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Change in the role of a director
TRUSTCO GROUP HOLDINGS LIMITED
Incorporated in the Republic of Namibia and
Registered as an external company in South Africa
(Registration number 2003/058)
(External registration number 2009/002634/10)
NSX share code: TUC
JSE share code: TTO
ISIN Number: NA000A0RF067
(“Trustco”)
CHANGES TO THE BOARD: APPOINTMENT OF LEAD INDEPENDENT DIRECTOR
In accordance with the requirements of paragraph 3.59(c) of the JSE Limited Listings
Requirements, the Trustco board announce that Professor Lana Joy Weldon, currently an
independent non-executive director, has been appointed as the Lead Independent Non-
Executive Director with effect from 29 June 2018.
Professor Weldon is a South African citizen, currently employed as an associate professor
and head of subject for Governance and Auditing at the University of Fort Hare. Professor
Weldon holds a B Comm Accounting (Rhodes), a B Compt Hons (Unisa), a MBA (Edinburgh
Business School) and is currently reading for a PhD at Nelson Mandela University. Professor
Weldon is a South African Chartered Accountant, has completed the Alternative Exchange
Directors Induction Programme, is currently completing the chartered director (IODSA)
qualification and is a registered assessor (SAICA).
Trustco currently has an Independent Non-Executive Director as chairman of the board, the
highly esteemed Advocate Raymond Heathcote, SC, a Namibian citizen who served as an
acting judge of the High Court of Namibia in 2005, 2007, 2009 and 2011. Advocate
Heathcote is a member of the Society of Advocates and was honoured by being appointed as
senior counsel in 2009.
The King IV report on corporate governance recommends that a company appoint a lead
independent director to fulfil various functions inter alia to serve as sounding board for the
chairman and in his absence, act in his stead.
Trustco relishes the challenge to maintain its status as forerunner of corporate governance
and international best practices. Both board and management welcome the opportunity to
be testbed of the new King IV report with regards to the highest standards of transparency.
Windhoek, Namibia
29 June 2018
Amanda Bruyns
Company Secretary: Trustco Group Holdings Limited
JSE Sponsor: Sasfin Capital (A member of the Sasfin group)
NSX Sponsor: Simonis Storm Securities (Pty) Ltd
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