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OTC Markets Group Welcomes Sappi Ltd. to OTCQX

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OTC Markets Group announced that Sappi Ltd. (JSE: SAP; OTCQX: SPPJY), a global provider of woodfibre-based renewable materials, has upgraded from the Pink market to trade on the OTCQX Best Market. The company began trading under the symbol SPPJY on June 11, 2025. This upgrade provides enhanced transparency for U.S. investors, with real-time quotes and financial information available on otcmarkets.com. Companies must meet strict financial standards, corporate governance practices, and securities law compliance to qualify for OTCQX. Sappi CEO Steve Binnie stated this move aligns with their strategy to diversify their shareholder base beyond South Africa and increase visibility among North American investors interested in renewable resource and bio-based companies.
OTC Markets Group ha annunciato che Sappi Ltd. (JSE: SAP; OTCQX: SPPJY), un fornitore globale di materiali rinnovabili a base di fibra di legno, è stata promossa dal mercato Pink al mercato OTCQX Best. La società ha iniziato a negoziare con il simbolo SPPJY l'11 giugno 2025. Questo aggiornamento offre una maggiore trasparenza per gli investitori statunitensi, con quotazioni in tempo reale e informazioni finanziarie disponibili su otcmarkets.com. Per qualificarsi per l'OTCQX, le aziende devono rispettare rigorosi standard finanziari, pratiche di governance aziendale e conformità alle leggi sui titoli. Il CEO di Sappi, Steve Binnie, ha dichiarato che questa mossa è in linea con la loro strategia di diversificare la base azionaria oltre il Sudafrica e aumentare la visibilità tra gli investitori nordamericani interessati alle risorse rinnovabili e alle aziende bio-based.
OTC Markets Group anunció que Sappi Ltd. (JSE: SAP; OTCQX: SPPJY), un proveedor global de materiales renovables basados en fibra de madera, ha sido promovida del mercado Pink para cotizar en el OTCQX Best Market. La compañía comenzó a operar bajo el símbolo SPPJY el 11 de junio de 2025. Esta mejora ofrece mayor transparencia para los inversores estadounidenses, con cotizaciones en tiempo real e información financiera disponible en otcmarkets.com. Para calificar para OTCQX, las empresas deben cumplir con estrictos estándares financieros, prácticas de gobierno corporativo y cumplimiento de leyes de valores. El CEO de Sappi, Steve Binnie, afirmó que este movimiento está alineado con su estrategia de diversificar su base de accionistas más allá de Sudáfrica y aumentar la visibilidad entre los inversores norteamericanos interesados en empresas de recursos renovables y biobasados.
OTC Markets Group는 목재 섬유 기반 재생 가능 소재를 제공하는 글로벌 기업 Sappi Ltd. (JSE: SAP; OTCQX: SPPJY)가 핑크 마켓에서 OTCQX 베스트 마켓으로 상향 조정되었음을 발표했습니다. 이 회사는 2025년 6월 11일부터 SPPJY 심볼로 거래를 시작했습니다. 이번 상향 조정은 미국 투자자들에게 실시간 시세 및 재무 정보를 otcmarkets.com에서 제공함으로써 투명성을 강화합니다. OTCQX에 상장되기 위해서는 엄격한 재무 기준, 기업 지배구조 관행 및 증권법 준수를 충족해야 합니다. Sappi의 CEO Steve Binnie는 이번 조치가 남아프리카를 넘어 주주 기반을 다각화하고 재생 가능 자원 및 바이오 기반 기업에 관심 있는 북미 투자자들 사이에서 가시성을 높이려는 전략과 일치한다고 밝혔습니다.
OTC Markets Group a annoncé que Sappi Ltd. (JSE : SAP ; OTCQX : SPPJY), un fournisseur mondial de matériaux renouvelables à base de fibres de bois, a été promue du marché Pink au marché OTCQX Best. La société a commencé à être cotée sous le symbole SPPJY le 11 juin 2025. Cette montée en gamme offre une transparence accrue pour les investisseurs américains, avec des cotations en temps réel et des informations financières disponibles sur otcmarkets.com. Pour être éligibles à l'OTCQX, les entreprises doivent respecter des normes financières strictes, des pratiques de gouvernance d'entreprise et la conformité aux lois sur les valeurs mobilières. Le PDG de Sappi, Steve Binnie, a déclaré que cette démarche s'inscrit dans leur stratégie visant à diversifier leur base d'actionnaires au-delà de l'Afrique du Sud et à accroître leur visibilité auprès des investisseurs nord-américains intéressés par les entreprises de ressources renouvelables et bio-sourcées.
Die OTC Markets Group gab bekannt, dass Sappi Ltd. (JSE: SAP; OTCQX: SPPJY), ein globaler Anbieter von holzfaserbasierten erneuerbaren Materialien, vom Pink Market auf den OTCQX Best Market aufgestiegen ist. Das Unternehmen begann am 11. Juni 2025 unter dem Symbol SPPJY zu handeln. Dieses Upgrade bietet US-Investoren verbesserte Transparenz mit Echtzeitkursen und Finanzinformationen auf otcmarkets.com. Um sich für OTCQX zu qualifizieren, müssen Unternehmen strenge finanzielle Standards, Corporate-Governance-Praktiken und die Einhaltung von Wertpapiergesetzen erfüllen. Sappi-CEO Steve Binnie erklärte, dass dieser Schritt ihrer Strategie entspricht, die Aktionärsbasis über Südafrika hinaus zu diversifizieren und die Sichtbarkeit bei nordamerikanischen Investoren zu erhöhen, die an erneuerbaren Ressourcen und biobasierten Unternehmen interessiert sind.
Positive
  • Upgrade to OTCQX Best Market provides enhanced visibility and transparency for U.S. investors
  • Demonstrates company meets high financial standards and corporate governance requirements
  • Strategic move to diversify shareholder base beyond South Africa
  • Potential to attract North American investors interested in renewable resources sector
Negative
  • None.

NEW YORK, June 11, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Sappi Ltd. (JSE: SAP; OTCQX: SPPJY), a leading global provider of everyday materials made from woodfibre-based renewable resources, has qualified to trade on the OTCQX® Best Market. Sappi Ltd. upgraded to OTCQX from the Pink® market.

Sappi Ltd. begins trading today on OTCQX under the symbol “SPPJY.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

Commenting on Sappi’s decision to begin trading on the OTCQX Market, Sappi Limited CEO Steve Binnie said “It is our stated intention to diversify our shareholder base outside of South Africa. This move will provide more visibility and assurance to North American based investors interested in a renewable resource and bio-based company with strong domestic US manufacturing and customers alongside broad global coverage.

About Sappi Ltd.
Sappi is a leading global provider of everyday materials made from woodfibre-based renewable resources. As a diversified, innovative and trusted leader focused on sustainable processes and products, we are building a more circular economy by making what we should, not just what we can.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com


FAQ

What does Sappi Ltd's upgrade to OTCQX mean for investors?

The upgrade provides U.S. investors with better access to Sappi's stock, enhanced transparency, real-time Level 2 quotes, and current financial information through otcmarkets.com

What is Sappi Ltd's new OTCQX trading symbol?

Sappi Ltd trades on the OTCQX under the symbol SPPJY

Why did Sappi Ltd upgrade from Pink to OTCQX market?

Sappi upgraded to diversify its shareholder base outside South Africa and increase visibility among North American investors interested in renewable resource companies

What requirements did Sappi Ltd meet to qualify for OTCQX?

Sappi had to meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws

Where else is Sappi Ltd listed besides OTCQX?

Sappi Ltd is also listed on the Johannesburg Stock Exchange (JSE) under the symbol SAP
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