Kroton Educacional S.A. Begins Trading on OTCQX®
NEW YORK, Oct. 24, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Kroton Educacional S.A. (OTCQX: KROTY; BM&F Bovespa: KROT3), one of the largest educational organizations in Brazil and worldwide, has chosen to have its American Depositary Receipts (ADRs) traded on OTCQX®, the best marketplace with qualified companies.
Kroton Educacional S.A. began trading today on OTCQX International Premier, a segment of the OTCQX marketplace reserved for world-leading non-U.S. companies that are listed on a qualified international exchange, undergo management reviews and provide their home country disclosure to U.S. investors. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are tremendously pleased Kroton Educacional S.A. has chosen to have its ADRs trade on the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX provides qualifying issuers the ability to distinguish themselves in the U.S. market and increase their visibility with traders, investors, analysts and the media through high-quality disclosure, transparent trading and ease of access to company information. We look forward to supporting Kroton Educacional S.A. and providing a robust public market for its shares."
"Trading on OTCQX is an important milestone for Kroton Educacional that will enable us to increase our visibility with U.S. investors by providing them convenient access to all news and information of our company," said Carlos Lazar, Investor Relations Officer of Kroton Educacional S.A.
BNY Mellon will serve as Kroton Educacional S.A.'s Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Kroton Educacional S.A. is one of the largest educational organizations in the world. Operating for over 45 years, Kroton has a nationwide presence in all of Brazil's states, with students in both On-Campus and Distance Learning formats. The company also operates in the Primary and Secondary Education offering Learning Systems.
Kroton Educacional S.A. trades in the U.S. on OTCQX under the symbol "KROTY," where each ADR represents one ordinary share.
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 with Qualified Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with Variable Reporting Companies. 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.
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SOURCE OTC Markets Group Inc.