TRUSTCO SETS SHAREHOLDERS VOTING DATE ON LEGAL SHIELD HOLDINGS ACQUISITION
Windhoek, Khomas, Namibia, 5th Dec 2024 – Trustco Group Holdings Limited (JSE: TTO; NSX: TUC; OTCQX: TSCHY), today announced the distribution of a circular and notice of a General Meeting related to its NAD 469 million (USD 26 million) equity acquisition of additional shares in Legal Shield Holdings Limited (LSH). The transaction, initially announced on 23 April 2024, involves Trustco acquiring 1,135 shares from Riskowitz Value Fund LP (RVF), which will increase the company’s stake in LSH to 91.35%. The circular, which includes a fairness opinion, outlines the terms of the transaction and invites shareholders to a General Meeting on 7 January 2025 to vote on the proposal.
Quinton Z van Rooyen, Deputy CEO of Trustco
Quinton Z van Rooyen, Deputy CEO of Trustco, commented: “This transacti...