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TRUSTCO GROUP HOLDINGS LIMITED - Closed Period Share Repurchase Programme

Release Date: 31/03/2020 13:50
Code(s): TTO     PDF:  
Wrap Text
Closed Period Share Repurchase Programme

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”)


Shareholders are advised that the Company has, in compliance with paragraph 5.72(h) of the Listings
Requirements of the JSE Limited ("JSE"), established a share repurchase programme in terms of which
the Company, either directly or through a subsidiary company, may repurchase ordinary shares during
its closed period ("Repurchase Programme").

The maximum number of shares that can be repurchased in terms of the Repurchase Programme will
be 194 853 123 and 52 840 211 if acquired by a subsidiary of the Company.

This closed period commences on 1 April 2020 and terminates on or about 30 June 2020, when the
Company is scheduled to publish its financial information for the period ended 31 March 2020.
The repurchase will be effected in accordance with the Listings Requirements of the JSE Limited and
the general authority to repurchase shares granted by Trustco shareholders at the annual general
meeting held on 12 September 2019. Accordingly, any repurchase of shares may not be executed at
a price greater than 10% above the weighted average trading price for Trustco shares for the five
business days immediately preceding the date on which any such repurchase is affected.

Trustco has appointed one agent to effect the repurchase.

31 March 2020
Komada Holdings (Pty) Ltd

Company Secretary
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: 31-03-2020 01:50:00
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