| Tue 6 Dec 2011, 7:05 | | TTO - Trustco Group Holdings Limited - Withdrawal of Cautionary Announcement |
|
TTO
TTO
TTO - Trustco Group Holdings Limited - Withdrawal of Cautionary Announcement
relating to Trustco Mobile (Pty) Ltd
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 "Trustco")
Withdrawal of Cautionary Announcement Relating to Trustco Mobile (Pty) Ltd
Shareholders are referred to the cautionary announcements dated 3 February 2011,
14 March 2011, 15 April 2011, 26 May 2011, 6 July 2011, 18 August 2011, 29
September 2011 and 10 November 2011 and are advised that a tripartite agreement
between Trustco Mobile (Pty) Limited, Shoprite Namibia (Pty) Limited and Trustco
Life Limited, has successfully been concluded.
The salient features of the agreement are as follows;
1 The agreement between the parties will give rise to the provision of free
life cover to Shoprite customers based on their basket spend in Shoprite
stores across Namibia.
2 The initial term of the agreement will be for a trial period of 6 months.
3 If the pilot project is deemed a success by the parties, it is envisaged
that the model will be deployed in further markets where the parties
operate.
As negotiations with Shoprite have now successfully been concluded, caution is
no longer required to by shareholders when dealing in their securities.
By order of the Board
M Gebhardt
Company Secretary
Windhoek, 6 December 2011
JSE Sponsor
QuestCo Sponsors (Pty) Limited
NSX Sponsor
IJG Securities (Pty) Limited
Date: 06/12/2011 07:05:58 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
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
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,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
