NEW YORK, July 16, 2020 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), operator of financial markets for 10,000
U.S. and global securities, today announced Tesco PLC (OTCQX:
TSCDY; TSCDF; LSE: TSCO), a leading multinational retailer with
outlets across Europe
and Asia, has qualified to trade on the OTCQX® Best Market.
Tesco PLC currently trades on the London Stock Exchange.
Tesco PLC begins trading today on OTCQX under the symbol "TSCDY"
and "TSCDF." U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
Trading on the OTCQX Market offers companies efficient,
cost-effective access to the U.S. capital markets. For companies
listed on a qualified international exchange, streamlined market
standards enable them to utilize their home market reporting to
make their information available in the U.S. To qualify for OTCQX,
companies must meet high financial standards, follow best practice
corporate governance, and demonstrate compliance with applicable
"We congratulate Tesco plc on this milestone and are delighted
to welcome them to our roster of leading European companies," said
Jason Paltrowitz, Executive Vice
President of Corporate Services at OTC Markets Group.
"Cross-trading on the OTCQX Market offers International issuers an
efficient solution to support North American investors by providing
improved transparency, disclosure and better access to trading
without the burden of SEC filing."
JP Morgan acted as the company's OTCQX sponsor.
About OTC Markets Group Inc.
OTC Markets Group
Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB®
Venture Market and the Pink® Open Market for 10,000 U.S. and global
securities. Through OTC Link® ATS and OTC Link ECN, we
connect a diverse network of broker-dealers that provide liquidity
and execution services. We enable investors to easily trade
through the broker of their choice and empower companies to improve
the quality of information available for investors.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated
by OTC Link LLC, member FINRA/SIPC.
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