Minerva S.A. Begins Trading on OTCQX®
NEW YORK, Aug. 14, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Minerva S.A. (OTCQX: MRVSY; BM&F Bovespa: BEEF3), one of the leading producers and sellers of fresh beef, industrialized beef products and beef by-products in South America, has chosen to have its American Depositary Receipts (ADRs) traded on OTCQX®, the best marketplace with qualified companies.
Minerva 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 pleased to welcome Minerva S.A. to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX provides qualifying companies like Minerva 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 the management team at Minerva as they continue to grow the company and provide a robust public market for their shares."
"Upgrading our ADR program to the OTCQX marketplace was the right move for Minerva and our investors," said Eduardo Puzziello, Investor Relations Officer of Minerva S.A. "With OTCQX, we can clearly convey our qualifications to the financial markets and ensure our shareholders receive high-quality disclosure, transparent trading and easy access through their regulated U.S. broker-dealer."
Deutsche Bank will serve as Minerva S.A.'s Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Minerva S.A. is one of the leading producers and sellers of fresh beef, industrialized beef products and beef by-products in South American, with a daily slaughter capacity of 11,480 head of cattle and deboning capacity of 2,240 tons, corresponding to approximately 14,177 head of cattle. The company also operates in the food service sector through Minerva Dawn Farms (MDF) joint venture, which has a meat-processing capacity of 120 tons per day and produces beef-, pork- and poultry-based foods.
Minerva S.A. trades in the U.S. on OTCQX under the symbol "MRVSY," where each ADR represents four ordinary shares.
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.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
SOURCE OTC Markets Group Inc.