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Namibia

Trustco Group Holdings Announces $5 Million Share Repurchase Deal

todayJune 25, 2024 14

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Trustco Group Holdings has completed a $5 million share repurchase agreement with the University of Notre Dame du Lac on the Johannesburg stock exchange. This deal involves acquiring 120.5 million shares, amounting to 12.8% of its total outstanding shares. The repurchased shares will be canceled as part of Trustco’s effort to enhance shareholder value by buying back undervalued shares. Deputy CEO of Trustco Group, Quinton Van Rooyen Junior

 

Written by: Leonard Witbeen

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