TRUSTCO GROUP HOLDINGS LIMITED - SPECIFIC REPURCHASE TRANSACTION
SPECIFIC REPURCHASE TRANSACTION
TRUSTCO GROUP HOLDINGS LIMITED
Incorporated in the Republic of Namibia
(Registration number 2003/058)
Registered as an external company in South Africa
(External registration number 2009/002634/10)
NSX share code: TUC
JSE share code: TTO
OTCQX share code: TSCHY
ISIN Number: NA000A0RF067
(“Trustco” or “the Group”)
SPECIFIC REPURCHASE TRANSACTION
Shareholders are referred to the announcement released on SENS on 20 August 2021
regarding the agreement entered into between Trustco Capital (Pty) Ltd (“Trustco Capital”)
and Constantia Risk and Insurance Holdings Limited (“Constantia”) in terms of which
Trustco Capital shall repurchase 51 769 633 Trustco shares from Constantia at a rate of
NAD 1.81 per share (“the Specific Repurchase”).
Reference is further made to the subsequent announcements, the last released on SENS
on 29 April 2022 in terms whereof the Parties entered into a third addendum to the Specific
Repurchase Agreement (“Agreement”) to extend the date for the completion of the
conditions precedent to 31 August 2022.
Shareholders are advised that the parties to the Agreement did not meet to discuss further
extensions to the Agreement and are further advised that the conditions precedent were not
fulfilled and therefore the Agreement is deemed null and void from inception.
Windhoek, Namibia,
30 September 2022
Komada Holdings (Pty) Ltd
Company Secretary and Investor Relations Services to Trustco Group Holdings
Limited
JSE Sponsor
Vunani Corporate Finance – Johannesburg
NSX Sponsor
Simonis Storm Securities Proprietary Limited – Windhoek
OTCQX Sponsor
J.P Galda & Co – New York
Date: 30-09-2022 08:59:00
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