TRUSTCO GROUP HOLDINGS LIMITED - Update on the Legal Shield Holdings Transaction

Release Date: 07/08/2018 16:19
Code(s): TTO
 
Wrap Text
Update on the Legal Shield Holdings Transaction

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)
NSX Share Code: TUC
JSE Share Code: TTO
ISIN Number: NA000A0RF067
("the Company" or "Trustco”)



Update on the Legal Shield Holdings Transaction

Trustco shareholders (“Shareholders”) are referred to the circular dated 5 April 2018 (“Circular”)
regarding the disposal of a 20% interest in Legal Shield Holdings Proprietary Limited (“Disposal”) to
Riskowitz Value Fund (“the Purchaser”) and the SENS announcement dated 15 May 2018 where
Shareholders were advised that at the general meeting, the Disposal was duly approved by 99.77% of
Shareholders present and voting.

The terms of the Disposal determined that the Purchaser would pay the outstanding purchase price
together with interest thereon on or before 31 January 2019 (“the Due Date”).

The board of directors of Trustco is pleased to advise Shareholders that the Purchaser has settled the
full outstanding purchase price, together with the interest thereon on 3 August 2018 ahead of the Due
Date.


Amanda Bruyns
Company Secretary
Windhoek,
JSE Sponsor
Vunani Corporate Finance
Namibia


7 August 2018

Date: 07/08/2018 04:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story