Trustco announces share buyback programme

Martin Endjala Trustco Group Limited (Trustco) has announced the establishment of a share repurchase program to be executed during its closed period which commenced on 1 September 2023, under the buyback programme, Trustco or a subsidiary may repurchase up to N$197 million shares directly or N$98 million shares via a subsidiary, subject to Johannesburg Stock Exchange (JSE) listings requirements. The Deputy Chief Executive Officer of Trustco Group Holding Quinton Van Rooyen said the group is constantly exploring strategies to boost shareholder value and has observed significant fluctuations in their share price, from a high 1600 cents per share in January…