News

Play Magnus Group Begins Trading on OTCQX and Named Fastest Growing Gaming Company in Europe

22 March 2022

Play Magnus Group (Euronext Growth Oslo: PMG), (OTCQX: PMGMF), a global leader in the chess industry with an ecosystem of digital brands and services in the areas of elearning and entertainment, has qualified to trade on the OTCQX® Best Market. OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for 12,000 US and international securities.

Play Magnus Group began trading on Friday March 18 on OTCQX under the symbol “PMGMF.”  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company onwww.otcmarkets.com. The OTCQX Best Market is the highest market tier of OTC Markets. Upgrading to the OTCQX Best Market is an important step for Play Magnus Group to provide more visibility and accessibility of trading for its U.S. investors. Play Magnus Group common shares will continue to trade on the Euronext Growth Oslo Exchange under the symbol PMG.   

As a company listed on a qualified international exchange, streamlined market standards enable Play Magnus to utilize its home market reporting to make information available in the U.S. As part of its qualification for OTCQX, Play Magnus has and will continue to meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

The news of the company beginning trading on OTCQX arrives at a similar time to the release of the Financial Times – Statista 2022 ranking of the top 1000 fastest growing companies in Europe which places Play Magnus Group 1st place across all gaming companies and 27th overall. The ranking is composed of European companies that achieved the highest compound annual growth rate in revenue between 2017 and 2020.

Andreas Thome, CEO of Play Magnus Group said, “We are delighted to see Play Magnus Group recognized as the fastest growing gaming company in Europe according to Financial Times’ FT 1000 list. In addition, we are very excited to begin trading on OTCQX. Chess is very popular in the United States and is an important market for the growth of Play Magnus Group. We are glad that our shares are becoming more accessible and more investors can participate along our journey.”