Imperial Tobacco Group PLC ("Imperial Tobacco") (PINKSHEETS: ITYBY) (OTCQX: ITYBY), the world's fourth largest international tobacco company, has chosen to list its American Depositary Receipts (ADRs) on International OTCQX.
Imperial Tobacco's ADRs began trading today on the OTC market's highest tier, International PremierQX, where investors can find current disclosure and financial information on the company (available on www.otcqx.com and www.pinksheets.com).
"We are pleased to welcome a company of Imperial Tobacco's caliber to the International OTCQX market tier," said R. Cromwell Coulson, Chairman and CEO of Pink OTC Markets Inc. "As an International OTCQX-listed company, Imperial Tobacco distinguishes itself as one of the most prestigious companies trading over-the-counter, and provides U.S. investors with access to their latest news and disclosure information."
Citibank will serve as Imperial Tobacco's Principal American Liaison ("PAL") on the International OTCQX, responsible for providing guidance on listing requirements.
Imperial Tobacco's ADRs will trade in the United States on International OTCQX under the ticker "ITYBY" where each ADR will represent two ordinary shares. Imperial Tobacco's shares are also listed on the London Stock Exchange. The company's headquarters are in Bristol, United Kingdom.
Showing posts with label OTCQX. Show all posts
Showing posts with label OTCQX. Show all posts
Friday, 12 September 2008
Friday, 5 September 2008
International OTCQX
International OTCQX provides a gateway to U.S. securities markets for international companies that are listed on a qualified non-U.S. exchange and provide ongoing disclosure in English to U.S. investors. More importantly, International OTCQX distinguishes the reputable international issuers from the 8,000 over-the-counter (OTC) securities traded in the U.S. Only leading companies that have substantial operating businesses and provide credible disclosure to the public are eligible for inclusion on the premium-tier International OTCQX, which commenced trading on March 5, 2007. For more about International OTCQX, visit www.otcqx.com.
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