Trustco to raise N$2.4 billion from shareholders to tap into Namibia’s economic potential – Business Express Skip to content Facebook Twitter LinkedIn Source link
November 18, 2024
Tag: shareholders
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Trustco To Raise NAD 2.4 Billion From Shareholders To Tap Into Namibia’s Economic Potential
Trustco Group Holdings Limited is concluding pivotal transactions with key shareholders that underscore confidence in Namibia’s bright economic prospects and Trustco’s time tested capabilities to channel investment into high-growth areas. First, Trustco and United States fund Riskowitz Value Fund LP (RVF) will enter into an option to make a cash investment of up to NAD...
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Trustco Receives NAD1.4 Billion Capitalization Offer From Founder Shareholders
Trustco Group Holdings has announced a transformative step in its thirty-one-year journey. Its founding shareholders, Dr. Quinton van Rooyen and Next Capital (Pty) Ltd, the investment vehicle of the Van Rooyen family (“Next”), have offered to convert a N$1.4 billion loan into ordinary Trustco shares. The offer entails that Next will have an option to...
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Letshego delivers N$225 million dividend to shareholders – Business Express
A dividend of N$224.5 million (44.89 cents per ordinary share) was paid to the Ordinary Shareholders of Letshego Holdings (Namibia) Limited during the June 2023 period, the Board of Directors of Letshego Holdings (Namibia) Limited has announced in its financial results for the six months ended 30 June 2023. This in an increase from the...
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Stimulus’ dividend payments to shareholders shoot up 777% – Business Express
The Stimulus investments portfolio delivered dividend payments to its preference shareholders totalling N$84.5 million (2022: N$9.6 million) for the financial year ended 28 February 2023, which increased by 777% from 2022, the company’s financial results show. This, in combination with the latest portfolio valuations, represents a total return to preference shareholders of 13.6% (2022: 1.9%)...