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TRUSTCO GROUP HOLDINGS LIMITED - Increase in Issued Share Capital - Initial Payment in Terms of the Huso Transaction

Release Date: 21/09/2018 11:40
Code(s): TTO     PDF:  
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Increase in Issued Share Capital - Initial Payment in Terms of the Huso 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
(“Trustco” or “the Company”)



INCREASE IN ISSUED SHARE CAPITAL: INITIAL PAYMENT IN TERMS OF THE HUSO TRANSACTION

Trustco shareholders (“Shareholders”) are referred to the circulars dated 11 September 2015 
and 11 May 2017 and the announcements published on the Stock Exchange News Service (“SENS”) on 24
July 2018 and 4 September 2018 and definitions therein relating to the Huso Transaction
respectively.

Shareholders were advised that after receiving a mining license, valid for a 15 (fifteen) year period
the Huso Transaction, as amended, has become effective and unconditional and as such the Huso
Transaction has closed on 31 August 2018.

Shareholders are further referred to the terms of the Huso Transaction where the total purchase
consideration shall be payable by way of an issue of Trustco shares (“Shares”) to the Seller or
nominee. Shareholders are herewith advised that the initial payment has been issued to the Seller’s
nominee on 21 September 2018 in terms of the Huso transaction.

Trustco has therefore issued and listed an additional 143 300 000 Shares with effect from the
commencement of business today, at an issue price of R4.69 per Share. Following the listing of the
additional securities, there will be 970 442 090 Shares in issue.

Windhoek, Namibia
21 September 2018

Amanda Bruyns
Company Secretary: Trustco Group Holdings Limited

JSE Sponsor
Vunani Corporate Finance

NSX Sponsor
Simonis Storm Securities Proprietary Limited

Date: 21/09/2018 11:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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