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TRUSTCO GROUP HOLDINGS LIMITED - Second Addendum to the Specific Repurchase Transaction

Release Date: 28/01/2022 16:40
Code(s): TTO     PDF:  
Wrap Text
Second Addendum to the Specific Repurchase 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
OTCQX share code: TSCHY
ISIN Number: NA000A0RF067
(“Trustco” or “the Group”)

SECOND ADDENDUM TO THE SPECIFIC REPURCHASE TRANSACTION

Shareholders are referred to the announcement released on SENS on 20 August 2021 regarding
the agreement entered into between Trustco Capital (Pty) Ltd (“Trustco Capital”) and
Constantia Risk and Insurance Holdings Limited (“Constantia”) in terms of which Trustco
Capital shall repurchase 51 769 633 Trustco shares from Constantia at a rate of NAD 1.81 per
share (“the Specific Repurchase”).

Reference is further made to the announcement released on SENS on 11 November 2021 in
terms whereof the Parties entered into an addendum to the Sale and Purchase of Shares
Agreement (“Agreement”) to extend the date for the completion of the Conditions Precedent
to 31 January 2022.

Shareholders are advised that the parties entered into a second addendum in terms whereof
the date for the completion of the Conditions Precedent was extended to 30 April 2022.

Windhoek, Namibia,
28 January 2022

Komada Holdings (Pty) Ltd
Company Secretary and Investor Relations Services to Trustco Group Holdings Limited

JSE Sponsor
Vunani Sponsors - Johannesburg

NSX Sponsor
Simonis Storm Securities Proprietary Limited – Windhoek

OTCQX Sponsor
J.P Galda & Co – New York

Date: 28-01-2022 04:40:00
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