TRUSTCO GROUP HOLDINGS PLANS TO MAKE HISTORY AS FIRST NAMIBIAN COMPANY TO BE LISTED ON NASDAQ
Trustco Group Holdings Limited (JSE: TTO; NSX: TUC; OTCQX: TSCHY), announced that it has submitted an application on 11 November 2024 to list its ordinary shares on the Nasdaq Stock Market (“Nasdaq”) under the ticker “TRCO.” Trustco submitted the application in connection with the proposed direct listing of its ordinary shares on Nasdaq in addition to its current listings on the Namibian Stock Exchange (“NSX”) and the Johannesburg Stock Exchange (“JSE”).
Trustco expects to make history as the first Namibian company to be listed on Nasdaq, marking Namibia as the 46th country represented on Nasdaq. Trustco expects that its planned Nasdaq listing will offer greater exposure to U.S. capital markets, which represents more than half of the world’s global equity market capitalization, while main...