insert_link 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 7
insert_link 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 2
insert_link Namibia Trustco Group Holdings Announces $5 Million Share Repurchase Deal Trustco Group Holdings has completed a $5 million share repurchase agreement with the University of Notre Dame du Lac on the Johannesburg stock exchange. This deal involves acquiring 120.5 million shares, amounting to 12.8% of its total outstanding shares. The repurchased shares will be canceled as part of Trustco's effort to enhance shareholder value by buying back undervalued shares. Deputy CEO of Trustco Group, Quinton Van Rooyen Junior todayJune 25, 2024 16
insert_link Local TRUSTCO’s Winna Mariba powered by nbc concludes sensational debut season Trustco Group Holdings Ltd (Trustco) and the Namibian Broadcasting Cor poration (NBC) celebrate the resounding success of the first season of their highly-anticipated television game show, Winna Mariba. Since its launch on October 18, 2023, this collaboration has captivated Namibian audiences, culminating in a memorable 13th episode celebrity finale that aired on May 29, 2024. Trustco's Winna Mariba, powered by NBC and premiered on NBC2 on March […] todayMay 30, 2024 11
insert_link Business / Economics Trustco increases stake in Legal Shield Holdings Trustco Group Holdings Limited has announced the acquisition of an additional 11.35% interest in Legal Shield Holdings Limited from Riskowitz Value Fund LP for N$ 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 37
insert_link 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 31
insert_link Local Trustco plans to raise NAD 2.4 billion from shareholders to tap into Namibia’s economic potential. Trustco Group Holdings Limited is concluding pivotal transactions with key shareholders that underscore confidence in Namibia's bright economic prospects and Trustco's time tested capabilities to channel investment into high-growth areas. First, Trustco and United States fund Riskowitz Value Fund LP (RVF) will enter into an option to make a cash investment of up to NAD 950 million into Trustco, entrenching RVF as a key anchor foreign investor. The […] todayJanuary 16, 2024 13
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
insert_link Namibia The Institute of Open Learning (IOL) celebrates another milestone in education at their graduation. In a splendid ceremony held at the Windhoek Country Club and Resort this morning, the International Open Learning (IOL) celebrated its annual graduation, marking a significant milestone for 860 graduates, their families, and friends. The pact venue bore witness to one of the largest gatherings of graduates in the field of education this year. "IOL has always been committed to providing quality education to Namibians, breaking barriers and making higher […] todayNovember 30, 2023 16
