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®.
(Logo:
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO )
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.
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SOURCE OTC Markets Group Inc.