Zimtu Capital Corp. Announces LEI Number
Vancouver, British Columbia (FSCwire) - Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the “Company” or “Zimtu”) announces that it has been assigned the Legal Entity Identifier (“LEI”) number 529900EN8XZNMVHI5I42. The European Union has adopted regulations that require use of the LEI as a barcode equivalent aimed at pinpointing systemic risks.
About the Legal Entity Identifier (LEI)
The Legal Entity Identifier (LEI) number is a 20-digit alphanumeric code. It is an internationally standardized and globally valid identifier for financial market participants. Its purpose is to clearly and unequivocally identify contracting parties (e.g., companies, banks, and investment funds). It is used to comply with a variety of financial reporting requirements. The Deutsche Borse Group has stated that “the LEI will clearly assist the regulatory authorities in monitoring and analysing threats to the stability of the financial markets, (but) it can also be utilised by counterparties internally for risk management purposes.”
Zimtu Capital meets the requirement for all companies listed on German Stock Exchanges (ie. Frankfurt Stock Exchange) to have an LEI number by January 3, 2018.
“Zimtu Capital and many of our equity holdings are listed, and actively trade, on one or more stock exchanges or trading platforms in Germany. We are committed to our European shareholders and are pleased that there will not be an interruption in their ability to trade our shares. This is also true for many of our equity holdings who have also received or are in the process of applying for an LEI number,” states President Dave Hodge.
According to the website of the Deutsche BÓ§rse Group, the LEI number will affect most aspects of the securities markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data and indices. (See http://deutsche-boerse.com/dbg-en/regulation/regulatorytopics/legal-entity-identifier)
For information on trading volumes for companies dual listed (Canada and Germany), visit https://zimtuadvantage.com to download the ZimtuADVANTAGE App.
About Zimtu Capital Corp.
Zimtu Capital Corp. is a public investment issuer that invests in, creates and grows early stage companies. For more information, visit http://www.zimtu.com.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
David Hodge
President & Director
Tel: 604.681.1568
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/zimtu11162017.pdf
Source: Zimtu Capital Corp. (TSX Venture:ZC, FWB:ZCT1)
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