Trustco starts trading in New York

26 September 2019 | Business

Trustco Group Holdings, a local company with segments in financial services and resources, today became the first Namibian company to qualify to have its American Depository Receipts (ADRs) trade on the OTCQX Best Market.
OTC Markets Group is an American financial market providing price and liquidity information for 10 000 over-the-counter securities. The group has its headquarters in New York City.
"We are pleased to welcome Trustco Group Holdings Ltd. to the OTCQX Best Market," said Jason Paltrowitz, EVP of corporate services at OTC Markets Group.
"Trustco joins fellow South African Stock Exchange listed company, Impala Platinum Holdings Ltd., on OTCQX. Trading on OTCQX provides an efficient US market experience that reflects the prestige of the Johannesburg market and allows Trustco to efficiently execute the company's US strategy," Paltrowitz said.
The managing director of Trustco Group Holdings, Quinton van Rooyen, said: “The company is delighted to begin trading on the OTCQX Best Market joining over 400 established, investor-focused US and international companies.”

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