Chamwe Kaira
Trustco Group Holdings Limited has issued a further cautionary announcement to shareholders as it continues to assess the implications of new listing regulations on its proposed delisting.
The company, which is incorporated in Namibia and registered as an external company in South Africa, said its board is still investigating the impact of the recently implemented Simplified Listings Requirements (SLR), which came into effect on 16 February 2026.
In a SENS announcement released this week, Trustco referred shareholders to its earlier communications regarding the proposed delisting, including the most recent update published on 13 January 2026. In that announcement, the board indicated it would reconsider its position in light of the introduction of the SLR.
The company has not yet made a final decision regarding the delisting and advised shareholders to continue exercising caution when dealing in its securities until a comprehensive delisting announcement is issued.
Trustco is listed on the JSE under the share code TTO, on the NSX under TUC, and on the OTCQX under TSCHY.
Trustco first announced in January last year that it was evaluating options to delist the company from the Johannesburg Stock Exchange (JSE), the Namibian Stock Exchange (NSX) and the OTCQX in the United States, as it prepared for a planned listing on the Nasdaq.
The company said the move follows a shift in its shareholder base, with a growing proportion of investors now located in the United States.
Chief executive officer Quinton van Rooyen said at that time Trustco had maintained its listing in Southern Africa for nearly two decades, primarily serving a local shareholder base. However, investor demographics have evolved, and the anticipated Nasdaq listing is expected to better align the company with its current shareholders and support shareholder value.
Trustco said the proposed delisting process would include the appointment of an independent expert to provide an updated fairness opinion in line with JSE Listings Requirements. The company is engaging with the affected exchanges regarding a formal delisting proposal.
Trustco, headquartered in Windhoek, is a diversified holding company with subsidiaries operating in real estate, mining, insurance, microfinance and education. Its ordinary shares are currently listed on the JSE under the symbol TTO and on the NSX under TUC, while its American Depositary Shares trade on OTCQX under the symbol TSCHY.
