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Trustco disposing of a minority interest in Trustco Finance
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)
JSE share code: TTO
NSX share code: TUC
OTCQX share code: TSCHY
ISIN Number: NA000A0RF067
("Trustco" or "Company")
TRUSTCO GROUP HOLDINGS LIMITED ("TRUSTCO") DISPOSING OF A MINORITY
INTEREST IN AN INVESTMENT TRUSTCO FINANCE (PTY) LTD
Trustco shareholders are referred to the announcement published on SENS dated 2 June
2023. Trustco advised that TBN Holdings Limited ("TBN"), Trustco's investment vehicle in
the banking portfolio, has entered into an agreement with Finbond Group Limited ("Finbond")
in terms whereof Finbond would acquire 49% of Trustco Finance (Pty) Ltd ("Trustco
Finance") (the "Finbond Transaction").
Trustco advises shareholders that the parties have agreed not to continue with the
transaction at this time, but may revisit it in future. Further announcements will be made as
and when required.
Windhoek, Namibia,
1 November 2023
Komada Holdings (Pty) Ltd
Company Secretary and Investor Relations Services to Trustco Group Holdings
Limited
JSE Sponsor
Vunani Sponsors
NSX Sponsor
Simonis Storm Securities Proprietary Limited – Windhoek
OTCQX Sponsor
J.P Galda & Co – New York
Date: 01-11-2023 03:48:00
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