Namibian Businessman Quinton Van Rooyen's Trustco Mulls Delisting To Sharpen Growth Focus
- Trustco Group considers delisting from JSE, NSX, and OTCQX to streamline operations and focus on growth opportunities.
- Trustco increased its stake in Legal Shield Holdings to 91.35 through a 25 million deal, strengthening its insurance dominance in Namibia.
- Controlled by Quinton van Rooyen's family, Trustco focuses on Southern Africas growth and broader international expansion.
Trustco Group, an investment holding company led by Namibian businessman Quinton van Rooyen and his family, is considering delisting from the Johannesburg Stock Exchange JSE, Namibian Stock Exchange NSX, and the OTCQX Market in the U.S.
This follows strategic evaluations aimed at simplifying its operations and pursuing fresh opportunities for expansion.
Delisting plans under reviewThe companys Board of Directors has begun a formal review of the delisting process , which includes obtaining an independent fairness opinion, as required by JSE rules, and consulting with regulators to ensure a smooth transition.
Shareholders will receive a detailed offer explaining the implications of the delisting, including its impact on previous transactions and compliance with Namibian laws.
To avoid disruptions during ongoing audits in South Africa, Namibia, and the U.S., Trustco has requested a temporary trading suspension on the JSE. Shareholders have been advised to remain informed and exercise caution during this period.