NEW YORK, June 29 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Rexam PLC (OTCQX: REXMY, LSE: REX), a leading global consumer packaging company, has chosen to list its American Depositary Receipts (ADRs) on OTCQX®.
Rexam chose to trade its ADRs as a Level 1 ADR Over-the-Counter (OTC) Program in November 2007 and 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.
"We are pleased to welcome Rexam to OTCQX," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "OTCQX offers Rexam a convenient secondary market in the U.S. where U.S. investors can access company information, real-time quotes, and trade Rexam stock in U.S. dollars during U.S. trading hours."
The Bank of New York Mellon, which acts as Depositary for Rexam's ADR program, will serve as Rexam's Principal American Liaison (PAL) on OTCQX, responsible for providing guidance on listing requirements.
Rexam is a global consumer packaging company and manufactures beverage cans as well as plastic packaging products and solutions. Rexam's business operations are organized in two operating divisions: Beverage Cans and Plastic Packaging. The Beverage Cans division focuses on the manufacture of aluminium and steel cans used for beverages including beer, carbonated soft drinks, sports and energy drinks, iced tea and spirit mixers. The Plastic Packaging division focuses on the manufacture of rigid plastic products including drug delivery devices, spray samplers, lipstick and mascara cases, compacts, pumps for fine mists, lotions and foams, closures for fragrances, lotions and beverages, and food containers.
The OTCQX Marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality controlled OTCQX listing platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX-listed companies, visit www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system and facilitates trading in over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at firstname.lastname@example.org.
SOURCE Pink OTC Markets Inc.