#JustIn: Trustco shares can be traded again
The Johannesburg Stock Exchange (JSE) has lifted the suspension on the trading of Trustco Group Holdings’ shares, effective immediately.The trading of Trustco shares on its secondary markets in Windhoek on the Nambian Stock Exchange (NSX) and New York (OTCQX) has also commenced.
This follows the publication of Trustco's restated audited Annual Financial Statements (AFS) for the period ending 31 August 2022, on 28 February 2023, with the independent auditors issuing an unmodified audit report.
The restated financials, which the JSE assessed before lifting the suspension, includes the reinstatement of a N$1.5 billion loan in favour of Next Capital, the investment vehicle of the Van Rooyen family.
"We are pleased to have our shares reinstated for trading on behalf of all our investors," said Trustco CEO Quinton van Rooyen in a statement.