K+S Group Joins OTCQX
July 08 2009 - 2:00AM
PR Newswire (US)
NEW YORK, July 8 /PRNewswire/ -- Pink OTC Markets Inc., the leading
electronic inter-dealer quotation system, trading technology and
financial information provider for over-the-counter (OTC)
securities, today announced that K+S Aktiengesellschaft (Frankfurt:
SDF, OTCQX: KPLUY), a leading German-based supplier of specialty
and standard fertilizers, plant care, and salt products, has chosen
to list its American Depositary Receipts (ADRs) on OTCQX. K+S
Group's ADRs 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
http://www.otcqx.com/ and http://www.pinksheets.com/. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO ) "Listing
on OTCQX will provide K+S Group with greater access to the U.S.
capital market, the opportunity to expand its investor base and
increase international liquidity," said R. Cromwell Coulson,
Chairman and CEO of Pink OTC Markets. "We are pleased to welcome
K+S to the top tier of the OTC market." The Bank of New York
Mellon, which acts as Depositary for K+S Group's ADR program, will
serve as K+S Group's Principal American Liaison ("PAL") on OTCQX,
responsible for providing guidance on listing requirements. K+S
Group's ADRs will trade in the United States on OTCQX under the
ticker "KPLUY" where each ADR will represent 0.5 ordinary shares.
K+S's shares are also listed on the Frankfurt Stock Exchange in the
DAX-30 share index. The company's headquarters are in Kassel,
Germany. About K+S Group (Frankfurt: SDF, OTCQX: KPLUY) K+S Group
is one of the world's leading suppliers of specialty and standard
fertilizers, plant care, as well as salt products. With its
products and brands, K+S Group offers its customers a range of
needs-based goods and services which provides growth opportunities
in virtually every sphere of daily life. Based in Germany, K+S
Group employs approximately 12,000 people and achieved revenues of
just under 5.0 billion Euros in 2008. About OTCQX 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, OTCQX
distinguishes the reputable international issuers from the other
9,000 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 OTCQX, which commenced trading on
March 5, 2007. For more about OTCQX, visit http://www.otcqx.com/.
About Pink OTC Markets Inc. Pink OTC Markets Inc. provides the
leading inter-dealer electronic quotation and trading system in the
over-the-counter (OTC) securities market. We create innovative
technology and data solutions to efficiently connect market
participants, improve price discovery, increase issuer disclosure,
and better inform investors. Pink OTC Markets operates the third
largest U.S. equity trading venue which includes both the elite
OTCQX market tiers for strong OTC-traded companies that can satisfy
financial and disclosure listing standards and Pink Sheets for all
other OTC quoted securities. Pink OTC Markets is headquartered in
New York City. To learn more about how Pink OTC Markets' products
and services make OTC markets more transparent, informed, and
efficient, please visit our websites at http://www.pinkotc.com/,
http://www.pinksheets.com/ and http://www.otcqx.com/ or contact us
at . Subscribe to the OTCQX RSS Feed
http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGODATASOURCE:
Pink OTC Markets Inc. CONTACT: Matthew Sheldon, CCG Investor
Relations, +1-310-954-1346, Web Site: http://www.pinkotc.com/
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