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TRUSTCO GROUP HOLDINGS LIMITED - Dealings by a Director of the Company and conclusion of the Related Party Loan program (NAD 1 Billion loan)

Release Date: 02/04/2019 16:00
Code(s): TTO     PDF:  
 
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Dealings by a Director of the Company and conclusion of the Related Party Loan program (NAD 1 Billion loan)

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

(“Trustco” or “the Company”)

Dealings by a Director of the Company and conclusion of the Related Party Loan program (NAD 1 Billion
loan)

Trustco Shareholders (“Shareholders”) are referred to the Related Party Loan program approved by
Shareholders on 22 January 2019 and subsequent SENS announcements regarding director dealings related to
the Related Party Loan program.

Shareholders are further advised that the final share placements took place on 29 March 2019, whereby the
Related Party Loan program was concluded.


Dealing by Director

In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements, the Company discloses the
following dealings in securities by an executive director of Trustco:

Name of Director:             Dr Quinton van Rooyen

Designation:                  CEO of Trustco and executive director

Date of transaction:          29 March 2019

Number of Securities:         30 208 333

Price per security (cents):   960 cents

Value of transaction:         ZAR 289 999 996.80

Nature of transaction:        Off-market sale of shares

Class of Security:            Ordinary shares

Nature of interest:           Direct beneficial

Clearance obtained:           Yes


Name of Director:             Dr Quinton van Rooyen

Designation:                  CEO of Trustco and executive director

Date of transaction:          29 March 2019

Number of Securities:         30 208 333

Price per security (cents):   960 cents

Value of transaction:         ZAR 289 999 996.80

Nature of transaction:        Off-market sale of shares

Class of Security:            Ordinary shares

Nature of interest:           Direct beneficial
 Clearance obtained:                               Yes


 Name of Director:            Dr Quinton van Rooyen

 Designation:                 CEO of Trustco and executive director

 Date of transaction:         29 March 2019

 Number of Securities:        25 000 000

 Price per security (cents):  1600 cents

 Value of transaction:        ZAR 400 000 000

 Nature of transaction:       Off-market sale of shares

 Class of Security:           Ordinary shares

 Nature of interest:          Direct beneficial

 Clearance obtained:          Yes


The board discloses the following details regarding the Related Party Loan program, which has now been
concluded.

1. The Related Party Loan program is oversubscribed by NAD 269 641 529,45. The
   oversubscribed portion will be provided as a loan on normal commercial terms and used in
   the ordinary course of business for the benefit of the Group. The Related Party Loan program
   which is subject to a convertible option will be limited to NAD 1 billion.

2. No dilution for existing Shareholders occurred.

3. The weighted average price per share of the “off-market” trades relating to the Related Party
   Loan program are 1147 cents per TTO shares.

Amanda Bruyns

Company Secretary: Trustco Group Holdings Limited

Windhoek, Namibia

2 April 2019
JSE Sponsor

Vunani Corporate Finance

NSX Sponsor

Simonis Storm Securities Proprietary Limited

Date: 02/04/2019 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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