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TTO
TTO
TTO - Trustco Group Holdings - Proposed investment by international finance
corporation (IFC) in Trustco student loan facility and cautionary announcement
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")
Proposed Investment By International Finance Corporation (IFC) in Trustco
Student Loan Facility and cautionary announcement
The proposed IFC Investment
Shareholders are advised that Trustco Group Holdings Limited (the Company)
entered into negotiations with the International Finance Corporation (the
"IFC") in terms of which the IFC proposed to provide a 7-year senior loan of
N$80 million (approximately USD10.9 million) to support the student lending
program of Trustco Finance (Pty) Ltd ( "Trustco Finance"). Trustco Finance is a
wholly owned subsidiary of the Company. In the event that a detailed agreement
is concluded with the IFC, shareholders will be duly advised of the terms and
conditions thereof.
The proposed investment will support the long term strategy of the Group as it
expands its micro-lending and education business in Namibia and in the Southern
African region.
The proposal is subject to the necessary approvals by the Company and the IFC.
Further caution
Shareholders are advised to exercise caution when dealing in the Company`s
securities until a final announcement is made.
For further details regarding the proposal refer to:
http://www.ifc.org/ifcext/spiwebsite1.nsf/2bc34f011b50ff6e85256a550073ff1c/15af6
1fe675326aa8525775100771082?opendocument
By order of the Board
PJ Miller
Company Secretary
Windhoek, 1 July 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: 01/07/2010 10:45:01 Produced by the JSE SENS Department.
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