Oslo Børs taking over NOTCStatistics, Stock Markets — By admin on April 19, 2017 at 10:49 AM
The Norwegian Securities Dealers Association (NSDA) set up the NOTC information system for unlisted shares in 1999. Oslo Børs acquired 50% of the share capital of NOTC AS in 2006 and has since co-owned the company with NSDA. An agreement has now been reached for Oslo Børs to acquire NSDA’s 50% stake, meaning the company will be wholly owned by Oslo Børs. asd
NOTC constitutes the OTC market in Norway.
“NOTC will continue to be an important instrument for many small and large companies in the Norwegian securities market. NSDA has operated the OTC market efficiently and effectively to the benefit of many companies, and it will continue to be operated as before with personnel on hire from NSDA. We greatly value the good collaboration we have enjoyed for many years, and we are looking forward to continuing this with the new ownership situation”, comments Bente A. Landsnes, President and CEO of Oslo Børs.
“We are pleased that Oslo Børs is taking charge of progressing and developing NOTC. Nearly 470 companies have featured on the NOTC list since its start, and since we started keeping statistics in 2005 a total of more than NOK 150 billion of new equity has been raised. In view of the regulatory and technological changes that are taking place, we feel certain that Oslo Børs will develop NOTC for the benefit of the Norwegian securities market”, comments Sindre Støer, Managing Director of the Norwegian Securities Dealers Association.
More information on NOTC is available at www.vpff.no/NOTC
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