Kingfisher plc Joins OTCQX

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Sep 16, 2010, 07:00 ET

NEW YORK, Sept. 16 /PRNewswire/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Kingfisher plc (LSE: KGF; OTCQX: KGFHY), Europe's leading home improvement retail group and the third largest in the world, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.

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Kingfisher 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 www.otcqx.com and www.otcmarkets.com.

"The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome Kingfisher to the list of FTSE 100 companies trading on OTCQX."

BNY Mellon, which acts as Depositary for Kingfisher's ADR program, will serve as Kingfisher's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

About Kingfisher plc

Kingfisher plc (LSE: KGF; OTCQX: KGFHY) will trade in the United States on OTCQX under the symbol "KGFHY", where each ADR will represent 2 ordinary shares. Kingfisher is Europe's leading home improvement retail group and the third largest in the world, with nearly 840 stores in eight countries in Europe and Asia, generating sales of 10.5 billion pounds Sterling. Its main retail brands are B&Q, Castorama, Brico Depot and Screwfix. Kingfisher also has a 50% joint venture business in Turkey with Koc Group, and a 21% interest in, and strategic alliance with Hornbach, Germany's leading large format DIY retailer. For more information, visit http://www.kingfisher.com.

About OTCQX

The OTCQX marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at [email protected].

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SOURCE Pink OTC Markets Inc.