insert_link Namibia Trustco Group Holdings Announces $5 Million Share Repurchase Deal 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 todayJune 25, 2024 16
insert_link Business / Economics Trustco Converts Debt to Equity, Plans $100 Million US Capital Raise Trustco Group Holdings Limited is converting 4.4 billion Namibian Dollars of debt into equity, setting the stage for a planned $100 million US capital raise. This involves exchanging debt owed to Next Capital and Dr. Quinton van Rooyen for new Trustco shares at a premium, anticipated to enhance Trustco's net asset value by approximately 1.5 billion Namibian Dollars. Deputy CEO, Quinton Van Rooyen Junior provided insights into the development. todayJune 12, 2024 39
insert_link Business / Economics Trustco Group reports resilient 2023 financial results Trustco Group Holdings Limited has released its 2023 financial results. The group maintained strong financial standing, ending the year with N$ 1.15 billion in shareholders' equity. However, the Group's Net Asset Value declined from N$ 1,834 million to N$ 1,153 million. Here’s Deputy CEO Quinton Van Rooyen Junior. todayDecember 19, 2023 35
