NEW YORK, Oct. 24, 2013 /PRNewswire/ -- OTC
Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Kroton
Educacional S.A. (OTCQX: KROTY; BM&F Bovespa: KROT3), one of
the largest educational organizations in Brazil and worldwide, has chosen to have its
American Depositary Receipts (ADRs) traded on OTCQX®, the best
marketplace with qualified companies.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
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Kroton Educacional S.A. began trading today on OTCQX
International Premier, a segment of the OTCQX marketplace reserved
for world-leading non-U.S. companies that are listed on a qualified
international exchange, undergo management reviews and provide
their home country disclosure to U.S. investors. U.S.
investors can find current financial disclosures and Real-Time
Level 2 quotes for the company on www.otcmarkets.com.
"We are tremendously pleased Kroton Educacional S.A. has chosen
to have its ADRs trade on the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC
Markets Group. "OTCQX provides qualifying issuers the ability
to distinguish themselves in the U.S. market and increase their
visibility with traders, investors, analysts and the media through
high-quality disclosure, transparent trading and ease of access to
company information. We look forward to supporting Kroton
Educacional S.A. and providing a robust public market for its
shares."
"Trading on OTCQX is an important milestone for Kroton
Educacional that will enable us to increase our visibility with
U.S. investors by providing them convenient access to all news and
information of our company," said Carlos
Lazar, Investor Relations Officer of Kroton Educacional
S.A.
BNY Mellon will serve as Kroton Educacional S.A.'s Principal
American Liaison ("PAL") on OTCQX, responsible for providing
professional guidance on OTCQX requirements.
Kroton Educacional S.A. is one of the largest educational
organizations in the world. Operating for over 45 years,
Kroton has a nationwide presence in all of Brazil's states, with students in both
On-Campus and Distance Learning formats. The company also
operates in the Primary and Secondary Education offering Learning
Systems.
Kroton Educacional S.A. trades in the U.S. on OTCQX under the
symbol "KROTY," where each ADR represents one ordinary share.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates Open, Transparent and Connected financial
marketplaces for 10,000 U.S. and global securities. Through our OTC
Link® ATS, we directly link a diverse network of broker-dealers
that provide liquidity and execution services for a wide spectrum
of securities. We organize these securities into marketplaces to
better inform investors of opportunities and risks – OTCQX®, The
Best Marketplace with Qualified Companies; OTCQB®, The Venture
Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The
Open Marketplace with Variable Reporting Companies. Our data-driven
platform enables investors to easily trade through the broker of
their choice at the best possible price and empowers a broad range
of companies to improve the quality and availability of information
for their investors. To learn more about how we create better
informed and more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.