Trustco Insurance Ltd

Trustco Insurance Ltd

Trustco Insurance Ltd is the flagship company of Trustco Group Holdings and offers quality short and long term insurance products.

Legal Shield covers you and your family against legal costs resulting from Civil, Criminal, Matrimonial, Labour and Administrative matters for up to N$ 300 000 per case. Legal Shield is the Premium Legal Insurance provider in Namibia.

Legal fees too high? we’ll ad-Minister your legal costs for an affordable monthly premium. Contact Legal Shield today and enjoy legal cover.
#Ratherhaveit

Visit www.legalshield.na/build-you-own/ to build a product that will suit your budget.

Informanté Radio

Legal Shield

In these times of having to ensure you are legally protected against legal prosecution, Legal Shield offers you the perfect solution in ensuring you have what it takes to be protected. With an additional add-on in terms of legal protection for your personal business, In formanté Radio speaks to Benedictus Eiseb ( Sales Supervisor) and Evaristus Haininga ( Sales Consultant ) of Legal Shield who tell us more about this special product.

Dream big! Build that #Business, start the dream today! Make sure your dream is protected against legal costs, allow Legal Shield to give you peace of mind while you focus on the #growth of your #Business. As easy as a couple of clicks and you can have a quote mailed directly to you, visit http://www.legalshield.na/build-your-own/ for more info.

tgh.na

IAR 2019

Our latest financial results:

http://Tgh.na/Iar2019

tgh.na IAR 2019 IAR 2019 TRUSTCO GROUP HOLDINGS VOL1 IAR 2019 INSURANCE & ITS INVESTMENTS VOL2 IAR 2019 BANKING AND FINANCE VOL3 IAR 2019 TRUSTCO RESOURCES VOL04

For an additional fee on your monthly #Legal Shield premium, you can now enjoy additional personal #business cover. Make sure that your supplementary income is protected against legal costs. For easier access and to build a Legal Shield package to suit your lifestyle and budget, visit http://www.legalshield.na/build-your-own/

Legal Shield - Bit off more than you can chew?

Sometimes we forget, it's "Ontbyt nie Oor-byt" but, if you do happen to bite of a little more than you can chew, remember that Legal Shield will cover you against legal costs.

To build a comprehensive package that will meet your needs and budget, visit: www.legalshield.na/build-your-own/

Select your coverage amounts and have a quote directly to you.

#earreplaceble
#Fightclub
#Ratherhaveit
#Legalinsurance
#Nojoke

For a bite-size premium, enjoy legal cover against criminal, civil and various other matters with Legal Shield.

For more information visit www.legalshield.na and have a quote mailed directly to you.

Legal Shield - Rather have it.
#earfull
#Swakop
#ratherhaveit
#Fightclub
#Ironmiketyson
#Tysonvsholyfield

Personal Business Cover offered by Legal Shield, insures your extra income from any business activity is covered against legal costs. Our legal consultants will arm you with the best protection! #Ratherhaveit

To view our various cover options and pricing, visit http://www.legalshield.na/build-your-own/

Legal Shield offers Personal Business Cover, which allows you to cover your secondary source of income against any legal costs. Rest assured that your #Entrepreneurial endevours are covered. #Legalshield #Ratherhaveit

For more information visit: http://legalshield.na/legal

As an #Entrepreneur, you’re always on the go! Make sure you and your supplementary income are covered against legal costs. Legal Shield offers you personal and business assurance, keeping your #legal costs covered!

Contact us today for more info.
#LegalShield
#Ratherhaveit
#GO!

Every #Entrepreneur knows that owning a business requires more than #hardwork and #latenights to succeed. If you have a secondary income stream, make sure its covered against any #legal costs with Legal Shield.

Legal Shield now offers business cover, so your only worry is success, not the legal fees.
#Ratherhaveit
#Legalcover
#Legalinsurance

Legal Shield - Business cover

Legal Shield not only covers you and your family, but now includes personal #Business cover for your #Extra #Income. Get #Legalprotection for you and your business. #Ratherhaveit #LegalShield

SME’s and individual businesses have become vital towards the #growth of our #economy. Make sure your business is covered with Business cover from Legal Shield. Add business cover to your Legal Shield policy for only N$ 69.00 per month. Now you and your business can enjoy #Legal cover.
T's & C's apply.

#Entrepreneur
#Businessowner

5 Lucky shield members will each WIN N$ 10 000 in #CASH prizes! Simply make sure your account is fully paid up before the 31st of May and you’ll automatically be entered into the Draw! – T’s and C’s apply”

A single source of #income is often not sufficient. If you run your own sideline #Business, why not make sure you have Legal cover for you and your #entrepreneurial efforts. Add this cover to your Legal Shield policy for only N$ 69.00 extra per month. #Legalshield #Ratherhaveit.

#Entrepreneur
#Multipleincome
#ProudlyNamibian

Legal Shield now covers your #business against legal expenses. Check which cover is right for you and your business. Visit: http://legalshield.na/legal/

#Entrepreneur
#Sidehustle
#Businesscover

Trustco Insurance Ltd's cover photo

Celebrating all the #Hardwork and #Dedication given over time, today we can enjoy some time off. Happy #Workersday

Legal Shield - Easter video.

We wish all our members a peaceful and safe #Easter weekend with friends and family.

To all our valued members, please be advised of our office hours for the #Easter weekend.

Quinton van Rooyen

There is little in life that is more humbling than to be flooded by birthday wishes from loyal Trustconians, stakeholders of Trustco and Namibians at large. Every year it inspires and motivates me to try to do more for more Namibians. In these difficult times, the relentless blows from the severe drought and international, political and economic turmoil, spares nobody.

As my clock of life keeps on ticking, I am filled with a sense of urgency to take Trustco to even greater heights. I have the desire to solidify the Trustco brand as Namibia¹s foremost corporate citizen, focused on creating the Namibia that everyone deserves.

A Namibia of equality through wealth creation.

A Namibia that serves as an international symbol of values and best practices.

A Namibia in which all citizens can achieve their very best, live up to their talents and to the ability they were blessed with.

Of course, I am wishing more than that for all those that wished me well. I want to remind you that the difficult times command us to stop and to lift up those that have fallen. Whether in the march towards peace, stability and equality or in one of the many challenges they face daily.

Only together can we achieve the targets we set for ourselves thirty years ago. We committed ourselves to be an independent nation of free people who cherish freedom and duty above everything else. Nothing will give me greater pleasure than to celebrate my next birthday with fellow Namibians who have made great strides in defying adversity through tenacity, with the determination that winners have.

The challenges of 2019 will soon just be a distant memory for all of us in 2020. This year will stand as an affirmation that we, Namibians, people who have withstood much, will always rise higher. We deserve it as a nation!

David Lisulo walked away with N$ 1000.00 for simply playing #Winna Mariba and staying #Paidup. Congratulations to him. To play #Winna Mariba, visit your nearest Trustco office and our friendly staff will walk you through the game.

Informanté

TRUSTCO SHARES SOARS

The Trustco share price jumped with 8, 4% after the Sens announcement that Trustco’s N$1-billion loan program is oversubscribed. The share price took off from N$10,00 per share to N$10, 84 at the close of the markets.

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”)

Dealings by a Director of the Company and conclusion of the Related Party Loan program (NAD 1 Billion loan)
Trustco Shareholders (“Shareholders”) are referred to the Related Party Loan program approved by Shareholders on 22 January 2019 and subsequent SENS announcements regarding director dealings related to the Related Party Loan program.
Shareholders are further advised that the final share placements took place on 29 March 2019, whereby the Related Party Loan program was concluded.

Dealing by Director
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements, the Company discloses the following dealings in securities by an executive director of Trustco:

Name of Director: Dr Quinton van Rooyen
Designation: CEO of Trustco and executive director
Date of transaction: 29 March 2019
Number of Securities: 30 208 333
Price per security (cents): 960 cents
Value of transaction: ZAR 289 999 996.80
Nature of transaction: Off-market sale of shares
Class of Security: Ordinary shares
Nature of interest: Direct beneficial
Clearance obtained: Yes

Name of Director: Dr Quinton van Rooyen
Designation: CEO of Trustco and executive director
Date of transaction: 29 March 2019
Number of Securities: 30 208 333
Price per security (cents): 960 cents
Value of transaction: ZAR 289 999 996.80
Nature of transaction: Off-market sale of shares
Class of Security: Ordinary shares
Nature of interest: Direct beneficial
Clearance obtained: Yes

Name of Director: Dr Quinton van Rooyen
Designation: CEO of Trustco and executive director
Date of transaction: 29 March 2019
Number of Securities: 25 000 000
Price per security (cents): 1600 cents
Value of transaction: ZAR 400 000 000
Nature of transaction: Off-market sale of shares
Class of Security: Ordinary shares
Nature of interest: Direct beneficial
Clearance obtained: Yes

The board discloses the following details regarding the Related Party Loan program, which has now been concluded.
1. The Related Party Loan program is oversubscribed by NAD 269 641 529, 45. The oversubscribed portion will be provided as a loan on normal commercial terms and used in the ordinary course of business for the benefit of the Group. The Related Party Loan program which is subject to a convertible option will be limited to NAD 1 billion.
2. No dilution for existing Shareholders occurred.
3. The weighted average price per share of the “off-market” trades relating to the Related Party Loan program are 1147 cents per TTO shares.

Amanda Bruyns
Company Secretary: Trustco Group Holdings Limited
Windhoek, Namibia
2 April 2019

JSE Sponsor –
Vunani Corporate Finance

NSX Sponsor –
Simonis Storm Securities Proprietary Limited

Informanté

SENS ANNOUNCEMENT

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”)

AMENDMENT TO AGREEMENT GOVERNING THE ACQUISITION BY TRUSTCO RESOURCES OR ITS ASSOCIATES SUBSIDIARIES OF 51% OF MEYA MINING (MAURITIUS)

1. INTRODUCTION
1.1. Defined terms used but not otherwise defined in this announcement shall have the same meaning as in the announcement released on SENS on 23 August 2016.
1.2. Shareholders are referred to the announcement published on SENS on 23 August 2016 with regards to the acquisition by Trustco, via its wholly owned subsidiary Trustco Resources, of 51% of Meya Mining from Germinate (Trustco Resources and Germinate collectively referred to as the “Parties”)
1.3. Trustco wishes to advise its shareholders that the Parties entered into the first addendum agreement (“First Addendum Agreement”) on Thursday, 28 March 2019 to the sale of shares agreement (“Sale of Shares Agreement”), whereby certain clauses of the Sale of Shares Agreement are to be amended via the First Addendum Agreement as set out below.

2. HURDLE PAYMENT
2.1. The Hurdle Payment, as per the Sale of Shares Agreement, was originally agreed to be settled via a cash payment, of USD 25 million.
2.2. The Hurdle Payment will now, as per the First Addendum Agreement, be settled via a combination of both TTO Shares and cash as follows:
2.3. USD 20 million of the Hurdle Payment shall be settled via the issuance of 30 208 333 TTO shares from Quinton van Rooyen under the Related Party Loan Circular at a fixed price of R9.60 per TTO share; and
2.4. The remaining USD 5 million of the Hurdle Payment shall be settled in cash as follows:

3.4.1 USD 1 million shall be paid within 7 (seven) days after the signed resource statement is received and /or the 25 (twenty-five) year mining license has been issued, whichever events occurs first, into an account designated by Germinate; and
3.4.2 the balance of USD 4 million, shall be payable in equal monthly installments of USD
1 million, 30 days after another, the first being 30 days after the event in paragraph 4.4.1, which said payment shall be made into an account designated by the Germinate.

3. OPTION PRICE
3.1. The option price (“Option Price”), as per the Sale of Shares Agreement, was originally agreed to be settled via a cash payment, of USD 20 million and was originally agreed to be paid within 30 days after execution of the Option, following the granting of the 25-year (twenty-five) Large Scale mining license to Meya Mining.
3.2. The Option Price will now, as per the First Addendum Agreement, be settled via the issuance of 30 208 333 TTO shares from Quinton van Rooyen at a fixed price of R9.60 per TTO share and will be due after execution of the Option, following the granting of the 25-year (twenty-five) Large Scale mining license to Meya Mining.
Windhoek, Namibia
2 April 2019

Amanda Bruyns
Company Secretary: Trustco Group Holdings Limited

JSE Sponsor
Vunani Corporate Finance

NSX Sponsor
Simonis Storm Securities Proprietary Limited

If you are living a life of Sin we will cover your taxes. Now introducing our newest Shield product to the Shield Family.
#SinShield @cheapvices

Celebrating 29 years of Independence

Celebrating 29 years of #peace, #stability and #freedom. we're proud of our great nation and will strive to support our country. #ProudlyNamibian #Happyindependenceday

The Winna Mariba money train keeps rolling with another winner at our Windhoek office. Congrats to Mr. Marthinus Snyders who walked away with N$ 1000.00 just by being a Paid up member. Visit any of our Offices country wide and play #WinnaMariba

Today we celebrate the SHEroes, because where there is a #Woman, there is #magic. Happy International #Womansday to all.

Another lucky winner! Mr. Eixab visited the Trustco Walvis Bay branch and walked away with a cool N$ 500.00. You could be the next lucky winner! #Itpaystobepaidup

Legal Shield bursary event 2019 highlight

Legal Shield recently awarded 3 Legal bursaries to deserving female students. Here is the highlight reel of the handover event for 2019.

Congratulations to Mr. Nqhaamwa Haiduwa Jonas for walking away with N$ 590.00 for simply playing #WinnaMariba and being a paid up member.

Legal Shield ushers in the next generation of Law practitioners by awarding bursaries to 3 deserving students, each to the value of N$ 30 000.00. These students will be assisted financially and be granted access to employment at Legal Shield to gain valuable experience in the legal profession. Pictured here: Head of Claims: Trustco Insurance – Kevin Anderson, Bursary recipients, Bernice Keet, Julia Nampweya, Undjimuna Katjerungu and Head: Trustco Insurance – Annette Brand.

The 3 deserving Legal Shield bursary recipients for 2019 visited our offices today for a radio interview on @MixedFM. Each student will receive N$ 30 000.00 that will financially assist them towards the completion of their Law degrees. Alongside the financial contribution, they will also be given practical experience through employment at Legal Shield.
Bernice Keet, Julia Nampweya and Undjimuna Katjerungu will receive their official #LegalShield bursaries tomorrow night.

The Winna Mariba train is full steam ahead. Walking away with N$ 500.00 in cash is Nathanael Povanhu. He is a proud paid up Shield member. Play #WinnaMariba at any Trustco office country wide. Stay paid up in order to be paid out.

Winna Mariba keeps on giving! Congrats to Mr. Hatutale who won N$ 500.00 Playing Winna Mariba in the Rundu office. #Winning #Fri-YAY!

#Currentsituation @LegalShield Windhoek. The re-launch of the popular Winna Mariba game saw many Shield members visit our offices country wide. Don't miss out on your chance to win up to N$ 250 000.00. #Win big with Winna Mariba.
#Stay Paid Up to get #Paid out. Members can play once every month.

Winna Mariba is BACK!

Don't have any $$$ to spoil your loved one this #Valentine's day? Easy, visit any #Trustco office as from 14 February 2019 to play Winna Mariba and stand a chance to win up to N$250,000.00 in cash. Problem solved.

We also assist with Anti-nuptial agreements. Spoil the one you love with #Winnamariba

PS: In case you did not win we also assist with divorce proceedings.

Want your business to be the top-listed Law Practice in Windhoek?

Click here to claim your Sponsored Listing.

Videos (show all)

Legal Shield - Bit off more than you can chew?
Legal Shield - Business cover
Legal Shield - Easter video.
Celebrating 29 years of Independence
Legal Shield bursary event 2019 highlight
Winna Mariba is BACK!
Heroes' Day Post
Bursary Student
Bursary students

Category

Telephone

Address


Keller Street,
Windhoek
9000

Opening Hours

Monday 08:00 - 16:30
Tuesday 08:00 - 16:30
Wednesday 08:00 - 16:30
Thursday 08:00 - 16:30
Friday 08:00 - 16:30
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