NEW YORK, May 27, 2014 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected
financial marketplaces, today announced that Travis Perkins Plc
(LSE: TPK; OTCQX: TPRKY), the leading building materials supplier
in the U.K., has chosen to have its American Depositary Receipts
(ADRs) trade on OTCQX®, the best marketplace with qualified
companies.
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Travis Perkins begins trading
today on OTCQX under the symbol "TPRKY," where each ADR represents
one ordinary share. U.S. investors can find current financial
disclosures and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"We are pleased to welcome Travis
Perkins, an FTSE 100 company, to the OTCQX marketplace,"
said R. Cromwell Coulson, President
and CEO of OTC Markets Group. "By joining OTCQX, Travis Perkins ensures U.S. investors will have
transparent trading and convenient access to its news and
disclosure allowing them to more easily analyze, value and trade
its securities. We look forward to working with Travis Perkins as the company continues to
increase its profile in the U.S. market."
Tony Buffin, Travis Perkins' Group Finance Director, said,
"We are delighted to have our ADRs begin trading on OTCQX.
Our ADR program is an important step as we look to reach
capital pools previously unavailable to us and provide more
flexibility to investors in how they choose to invest. We
have chosen OTCQX for its transparent and convenient platform which
we are sure will resonate with our investors."
Citi serves as Travis Perkins'
Principal American Liaison ("PAL") on OTCQX, responsible for
providing professional guidance on OTCQX requirements.
Travis Perkins Group operates a diverse range of U.K.-based
building materials and products distribution businesses. The
businesses are organized into four divisions: General Merchanting,
Plumbing and Heating, Contracts and Consumer. The Group
supplies material through physical branches, stores, and
increasingly online, provides nationwide delivery services and has
a broad range of businesses in terms of scale and customers
served.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and
Connected financial marketplaces for 10,000 U.S. and global
securities. Through our OTC Link® ATS, we directly link a diverse
network of broker-dealers that provide liquidity and execution
services for a wide spectrum of securities. We organize these
securities into marketplaces to better inform investors of
opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The
Venture Stage Marketplace; and OTC Pink®, The Open Marketplace. Our
data-driven platform enables investors to easily trade through the
broker of their choice at the best possible price and empowers a
broad range of companies to improve the quality and availability of
information for their investors. To learn more about how we create
better informed and more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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