NEW YORK, March 16, 2015 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected
financial marketplaces, today announced Qantas Airways Ltd. (ASX:
QAN; OTCQX: QABSY), Australia's
largest domestic and international airline group, has qualified to
have its American Depositary Receipts (ADRs) trade on
OTCQX®, the best marketplace for established, global and
growth companies.
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Qantas begins trading today on OTCQX under the symbol "QABSY,"
where each ADR represents 10 ordinary shares. U.S. investors
can find current financial disclosure and Real-Time Level 2 quotes
for the company on www.otcmarkets.com.
"Qantas is one of the world's leading long distance airline
companies serving more than 1,200 destinations globally with its
partners," said R. Cromwell Coulson,
President and CEO of OTC Markets Group. "We are proud to
welcome this esteemed, global brand to the growing family of
international companies on OTCQX and look forward to supporting the
company as it expands and enhances long-term value for
shareholders."
"The U.S. is one of the Qantas Group's most important
international markets, and we look forward to broadening our
exposure to investors across North
America through OTCQX," said Alan
Joyce, Qantas Group CEO.
BNY Mellon serves as Qantas' Principal American Liaison ("PAL")
on OTCQX, responsible for providing professional guidance on OTCQX
requirements.
Qantas is the largest domestic and international airline group
based in Australia, engaged in the
operation of international and domestic air transportation services
and airline related services, such as the provision or freight
services and the operation of the Qantas Frequent Flyer loyalty
program. The company's main business is the transportation of
customers using two complementary airline brands - Qantas and
Jetstar. The company also operates subsidiary businesses
including other airlines and businesses in specialist markets such
as Q Catering, Qantas Freight Enterprises, and Qantas Frequent
Flyer, as well as being the cornerstone investor in Jetstar-branded
airlines across Asia Pacific.
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 inform investors of
opportunities and risks: the OTCQX® Best Marketplace; the OTCQB®
Venture Marketplace; and the OTC Pink® Open Marketplace. 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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Media Contact:
Saskia
Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428,
saskia@otcmarkets.com
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SOURCE OTC Markets Group Inc.