Connect with us

Press Release

TRUSTCO APPOINTS INDEPENDENT COMMITTEE TO OVERSEE DELISTING PROCESS

Published

on

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.

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.

Continue Reading

Press Release

Flags Online Establishes Regional Hubs in Gqeberha and Johannesburg for Faster Flags for Flagpoles Deliver

Published

on

South Africa’s most established flag supplier invests in dual-hub infrastructure to reduce delivery times by 60% for flags for flagpoles nationwide, responding to evolving corporate demand for rapid brand deployment and reflecting broader market maturation in physical brand presence strategies

South Africa, 25th Dec 2025 – Flags Online, South Africa’s most established flag supplier with three decades of industry leadership, today announced the establishment of regional distribution hubs in Gqeberha (Port Elizabeth) and Johannesburg. The strategic infrastructure investment reduces delivery times for flags for flagpoles by an average of 60% across South Africa’s major metropolitan areas, positioning the company to serve the accelerating corporate demand for rapid brand deployment solutions.

The dual-hub model represents an infrastructure investment encompassing expanded warehouse facilities, enhanced inventory management systems, and dedicated logistics partnerships with national courier networks. The Gqeberha (Port Elizabeth) hub serves as the company’s manufacturing and primary distribution center for the Eastern Cape, Western Cape, and Southern regions, while the Johannesburg hub provides rapid fulfillment for Gauteng, KwaZulu-Natal, and Northern provinces. This geographic distribution enables nationwide delivery, with delivery to major cities within 3 business days for popular flags and 7-10 working days for custom printed flags.

The infrastructure expansion responds to documented evolution in how South African businesses approach physical brand presence. Market analysis indicates that corporate investment in flag poles and professional flag installations has increased since 2020, driven by recognition that tangible brand markers provide enduring value in an increasingly digital marketplace. Businesses now view professional flag installations not as decorative elements but as strategic brand assets that establish physical presence, create customer landmarks, and demonstrate corporate permanence. This market maturation has created demand for suppliers capable of delivering complete flag solutions with the speed and reliability that modern corporate brand programs require.
 

“The South African market has evolved significantly in its understanding of physical brand presence,” noted Shaun Olivier, National Sales Manager at Flags Online. “Corporate clients now recognize that professional flag pole installations are strategic investments in brand visibility, not optional extras. This evolution demands suppliers who can match the sophistication of modern brand programs with infrastructure that delivers speed, consistency, and reliability. Our regional hub model reflects this market maturity, providing the rapid deployment capabilities that contemporary corporate branding requires while maintaining the quality standards we’ve built over 30 years.”

The regional hub infrastructure enables Flags Online to serve diverse corporate requirements ranging from single-location installations to coordinated multi-site brand rollouts across dozens of locations. The Johannesburg hub maintains on-hand inventory for flag and flag pole units including the ability to custom manufacture all country flags, custom corporate flags, and professional aluminum flag poles from 2.5m to 11.5m. The Gqeberha facility combines manufacturing capabilities with distribution operations, ensuring rapid production of custom flags while maintaining comprehensive inventory of standard products. This dual-capability model provides flexibility that single-location suppliers cannot match, offering both off-the-shelf efficiency and customization responsiveness.

The establishment of regional hubs positions Flags Online to capitalize on projected growth in corporate flag programs as South African businesses increasingly prioritize physical brand presence. Industry forecasts indicate that the corporate flag and banner market will expand 28% annually through 2027, driven by new business formations, corporate rebranding initiatives, and growing recognition of cost-effective brand visibility solutions. Flags Online’s infrastructure investment ensures the company maintains market leadership while serving this expanding segment with the speed and service quality that modern corporate clients expect.

About Flags Online: 

Established in 1995, Flags Online is South Africa’s premier flag supplier with three decades of industry leadership, serving corporate clients, government institutions, and individuals nationwide. The company operates regional distribution hubs in Gqeberha (Port Elizabeth) and Johannesburg, providing comprehensive flag solutions including country flags, custom corporate flags, professional flag poles, and nationwide rapid delivery. For more information, visit flagsonline.co.za.

Media Contact

Organization: Flags Online

Contact Person: Shaun Olivier

Website: https://flagsonline.co.za/

Email: Send Email

Contact Number: +27788316342

Country:South Africa

Release id:39513

The post Flags Online Establishes Regional Hubs in Gqeberha and Johannesburg for Faster Flags for Flagpoles Deliver appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

file

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.

Continue Reading

Press Release

Thrive Financial Academy Highlights Learner Development Through Structured Education Frameworks

Published

on

Student experiences reflect progress in discipline, understanding, and long-term learning approach

Denver, Colorado, United States, 25th Dec 2025 – Thrive Financial Academy has shared a collection of learner experiences that highlight how its structured education framework supports skill development, discipline, and a more informed approach to financial learning.

According to the Academy, these accounts are not presented as performance outcomes, but as reflections of how participants engage with structured educational processes. Learners describe improvements in understanding core financial concepts, developing clearer decision-making frameworks, and adopting more disciplined learning habits over time.

The Academy emphasizes that its programs are designed to focus on methodology rather than results. Educational content centers on building foundational knowledge, reinforcing process-oriented thinking, and helping learners recognize the limitations and responsibilities inherent in financial decision-making.

Several participants noted that the structured nature of the curriculum helped them better assess information, manage expectations, and reduce emotionally driven reactions when engaging with financial topics. Thrive Financial Academy states that such feedback is indicative of educational progress rather than financial achievement.

Thrive Financial Academy reiterates that its programs do not provide investment advice, income projections, or performance guarantees. Instead, the Academy positions its role as providing learning frameworks that support long-term understanding and responsible engagement with financial markets.

By documenting learner experiences within clearly defined boundaries, Thrive Financial Academy aims to demonstrate how structured education can contribute to clearer thinking, greater self-awareness, and sustained skill development over time.

A spokesperson for Thrive Financial Academy stated: “The Academy is not just a school; it is an accelerator of life and a professional starting point. The authoritative guidance, cutting-edge technology platform, and ‘results-oriented’ educational philosophy they provide empowered our clients to seize opportunities, reshape their careers, and achieve the financial independence and control they never dared to dream of.”

About Thrive Financial / TLN Exchange

Thrive Financial is dedicated to empowering individuals to achieve financial independence through its integrated ecosystem. The ecosystem includes: Thrive Financial Academy, a leading educational institution offering practical Expert Training and structured Thrive Financial Academy Programs; and TLN Exchange, an efficient and secure financial trading platform based on TLN Exchange Trusted Services and TLN VAULT Security Features. The company upholds Thrive Financial Integrity and transparency, committed to delivering Thrive Financial Verified Results, and creating a positive Thrive Financial Real-World Impact globally.

Media Contact

Organization: Thrive Financial

Contact Person: Henry Jo

Website: http://thrivefin.ai

Email: Send Email

Contact Number: +447593023364

City: Denver

State: colorado

Country:United States

Release id:39212

Disclaimer: This content is provided for informational and educational purposes only and does not constitute financial, investment, legal, or professional advice. Any forward-looking statements are subject to change and do not guarantee future outcomes; readers should exercise independent judgment and consult qualified professionals where appropriate.

The post Thrive Financial Academy Highlights Learner Development Through Structured Education Frameworks appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

file

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.

Continue Reading

Press Release

TLN Exchange Strengthens Its Technology and Security Framework to Support Reliable Trading Operations

Published

on

A focus on execution efficiency, system resilience, and structured asset protection measures

Denver, Colorado, United States, 25th Dec 2025 – TLN Exchange has outlined ongoing enhancements to its trading infrastructure, highlighting a continued focus on execution efficiency, system stability, and structured asset protection measures. The exchange emphasizes that its technology framework is designed to support consistent trading operations under varying market conditions, rather than to promote performance guarantees.

According to TLN Exchange, recent system upgrades prioritize low-latency order processing, robust matching engine performance, and infrastructure resilience. These efforts are intended to reduce operational friction and improve execution consistency, particularly during periods of heightened market activity.

In parallel, TLN Exchange has continued to refine its asset protection and custody-related controls. The platform operates within a defined security framework that includes access management protocols, internal monitoring systems, and layered safeguards designed to mitigate operational and security risks. TLN Exchange notes that these measures are part of an ongoing risk management process rather than a static solution.

The exchange also highlights the importance of transparency in system design. Technical performance metrics, operational procedures, and security practices are documented and subject to regular internal review. This approach is intended to reinforce accountability and ensure that platform operations remain aligned with industry expectations and regulatory considerations.

TLN Exchange stated that its development efforts reflect a broader commitment to building a dependable trading environment grounded in technical discipline and operational clarity. By focusing on infrastructure reliability and risk-aware system design, the exchange seeks to support market participants who value consistency, transparency, and long-term platform stability.

One of the Managing Partners of TLN Exchange, stated: “Our new enhancements are not just fast; it is ‘reliably fast’ and ‘securely efficient.’ Speed, security, and compliance are our tripartite core value commitment to our clients. We believe that only a transparent, efficient, and strictly regulated technology platform can truly deliver long-term, stable Verified Results to global users and lead the direction of next-generation trading infrastructure.”

 

About Thrive Financial / TLN Exchange

Thrive Financial is dedicated to empowering individuals to achieve financial independence through its integrated ecosystem. The ecosystem includes: Thrive Financial Academy, a leading educational institution offering practical Expert Training and structured Thrive Financial Academy Programs; and TLN Exchange, an efficient and secure financial trading platform based on TLN Exchange Trusted Services and TLN VAULT Security Features. The company upholds Thrive Financial Integrity and transparency, committed to delivering Thrive Financial Verified Results, and creating a positive Thrive Financial Real-World Impact globally.

Media Contact

Organization: Thrive Financial

Contact Person: Henry Jo

Website: http://thrivefin.ai

Email: Send Email

Contact Number: +447593023364

City: Denver

State: colorado

Country:United States

Release id:39210

Disclaimer: This content is provided for informational and educational purposes only and does not constitute financial, investment, legal, or professional advice. Any forward-looking statements are subject to change and do not guarantee future outcomes; readers should exercise independent judgment and consult qualified professionals where appropriate.

The post TLN Exchange Strengthens Its Technology and Security Framework to Support Reliable Trading Operations appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

file

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.

Continue Reading

LATEST POST