange Act Rule 12g3-2(b) from SEC reporting. The Rule 12g3-2(b) exemption includes the disclosure obligation to ensure that certain information made public or distributed under home market regulations is made publicly available on the Company's website or other electronic information delivery system in English. Thus, the Company will have no additional reporting obligations and incur minimal ongoing costs, compared to traditional major exchanges.

As a verified market, the OTCQB offers transparent trading for companies that have met a minimum bid price test, are current in their financial reporting and have undergone an annual verification and management certification process. The cross-trading facility is provided through OTC Markets Group Inc., located in New York. OTC Markets operates the world's largest electronic interdealer quotation system for US broker dealers and offers multiple media channels to increase the visibility of OTC-listed companies. Online brokers such as Ameritrade, Fidelity Investments, Tradestation, Charles Schwab and E-trade all offer OTCQB trades. US investors can find real-time quotes, market information and access current company news and developments on a BSF page on the OTC Markets website after the application is completed .

BSF has appointed B. Riley Financial Company as its OTCQB Sponsor and is advised by Ince Lawyers in London.

Additional information about the OTCQB market can be found at:

www.otcmarkets.com/learn/market-101

-Ends-

   For further enquiries, please visit   www.bsfenterprise.com   or contact: 
 
 
 
   BSF Enterprise PLC                          Via SEC Newgate 
                                               below 
 Geoff Baker - Non-Executive Director 
  Che Connon - Executive Director 
 
 
   Shard Capital (Broker) 
 Damon Heath                                 0203 971 7000 
 
 
   SEC Newgate (Financial Communications) 
 Bob Huxford                                 020 3757 6882 
  Elisabeth Cowell                            BSF@secnewgate.co.uk 
  George Esmond

ISIN of the Ordinary Shares is GB00BHNBDQ51

SEDOL Code is BHNBDQ5.

Notes to Editors

BSF Enterprise PLC (BSF) is focused on unlocking the next generation of biotechnological solutions - using cell-based tissue engineering to help generate cultured meat, lab-grown leather, as well as human corneas, collagen growth and skin substitutes, as part of a radical transformation to deliver sustainable solutions across a variety of sectors.

It owns 100% of 3D Bio-Tissues (3DBT), a tissue engineering with patent-protected IP that is already producing human corneas to help restore vision to millions of people. Building on this success, it aims to produce the UK's first high quality lab-grown meat from its laboratory in Newcastle the next 12 months, transforming the meat-production industry towards an ethical and sustainable practice.

BSF aims to deliver growth to shareholders through the continued commercialisation of 3DBT's IP, which has multiple applications, as well as through M&A. It aims to acquire a suite of technologies that underpins the development of tissue templating for corneas, meat and leather, and license out the IP to manufacturers, wholesalers and distributors to help manufacture the products at scale.

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END

MSCUPUACWUPWURB

(END) Dow Jones Newswires

March 09, 2023 03:53 ET (08:53 GMT)

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