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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Trustco Group Holdings

12 Results / Page 1 of 2

Background

Business / Economics

Trustco Group Aims to Become First Namibian Company Listed on Nasdaq

  Trustco Group Holdings Limited has officially applied to list its ordinary shares on the Nasdaq Stock Market. The application, submitted on 11 November, is part of the company’s plans to directly list its shares on Nasdaq, alongside its existing listings on the Namibian Stock Exchange and the Johannesburg Stock Exchange. If successful, Trustco will make history as the first Namibian company to be listed on Nasdaq. Trustco's Neville Basson: […]

todayNovember 13, 2024 29

Local

Meya Mining’s 391-Carat Diamond Recovery Marks Mega Clippir Discovery

  Trustco Group Holdings Ltd ("Trustco") has announced the results of a recent examination of the 391.47-carat diamond recovered by Meya Mining ("Meya") in Sierra Leone. Trustco holds a 19.5% interest in Meya, which operates under a 25-year exclusive diamond mining license in the Kono District. The 391.47-carat diamond was part of a 515-carat rough diamond recovered in the Meya River kimberlite domain on Tuesday, 20 August 2024, during the […]

todayOctober 22, 2024 16

Business / Economics

Trustco increases stake in Legal Shield

Trustco Group Holdings Limited has announced progress in its plan to acquire an additional 11.35% stake in Legal Shield Holdings from Riskowitz Value Fund LP. This acquisition will raise Trustco’s total ownership of LSH to 91.35%. The transaction, valued at approximately $468 million, includes two insurance companies, covering both short-term and life insurance, as well as real estate assets from the Otrusco Group. These assets include notable developments such as […]

todayOctober 15, 2024 34

Local

Trustco Group Holdings Announces Share Consolidation for Global Market Alignment

  Trustco Group Holdings Limited (JSE: TTO; NSX: TUC; OTCQX: TSCHY) has announced a significant move to implement a share consolidation, also known as a reverse stock split, in response to its recent upgrade of its American Depositary Receipts (ADR) program. The board has approved and recommended to shareholders a consolidation of shares at a ratio of 20:1. This consolidation aligns with the ADR ratio of 1:20, ensuring consistency between […]

todayAugust 14, 2024 15

Local

Trustco plans to upgrade ADR program to enhance presence in US capital markets

  Trustco Group Holdings Limited (Trustco) has announced plans to upgrade its American Depositary Receipts (ADR) program to Level 3, in order to expand its presence in the United States of America (US) capital markets. Trustco's ADR program began in 2014 as a Level 1 program through Bank of New York Mellon, and was enhanced in 2019 with a real-time Level 1 sponsored ADR program on the OTCQX Best Market. […]

todayAugust 8, 2024 7

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 40

Local

TRUSTCO’s Winna Mariba powered by nbc concludes sensational debut season

      Trustco Group Holdings Ltd (Trustco) and the Namibian Broadcasting Cor poration (NBC) celebrate the resounding success of the first season of their highly-anticipated television game show, Winna Mariba. Since its launch on October 18, 2023, this collaboration has captivated Namibian audiences, culminating in a memorable 13th episode celebrity finale that aired on May 29, 2024. Trustco's Winna Mariba, powered by NBC and premiered on NBC2 on March […]

todayMay 30, 2024 16

Business / Economics

Trustco increases stake in Legal Shield Holdings

Trustco Group Holdings Limited has announced the acquisition of an additional 11.35% interest in Legal Shield Holdings Limited from Riskowitz Value Fund LP for N$ 468 million.  The strategic transaction fortifies Trustco's investment footprint in the insurance and real estate sectors in Namibia, both primed for substantial growth in the post-pandemic landscape. The coveted assets acquired encompass Trustco Insurance Limited, Trustco Life Limited, and an extensive real estate portfolio spanning […]

todayApril 23, 2024 62

Business / Economics

Trustco secures N$ 950 million investment

Trustco Group Holdings Limited is finalising deals with key shareholders, including a cash investment of up to NAD 950 million from the United States fund Riskowitz Value Fund LP. The move solidifies RVF as a key anchor foreign investor, allowing Trustco to cement existing investments in the local economy. Quinton Van Rooyen Junior, Trustco's Deputy CEO.

todayJanuary 16, 2024 45

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