KEY TRUSTCO SHAREHOLDER EXTENDS LOAN AGREEMENT, ENHANCING GROWTH OPPORTUNITIES
Windhoek, Khomas, Namibia, 3rd Apr 2024 – Trustco Group Holdings Limited (“Trustco”) is pleased to announce that Next Capital (Pty) Ltd (“Next”), a key shareholder and lender to the Company, has elected to extend the repayment date for a N$1 billion related party loan. The decision comes as Trustco and Next engage in negotiations that could see the loan converted into an equity stake, positioning the Company for enhanced growth opportunities.
Mr Floors Abrahams, Trustco’s Financial Director
“This loan extension from Next is a strong vote of confidence in Trustco’s long-term prospects and growth strategy,” said Floors Abrahams, Trustco’s Financial Director. “We appreciate Next’s collaborative approach and willingness to explore an arrangement that could create significant value for a...