Home Retail Group Plc Joins OTCQX
02 October 2009 - 5:00PM
PR Newswire (US)
NEW YORK, Oct. 2 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc.
(Pink Sheets: PINK), the leading electronic inter-dealer quotation
system, trading technology and financial information provider for
over-the-counter (OTC) securities, today announced that Home Retail
Group plc (OTCQX: HMRTY, LSE: HOME.L), a leading British home and
general merchandise retailer, has chosen to list its American
Depositary Receipts (ADRs) on OTCQX®. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO ) Home
Retail Group's ADRs began trading today on the OTC market's highest
tier, OTCQX International Premier. Investors can find current
financial disclosure and real-time Level 2 quotes for the company
on http://www.otcqx.com/ and http://www.pinksheets.com/. "OTCQX
gives Home Retail Group a visible market tier to increase U.S.
investor awareness of their ADR program in the U.S. and
distinguishes them from the thousands of other companies traded
over-the-counter," said R. Cromwell Coulson, President and CEO of
Pink OTC Markets. "We are pleased to welcome Home Retail Group to
OTCQX." Richard Ashton, Finance Director of Home Retail Group
commented, "We are pleased to be listing our American Depositary
Receipts on OTCQX, which we are sure will be to the benefit of both
Home Retail Group and its ADR holders." Citi, which acts as
Depositary for Home Retail Group's ADR program, will serve as Home
Retail Group's Principal American Liaison ("PAL") on OTCQX,
responsible for providing guidance on listing requirements. About
Home Retail Group Plc (OTCQX: HMRTY, LSE: HOME.L) Home Retail
Group's ADRs will trade in the United States on OTCQX under the
symbol "HMRTY", where each ADR will represent 4 ordinary shares.
Home Retail Group's shares are also listed on the London Stock
Exchange, under the symbol HOME.L. Home Retail Group is the UK's
leading home and general merchandise retailer. With sales of 5.9
billion pounds Sterling in the last financial year, it sells
products under two distinctive retail formats - Argos and Homebase
- that are household names in the UK. For more about Home Retail
Group plc, visit http://www.homeretailgroup.com/. About OTCQX The
OTCQX marketplace is the premier tier of the U.S. over-the-counter
market. Investor-focused companies use the quality controlled OTCQX
listing platform to offer investors transparent trading, superior
information, and easy access through their regulated U.S.
broker-dealers. The innovative OTCQX platform offers companies and
their shareholders a level of marketplace services formerly
available only on a U.S. exchange. For more about OTCQX, visit
http://www.otcqx.com/. About Pink OTC Markets Inc. Pink OTC Markets
is a financial information and technology services company that
operates the leading electronic quotation and trading system in the
over-the-counter, or OTC, securities market. The OTCQX and Pink
Sheets® marketplaces that we operate constitute, by dollar volume,
the third largest U.S. liquidity pool for trading public company
shares, after The NASDAQ Stock Market, Inc. and The New York Stock
Exchange. Our technology platform provides a comprehensive suite of
information products and trading services for OTC market
participants. Our products and services promote market
transparency, facilitate regulatory compliance, and increase the
quality of issuer disclosure, to the benefit of all OTC market
participants. To learn more about how Pink OTC Markets' products
and services make OTC markets more transparent, informed, and
efficient, please visit our websites at http://www.pinkotc.com/,
http://www.pinksheets.com/ and http://www.otcqx.com/ or contact us
at . Pink OTC Markets is headquartered in New York City. Subscribe
to the OTCQX RSS Feed
http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGODATASOURCE:
Pink OTC Markets CONTACT: Matthew Sheldon, CCG Investor Relations,
+1-310-954-1346, Web Site: http://www.otcqx.com/
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