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.
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.
SOURCE OTC Markets Group Inc.