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TRUSTCO GROUP HOLDINGS LIMITED - further voluntary announcement regarding the option to acquire a beneficial interest in Huso Investments

Release Date: 24/06/2015 11:03
Code(s): TTO     PDF:  
Wrap Text
further voluntary announcement regarding the option to acquire a beneficial interest in Huso Investments

TRUSTCO GROUP HOLDINGS LIMITED
Incorporated in the Republic of Namibia
(Registration number 2003/058)
NSX Share Code: TUC
JSE Share Code: TTO
ISIN Number: NA000A0RF067
("the Company" or "Trustco")

FURTHER VOLUNTARY ANNOUNCEMENT REGARDING THE ACQUISITION OF AN OPTION TO
ACQUIRE A BENEFICIAL INTEREST IN HUSO INVESTMENTS (PTY) LTD

Shareholders are referred to the announcement published on SENS on 22 June 2015 regarding the
option agreement (“Option Agreement”) that has been entered into with Quinton van Rooyen, in
terms of which the Company acquired an option (“Option”) to acquire the entire shareholding in Huso
Investments (Pty) Ltd (“Huso”).

The exercise of the Option by the Company is subject to the conclusion of a share purchase
agreement between the parties and the Company and the Company obtaining sufficient irrevocable
undertakings to vote in favour of the transaction from remaining shareholders of Trustco. In terms of
the Option Agreement, such irrevocable undertakings must be received within 21 days of announcing
the Option Agreement on SENS.

In order to facilitate the canvassing of remaining shareholders with regards to the requisite irrevocable
undertakings, a detailed information pack has been compiled and is accessible at
http://j.mp/HusoSENS.


In order to access this information, a shareholder must prove their status as shareholder and
complete the requisite non-disclosure agreement (“NDA”) before being permitted full access to the
information pack. If the information pack is downloaded by a shareholder, the terms of the NDA are
such that a shareholder will be precluded from trading in the Company’s shares until 14 July 2015.
Should this date be extended, thereby extending the period precluding a shareholder from trading,
this extended date will be communicated to shareholders through a further announcement on SENS,
or until an announcement is released on SENS that sufficient irrevocable undertakings have been
obtained, whichever occurs first.

SHAREHOLDERS WHO DO NOT ENTER INTO THE SAID NDA OR DO NOT ACCESS THE
PROVIDED INFORMATION PACK ARE NOT PRECLUDED FROM TRADING IN THE COMPANY’S
SHARES.

The Company Secretary Ms Sandra Miller can be contacted on sandram@tgh.na should
shareholders have any further queries in this regard.


24 June 2015
Sponsor

Sasfin Capital
(a division of Sasfin Bank Limited)

NSX Sponsor
IJG (Pty) Limited

Date: 24/06/2015 11:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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