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TTO
TTO
TTO - Trustco - Arbitration Award: Trustco Group International (Pty) Ltd and the
South African Broadcasting Corporation
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
("the Company" or "the Group" or "Trustco")
Arbitration Award: Trustco Group International (Pty) Ltd and the South African
Broadcasting Corporation (SABC)
Trustco Group Holdings Limited (the Company) refers to the announcement
published on 23 June 2010.
The Company was advised by its external legal representatives that there are
good prospects that the amount of the award made by the arbitrator will be
increased by an Appeal Tribunal.
Acting on that advice the Company resolved to file an appeal against the award
made seeking an increase in the amount awarded. A notice of appeal was served on
the arbitrator and the SABC on 28 June 2010. The Company nominated retired judge
of Appeal JH Conradie, retired judge of Appeal J Smalberger and retired judge of
Appeal C Howie to constitute the Appeal Tribunal.
A further announcement will be made when a date for the hearing of the appeal is
determined. The Company expects that the matter will be finalized in the current
financial year.
By order of the Board
PJ Miller
Company Secretary
Windhoek
30 June 2010
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
Directors: Mrs M Nashandi, Mr. A Toivo Ya Toivo, Mrs. V de Klerk, Mr. FJ
Abrahams, Mr. G Walters, Mr. Q van Rooyen (Managing Director)
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: 30/06/2010 09:28:01 Produced by the JSE SENS Department.
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