TMK Joins OTCQX
NEW YORK, March 24 /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 OAO TMK (TMK) (OTCQX: TMKXY, LSE: TMKS, RTS: TRMKG), one of the world’s leading oil and gas pipe producers and Russia’s largest manufacturer and exporter of steel pipes, has chosen to list its American Depositary Receipts (ADRs) on OTCQXÂ®.
TMK’s ADRs 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.pinksheets.com.
“We are pleased to welcome TMK to OTCQX,” said R. Cromwell Coulson, President and CEO of Pink OTC Markets. “OTCQX offers TMK a convenient secondary market in the U.S. where U.S. investors can access company information, real-time quotes, and trade TMK stock in U.S. dollars during U.S. trading hours.”
The Bank of New York Mellon Corp., which acts as Depositary for TMK’s ADR program, will serve as TMK’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on listing requirements.
(OTCQX: TMKXY, LSE: TMKS, RTS & MICEX: TRMKG) TMK ADRs will trade in the United States on OTCQX under the symbol “TMKXY”, where each ADR will represent 4 ordinary shares. TMK GDRs trade on the London Stock Exchange under “TMKS” while TMK ordinary shares are listed on the RTS and the MICEX stock exchanges under the symbol TRMKG. TMK is one of the world’s leading oil and gas pipe producers and Russia’s largest manufacturer and exporter or steel pipes. TMK was founded in 2001 and has production plants in Russia, the United States, Romania and Kazakhstan. For more about TMK, visit http://www.tmk-group.com.
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) is a financial information and technology services company that operates the leading electronic quotation and trading system in the OTC securities market. The OTCQX and Pink Sheets marketplaces constitute, by dollar volume, 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 technology platform provides a comprehensive suite of information products and trading services for OTC market participants. 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 email@example.com.
SOURCE Pink OTC Markets Inc.