NEW YORK, March 30, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, today announced that IMI plc (LSE: IMI; OTCQX: IMIAY), a dynamic, worldwide company delivering innovative engineering solutions to leading global customers, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
IMI began trading today on the OTC market's highest tier, OTCQX International Premier. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
"OTCQX provides services to companies which enable them to communicate with and engage their investors, while providing them with transparent trading and easy access to company information," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome IMI, a FTSE 100 company, to OTCQX."
Citi will serve as IMI's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About IMI plc
IMI plc (LSE: IMI; OTCQX: IMIAY) trades in the United States on OTCQX under the symbol "IMIAY," where each ADR represents 2 ordinary shares. IMI is a global engineering company focused on the precise control and movement of fluids often in critical applications. It works with leading international companies in over 50 countries to deliver innovative engineering solutions built around valves and actuators. IMI is listed on the London Stock Exchange and is a member of the FTSE100.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
SOURCE OTC Markets Group Inc.