Kroton Educacional S.A. Begins Trading on OTCQX?
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.
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