Press Release
TRUSTCO APPOINTS INDEPENDENT COMMITTEE TO OVERSEE DELISTING PROCESS
Trustco Group Holdings Limited (“Trustco” or “the Company”) announced that its Board of Directors has established an independent committee to manage the proposed delisting from the Johannesburg Stock Exchange (JSE), Namibian Stock Exchange (NSX), and OTCQX Market in the United States. This follows the Company’s earlier announcement evaluating the delisting in preparation for its planned Nasdaq direct listing.
The newly formed committee comprises entirely of independent non-executive directors and is chaired by the Independent Chairperson of the Board, Advocate Raymond Heathcote SC, who will oversee all aspects of the delisting process. This includes coordinating with regulators, ensuring compliance with the JSE Listings Requirements and Namibian Company Law, facilitating shareholder engagement, and overseeing the preparation of a fairness opinion by an appointed independent expert. The JSE accredited Independent Expert has been engaged to conduct the fairness opinion, with the process already commenced.
Quinton van Rooyen, CEO of Trustco Group Holdings
“The appointment of an independent committee underscores Trustco’s commitment to transparency and equitable treatment of all shareholders during this pivotal transition,” said Quinton van Rooyen, CEO of Trustco Group Holdings. “I have full confidence in the Board’s leadership and the expertise of the appointed committee members to execute this process effectively. Their collective experience and diligence will ensure that the delisting process meets the highest standards, addressing all regulatory requirements and safeguarding shareholder interests as we move towards our Nasdaq listing.”
To ensure continuous and effective communication throughout the transition period between delisting and the planned Nasdaq listing, the Company requests all shareholders to update their contact information through the dedicated shareholder contact form at https://www.tgh.na/shareholder-contact-form/. This will enable Trustco to maintain direct communication channels with its shareholder base during the transition.
Regarding the Company’s financial reporting, Trustco also updated shareholders on the progress of the Annual Financial Statements for Fiscal Year 2024. In line with amended Listings Requirements and the ongoing delisting and uplisting processes, a Public Company Accounting Oversight Board Audit (PCAOB audit) for the historical Annual Financial years ended 31 August 2023 and 31 August 2024 is required. Trustco remains incorporated in Namibia and must comply with home country legislation. Accordingly, the company shall complete the Namibian audit for the AFS FY2024. The audit processes are all underway, and shareholders are advised that the AFS FY2024 shall be published as soon as the Namibian audit has been completed and will form part of the delisting process.
A comprehensive formal offer detailing the proposed delisting and the Nasdaq transition timeline will be distributed to shareholders in due course. Shareholders are advised to exercise caution when dealing in the Company’s securities until a full announcement is made. For any questions or further information, shareholders can send an email to the company secretary at komada@tgh.na.
About Trustco:
Trustco Group Holdings Limited is a holding company headquartered in Windhoek, Namibia, that owns subsidiaries engaged in diverse business activities spanning the real estate, mining, insurance, micro-finance, and education sectors.
Trustco’s ordinary shares are listed in the JSE under the symbol “TTO” and in the NSX under the symbol “TUC.” Trustco’s American Depositary Shares are quoted on the OTCQX through its ADR program under the symbol “TSCHY.”
About Namibia:
Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5031 in 2022. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects. The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.
The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.1% in 2024 and 3.9% in 2025, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.
Forward-Looking Statements:
All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
Media Contact
Organization: Trustco Group Holdings
Contact Person: Neville Basson
Website: https://www.tgh.na
Email: Send Email
Contact Number: +264612754501
Address: 2 Keller Street, Trustco House
Address 2: Windhoek
City: Windhoek
State: Khomas
Country: Namibia
Release Id: 04022523302
The post TRUSTCO APPOINTS INDEPENDENT COMMITTEE TO OVERSEE DELISTING PROCESS appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
United States, 1st May 2025, – Actbest has established itself as an online supplier of high-quality e-bikes, committed to transforming eco-friendly commuting into a convenient experience that everyone can enjoy. As a trusted brand in the e-bike industry, Actbest combines a passion for sustainability with a strong commitment to customer satisfaction.
The company’s core philosophy revolves around quality assurance, ensuring that each product delivers exceptional performance while providing customers with excellent value. More than just a means of transportation, Actbest e-bikes are a catalyst for a healthy lifestyle, combining fitness with the joy of powered riding.
Riders First: Explore Product Line and What They’re Saying
Actbest stands out in the competitive e-bike market thanks to its customer-centric philosophy and rich product line. Actbest e-bikes have received rave reviews from many riders and are widely praised for their smooth and safe performance on a variety of terrains. This positive feedback is the result of Actbest’s commitment to enhancing the riding experience, actively listening to customer needs, and improving product design based on this feedback to truly create an ideal travel companion.
“Every ride with Actbest is a safe and enjoyable adventure, designed just for you,” said a company representative. This also reflects the brand’s determination to create ideal travel companions for diverse consumer needs. Whether it is commuter ebike, mountain ebike, fat tire ebike or folding ebike, all Actbest e-bikes put quality and safety first.
Designed, Manufactured, and Tested In-House
One of Actbest’s major competitive advantages is its vertically integrated production model. The company owns and operates its own dedicated factory, where it independently innovates, designs and manufactures high-quality e-bikes. This comprehensive self-production model allows it to have full control over the entire production process, from the initial design concept to the final assembly.
This manufacturing independence allows Actbest to maintain strict quality standards for performance, durability and safety across its entire product line. Actbest continues to push the boundaries of e-mobility innovation and is committed to providing a well-designed and enjoyable riding experience.
Join the Action: Create a Green Future Together
For consumers who pursue a more active and environmentally friendly future, Actbest provides more than just products; it also provides an enhanced lifestyle that combines technological innovation with ecological responsibility.
For more information about Actbest and its range of e-bikes, visit https://actbestbike.com.
Media Contact
Organization: ACTBEST
Contact
Person: Doralin
Website:
https://actbestbike.com/
Email:
doralin@actbest.net
Contact Number: 13396965949
Country:United States
The post Actbest – Revolutionizing Eco-Friendly Mobility with Innovative E-Bikes appeared first on
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About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Cristobal Bull, Nowhere to Hide, The Islander, and What Mommy Doesn’t See Win April BREW Award
Australia, 1st May 2025, –
The Chrysalis BREW Project has announced the winners of the April 2025 BREW Readers’ Choice Award Book of the Month. The titles recognised this month are Cristobal Bull by Chris Corbett, Nowhere to Hide by Jude Austin, The Islander by David W. Berner, and What Mommy Doesn’t See by Karen Ledbetter.
Cristobal Bull by Chris Corbett was noted for its character construction and storytelling approach. The review from The Chrysalis BREW Project stated, “Corbett’s focus on the Bull’s past serves the story’s depth and flow well.” It also noted that the author “presents the Bull as a human being first, with motivations, history, and internal logic.”
Nowhere to Hide by Jude Austin was recognised for its exploration of interspecies dynamics and ethical complexity. The review highlighted, “The best parts of this book highlight what happens when two intelligent life forms attempt to understand each other without the option of walking away.”
David W. Berner’s The Islander was chosen for its portrayal of introspection and change. According to the review, the book is “not a travel story but a story of travelling inward, away from things, people, and situations, and toward clarity.”
Karen Ledbetter’s What Mommy Doesn’t See was recognised for its narrative focus and treatment of sensitive topics. The review noted that “Ledbetter handles sensitive scenes with a deliberate lack of over-dramatisation” and “presents the narrative from the child’s perspective without unnecessary exposition.”
More details about this announcement are on The Chrysalis BREW Project website.
About the Award
The BREW Readers’ Choice Award is a monthly and annual celebration of literature, where readers determine the most beloved books. Book of the Month winners automatically contend for the Reader’s Choice of the Year Awards, which highlight exceptional literary works. To nominate a book or learn more, visit the official page of the BREW Readers’ Choice Award.
Media Contact
Organization: The Chrysalis BREW Project
Contact
Person: The Chrysalis BREW Project
Website:
https://thechrysalisbrewproject.com
Email:
info@thechrysalisbrewproject.com
Country:Australia
The post Cristobal Bull, Nowhere to Hide, The Islander, and What Mommy Doesn’t See Win April BREW Award appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Cristobal Bull, Nowhere to Hide, The Islander, and What Mommy Doesn’t See Win April BREW Award
Australia, 1st May 2025, –
The Chrysalis BREW Project has announced the winners of the April 2025 BREW Readers’ Choice Award Book of the Month. The titles recognised this month are Cristobal Bull by Chris Corbett, Nowhere to Hide by Jude Austin, The Islander by David W. Berner, and What Mommy Doesn’t See by Karen Ledbetter.
Cristobal Bull by Chris Corbett was noted for its character construction and storytelling approach. The review from The Chrysalis BREW Project stated, “Corbett’s focus on the Bull’s past serves the story’s depth and flow well.” It also noted that the author “presents the Bull as a human being first, with motivations, history, and internal logic.”
Nowhere to Hide by Jude Austin was recognised for its exploration of interspecies dynamics and ethical complexity. The review highlighted, “The best parts of this book highlight what happens when two intelligent life forms attempt to understand each other without the option of walking away.”
David W. Berner’s The Islander was chosen for its portrayal of introspection and change. According to the review, the book is “not a travel story but a story of travelling inward, away from things, people, and situations, and toward clarity.”
Karen Ledbetter’s What Mommy Doesn’t See was recognised for its narrative focus and treatment of sensitive topics. The review noted that “Ledbetter handles sensitive scenes with a deliberate lack of over-dramatisation” and “presents the narrative from the child’s perspective without unnecessary exposition.”
More details about this announcement are on The Chrysalis BREW Project website.
About the Award
The BREW Readers’ Choice Award is a monthly and annual celebration of literature, where readers determine the most beloved books. Book of the Month winners automatically contend for the Reader’s Choice of the Year Awards, which highlight exceptional literary works. To nominate a book or learn more, visit the official page of the BREW Readers’ Choice Award.
Media Contact
Organization: The Chrysalis BREW Project
Contact
Person: The Chrysalis BREW Project
Website:
https://thechrysalisbrewproject.com
Email:
info@thechrysalisbrewproject.com
Country:Australia
The post Cristobal Bull, Nowhere to Hide, The Islander, and What Mommy Doesn’t See Win April BREW Award appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Cristobal Bull, Nowhere to Hide, The Islander, and What Mommy Doesn’t See Win April BREW Award
Actbest – Revolutionizing Eco-Friendly Mobility with Innovative E-Bikes
Cristobal Bull, Nowhere to Hide, The Islander, and What Mommy Doesn’t See Win April BREW Award
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