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TRUSTCO GROUP HOLDINGS LIMITED - Extension For Publication Of Audited Interim Results For The 12 Months Ended 31 March 2020

Release Date: 15/07/2020 15:39
Code(s): TTO     PDF:  
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Extension For Publication Of Audited Interim Results For The 12 Months Ended 31 March 2020

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
OTCQX share code: TSCHY
ISIN Number: NA000A0RF067
(“Trustco” or “the Company”)


EXTENSION FOR PUBLICATION OF AUDITED INTERIM RESULTS FOR THE 12 MONTHS ENDED 31 MARCH 2020


Shareholders are referred to the announcement released on SENS on 31 March 2020 regarding the change in
Trustco’s year end from 31 March 2020 to 30 September 2020 as well as the announcement released on SENS
on 7 July 2020 regarding the appointment of Nexia SAB&T Chartered Accountants Incorporated as auditors of
the Company.


As a consequence of the change in year-end, the JSE required Trustco to publish audited interim results for the
12 months ended 31 March 2020 (“Audited Interim Results”).


Accordingly, the Company would normally have been required to distribute the Audited Interim Results to
shareholders by no later than 30 June 2020.
Shareholders are further referred to the second market notice (“Second Market Notice”) issued by the Financial
Services Conduct Authority (“FSCA”) on 29 May 2020, granting an extension of financial reporting periods and
are advised that the Company will be utilising the one-month extension period afforded to issuers in that notice
with interim period ends of 31 March 2020 and 30 April 2020.


Therefore, the Company will utilise the extension granted to 31 July 2020 to continue to finalise the Audited
Interim Results.


However, due to the restrictions placed on the Company as a consequence of the Covid-19 pandemic, it took
longer than expected to appoint new auditors of the Company. Furthermore, the international travel ban still
prohibits the travelling of the auditors to Namibia and the National Lockdown still hinders the completion of the
Audited Interim Results.


Notwithstanding the extension granted and relied upon by the Second Market Notice, Trustco expects to only
publish the Audited Interim Results on or about 30 September 2020.



15 July 2020
Komada Holdings (Pty) Ltd


Company Secretary and Investor Relations Services to Trustco Group Holdings Limited


Trustco Group Holdings Limited


JSE Sponsor
Vunani Corporate Finance - Johannesburg


NSX Sponsor
Simonis Storm Securities Proprietary Limited – Windhoek


OTCQX Sponsor
J.P Galda & Co – New York

Date: 15-07-2020 03:39:00
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