UBM plc Begins Trading on OTCQX®
NEW YORK, Dec. 18, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that UBM plc (OTCQX: UBMPY; LSE: UBM), a global business-to-business events-led marketing services and communications business, has chosen to have its American Depositary Receipts (ADRs) traded on OTCQX®, the best marketplace with qualified companies.
UBM 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 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 UBM, our 20th U.K. company, to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "As a multinational company with offices on almost every continent, UBM exemplifies the high quality global companies trading on OTCQX. We look forward to working with UBM's management team in continuing to build the company's visibility with investors in the U.S."
Robert A. Gray, Chief Financial Officer of UBM, said, "We're delighted to join OTCQX. With about half of our revenues generated in the U.S., we seek to grow our U.S. shareholder base and expect the OTCQX will continue to raise our profile with U.S. investors."
BNY Mellon will serve as UBM's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
UBM is a global business-to-business events-led marketing services and communications business. It operates Events, PR Newswire and Marketing Services (Online and Print). The Events segment provides face-to-face interaction at exhibitions, trade shows, conferences, and other live events. PR Newswire provides communications products and services to public relations, corporate communications, marketing and investor relations professionals. Marketing Services help clients reach and engage with qualified audiences through the company's specialist websites, online directories and trade publications. The company was formerly known as United Business Media Limited and changed its name to UBM plc in May 2011. UBM was founded in 1918 and is headquartered in London, the United Kingdom.
UBM trades in the U.S. on OTCQX under the symbol "UBMPY," 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.
OTC Link® ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
SOURCE OTC Markets Group Inc.