Trustco to List on NSX

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By Surihe Gaomas WINDHOEK Good news for Namibians is that they will for the first time be able to buy shares in Trustco Group Holdings on the Namibian Stock Exchange (NSX). The actual sale of shares in Trustco will open to the public as from Friday 1st September and will run till the 20th of the same month this year. The latest turn of events comes after the Listing Committee of the NSX gave their blessing late Tuesday evening to have Trustco Group Holdings listed on the local stock exchange. Managing Director of Trustco Group Holdings, Quinton Van Rooyen, and Managing Director of Legal Shield, Stanely Katzao, briefed President Hifikepunye Pohamba about these positive developments and other future plans of the company at State House early this week. Speaking to the media after the visit, Van Rooyen explained that 30 percent of the shares would be available to the public, while 10 percent will be reserved for purchase by the staff members of Trustco Group Holdings. A block of 100 shares within the company will be available for N$320,00, which means its N$3,20 per share. Now that the NSX has approved the listing application, the purchase of shares in the Trustco Group Holdings subsidiary companies, Legal Shield and the Institute for Open Learning, will be open to the public as well. All that now remains is for the prospectus to be forwarded to the Registrar of Companies for final approval today. Meanwhile, President Pohamba is expected to officially inaugurate the joint venture printing press between Trustco Group Holdings and The Namibian newspaper today.