Chamwe Kaira
Dual-listed local investment group Trustco Group Holdings Limited has advised shareholders to remain cautious when trading its shares as the company’s delisting process continues.
In a further cautionary announcement issued this week, Trustco referred shareholders to earlier announcements on the proposed delisting, including the latest notice published on 7 April 2026.
The company said shareholders should “continue to exercise caution when dealing in the company’s securities until a full delisting announcement is made”.
Trustco is listed on both the Johannesburg Stock Exchange (JSE) and the Namibia Securities Exchange (NSX) under the share codes TTO and TUC.
The announcement was issued on behalf of the board, with DEA-RU acting as the JSE sponsor and Simonis Storm Securities serving as the NSX sponsor in Windhoek.
Trustco first announced in January 2025 that it was considering delisting from its primary listing on the JSE, its secondary listing on the NSX and the OTCQX Market in the United States.
At the time, the company said the process would include appointing an independent expert to provide an updated fairness opinion as required by JSE listing rules.
Trustco also requested the immediate suspension of share trading, saying there were concerns around unequal access to market information.
The company explained that it was undergoing three audits at the same time. These included a PCAOB audit by United States auditors for Nasdaq requirements, as well as South African and Namibian audits.
According to Trustco, the different legal and reporting requirements in each country resulted in varying levels of information being submitted to regulators.
Trustco Group Holdings Limited is a Windhoek-based investment holding company with interests in real estate, mining, insurance, microfinance and education.
