NEW YORK, April 16, 2012 /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, announced
that Severn Trent PLC (OTCQX: STRNY; LSE: SVT), a leading FTSE 100
company focused on water treatment, 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
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Severn Trent began trading today on the OTC market's prestigious
tier, OTCQX International Premier. Investors can find current
financial disclosure and Real-Time Level 2 quotes for the Company
on www.otcmarkets.com.
"We are pleased to welcome Severn Trent to OTCQX," said R.
Cromwell Coulson, President and Chief Executive Officer of OTC
Markets Group. "The OTCQX platform offers investor-focused
companies a winning combination of quality control, transparency,
and broader visibility to U.S. investors."
BNY Mellon will serve as Severn Trent's Principal American
Liaison ("PAL") on OTCQX, responsible for providing guidance on
OTCQX requirements.
About Severn Trent PLC
Severn Trent PLC (OTCQX: STRNY; LSE: SVT) trades in
the United States on OTCQX under
the symbol "STRNY", where each ADR represents 1 ordinary share.
Severn Trent is also trading on the LSE under the symbol "SVT".
Severn Trent PLC provides and treats water and waste water in
the UK and internationally through two complementary businesses -
Severn Trent Water and Severn Trent Services.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's
largest OTC marketplace for equity securities. Our OTC Link®
trading system delivers price transparency in over 10,000
securities and enables direct interaction between broker-dealers
that provide liquidity and execution services. We organize the
marketplace by categorizing the wide spectrum of OTC-traded
companies into three tiers: OTCQX - The Intelligent Marketplace for
the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC
Pink® - The Open Marketplace. Our information-driven platform makes
it easy for investors to trade at the best price through the broker
of their choice and empowers companies to build the best markets
for their investors. To learn more about our Open, Transparent, and
Connected marketplace, visit www.otcmarkets.com.
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SOURCE OTC Markets Group Inc.