Telix Files Form 20-F Registration Statement for Nasdaq ADS

MELBOURNE, Australia, Oct. 18, 2024 /PRNewswire/ -- Telix Pharmaceuticals Limited (ASX: TLX, Telix, the Company) announces that it has publicly filed a Form 20-F registration statement (Registration Statement) with the United States (U.S.) Securities and Exchange Commission (SEC) relating to a proposed listing of American Depository Shares (ADS), representing the Company's ordinary shares, on the Nasdaq Stock Market (Nasdaq).

The proposed Nasdaq listing is expected to be established as a Level II American Depositary Receipt (ADR) program, enabling streamlined and simplified access to Telix shares by the U.S. market. The Company believes this decision will further facilitate significant interest in the Company from U.S. and global investors, as well as simplify access to Telix's securities and equity-related incentives for U.S. domiciled employees. Telix is not proposing to raise capital or issue any new shares under the Registration Statement or as part of the proposed Nasdaq listing.

Telix's commercial and operational presence in North America is expanding through both organic growth and acquisitions, with the majority of Telix's employees now based in the U.S. Telix believes that a Nasdaq listing aligns with its strategic goals to broaden its global investor base and to attract and retain the highest calibre of talent, while increasing visibility in the most dynamic securities market for global biopharmaceutical firms.

The Company expects to retain its primary listing for its ordinary shares on the Australian Securities Exchange (ASX) for the foreseeable future, alongside the proposed Nasdaq listing. Each ADS will represent one fully paid ordinary share of the Company and will trade on Nasdaq under the ticker symbol "TLX".

The commencement of trading on Nasdaq is expected to take place after the SEC and Nasdaq have completed their review process and following effectiveness of the Registration Statement. There can be no assurance as to the occurrence, timing and/or completion of the proposed listing.

A copy of the Registration Statement that has been filed with the SEC is available at https://www.sec.gov/Archives/edgar/data/2007191/000114036124043618/ny20034211x3_20fr12b.htm

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.