Africa-Press – Namibia. Trustco Group Holdings Limited has suspended further implementation of its Legal Shield Holdings sale and conversion agreement after its board conducted a regulatory alignment review.
In a notice to shareholders dated 17 December 2025, the Namibia-incorporated company said the transaction, approved by shareholders on 7 January 2025, was structured on the basis that it would not result in a change of control.
The board said it undertook a regulatory alignment assessment to confirm that the transaction’s implementation remains consistent with the no-change-in-control framework approved by the JSE and disclosed to shareholders.
Following this review, the board resolved to pause further implementation of the transaction, including the issuance of the remaining shares, until the assessment is completed.
Trustco said the decision was taken to ensure continued compliance with the JSE listing requirements and the conditions under which the transaction was approved.
The company said the suspension does not affect the validity of the transaction as approved.
It described the move as a prudent step to keep the implementation aligned with the conditions and assumptions previously disclosed to shareholders.
Trustco said it will issue a further announcement once the regulatory alignment assessment has been finalised. In the interim, shareholders were advised to exercise caution when dealing in the company’s securities.
Trustco’s investment portfolio spans insurance, real estate, microfinance, education and mining, including its Meya Mining investment in Sierra Leone.
The mining investment was established to diversify Trustco’s portfolio into the natural resources sector, with a focus on unlocking the full economic potential of its assets.
The group’s insurance investments provide financial and risk products for individuals and small- to medium-sized enterprises in Namibia.
Its real estate investments focus on sustainable mixed-use developments aimed at meeting demand for serviced land and housing across different income groups.
Trustco’s microfinance operations support education and training, balancing commercial objectives with social investment goals. Its education investments focus on providing accessible learning opportunities for working students and those living in rural areas.
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