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TTO
TTO
TTO - Trustco Group Holdings - Disclosure of Material Business Agreement:
Trustco Mobile
TRUSTCO GROUP HOLDINGS LIMITED
Incorporated in the Republic of Namibia
(Registration number 2003/058)
NSX share code: TUC
JSE share code: TTO
ISIN Number: NA000A0RF067
Disclosure of Material Business Agreement: Trustco Mobile
Trustco Group Holdings Ltd (www.tgi.na) announces the conclusion of an agreement
between one of its subsidiaries, Trustco Mobile (Pty) Ltd and Powercom (Pty) Ltd
(www.cellone.com.na), a subsidiary of Telecel Globe Ltd (www.telecelglobe.com),
trading as Cell One in Namibia.
This agreement supercedes the test phase agreement previously entered into
between Powercom (Pty) Ltd and Trustco Group International (Pty) Ltd on the 8th
of April 2008 and announced on 16th of April 2008. The parties were satisfied
that the test phase was successfully completed.
In terms of the new agreement, Trustco Mobile will expand its offer of free life
cover from the limited customer base available during the aforementioned test
phase to now cover all purchasers of Cell One airtime. Life cover will be
extended on application, against a minimum airtime purchase per month. This
offer will be exclusive to Cell One customers in Namibia for the duration of the
agreement.
This agreement commences on 1 July 2009, and will remain in force for a minimum
period of one year. It includes provision for introductions to other mobile
service provider subsidiaries of Telecel Globe Ltd.
The Board is confident that this agreement is fundamental to the continued
development of this revolutionary product.
By order of the board
PJ Miller
Company Secretary
26 June 2009
Registered Office (Namibia)
Trustco House
2 Keller Street
P O Box 11363
Windhoek
Namibia
Registered Office (South Africa)
201 BP House
10 Junction Avenue
Parktown
2193
South Africa
NSX Sponsor
IJG Securities (Pty) Ltd
Registration No. 95/0080
Member of the NSX
100 Robert Mugabe Avenue
Windhoek
Namibia
(PO Box 186, Windhoek, Namibia)
Telephone: +264 61 383 500
Facsimile: +264 61 304 671
JSE Sponsor
QuestCo Sponsors (Pty) Ltd
Registration No. 2004/018276/07
The Campus
57 Sloane Street
1st Floor, Wrigley Field
Bryanston
South Africa
(PO Box 98956, Sloane Park, 2152, South Africa)
Telephone: +27 11 575 0088
Facsimile: +27 11 576 0088
Transfer Secretaries (South Africa)
Computershare Investor Services (Pty) Ltd
Registration number 2004/003647/07
Ground Floor
70 Marshall Street
Johannesburg, 2001
(PO Box 61051, Marshalltown, 2107)
Telephone: +27 11 370 7700
Facsimile: +27 11 688 7716
Transfer Secretaries (Namibia)
Transfer Secretaries (Pty) Ltd
Registration number 93/713
Shop 8
Kaiser Krone Centre
Post Street Mall
(PO Box 2401, Windhoek, Namibia)
Telephone: +264 61 22 76 47
Facsimile: +264 61 24 85 31
Date: 29/06/2009 09:00:03 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
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employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
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