Press Release
TRUSTCO GROUP HOLDINGS PLANS TO MAKE HISTORY AS FIRST NAMIBIAN COMPANY TO BE LISTED ON NASDAQ
Trustco Group Holdings Limited (JSE: TTO; NSX: TUC; OTCQX: TSCHY), announced that it has submitted an application on 11 November 2024 to list its ordinary shares on the Nasdaq Stock Market (“Nasdaq”) under the ticker “TRCO.” Trustco submitted the application in connection with the proposed direct listing of its ordinary shares on Nasdaq in addition to its current listings on the Namibian Stock Exchange (“NSX”) and the Johannesburg Stock Exchange (“JSE”).
Trustco expects to make history as the first Namibian company to be listed on Nasdaq, marking Namibia as the 46th country represented on Nasdaq. Trustco expects that its planned Nasdaq listing will offer greater exposure to U.S. capital markets, which represents more than half of the world’s global equity market capitalization, while maintaining secondary JSE and NSX listings.
Approximately 35% of Trustco’s shareholder base is already comprised of U.S. investors. Existing shareholders on the JSE (exceeding 2,100) and NSX (exceeding 2,200) will maintain their status as these become secondary listings. The Nasdaq listing is expected to increase the liquidity and improve price discovery of Trustco’s securities. For shareholders interested in transferring holdings to Nasdaq, support is available through the dedicated shareholder services desk at +264 61 275 4820/4821 or shares@tgh.na.
Trustco CEO Dr. Quinton van Rooyen with Nasdaq Senior Managing Director Andrew Hall and U.S. team members at Nasdaq Market Site in Times Square
“When we embarked on our journey more than three decades ago in Windhoek, Namibia, we had a mission to support the growth and prosperity of our young nation,” commented Dr. Quinton van Rooyen, CEO of Trustco. “As we prepare to list on Nasdaq, we carry with us not just our company’s ambitions, but the aspirations of our country to become an economic powerhouse on the African continent, committed to the ideals of constitutional democracy, as well as free and fair markets. ”
“As a conduit for investors seeking exposure to high-quality African assets, we believe the addition of a primary Nasdaq listing will not only help drive wealth creation for shareholders but also allow us to capitalize on new opportunities while contributing to the continent’s overall economic development. In October 2024, the Nasdaq was the largest stock exchange worldwide by value of electronic order book share trading,” concluded Dr. van Rooyen.
Shareholders will be updated on the progress of the planned Nasdaq listing, including filings with the U.S. Securities and Exchange Commission (“SEC”) and, if and when available, the anticipated date of listing. In terms of the current listing requirements under the JSE, an affirmative shareholder vote of 50% plus one vote, excluding the controlling shareholder, is required to approve the planned listing on Nasdaq, and a circular will be submitted to shareholders to request approval for the changing of Trustco’s ordinary shares primary listing from the JSE to Nasdaq.
Trustco CEO Dr. Quinton van Rooyen with Nasdaq Senior Managing Director Andrew Hall and U.S. team members at Nasdaq Market Site in Times Square
Cautionary Statements
There can be no assurance that Trustco will be able to obtain shareholder approval for the planned Nasdaq listing. Trustco’s listing on Nasdaq is also subject to the approval of Nasdaq and the satisfaction of its applicable listing requirements. While Trustco is not currently aware of any issues, there can be no assurance that Trustco will satisfy all applicable requirements for listing on Nasdaq or that its application to list on Nasdaq will be approved. In connection with the planned listing of the ordinary shares, Trustco plans to terminate its ADR program in accordance with its terms.
Trustco expects to file a registration statement in the U.S. relating to the proposed Nasdaq direct listing with the U.S. Securities and Exchange Commission (“SEC”) following formal notification to the JSE and NSX. Trustco’s securities may not be sold nor may offers to buy be accepted prior to the time the registration statement to be filed becomes effective, except for Trustco’s securities traded in the JSE, NSX and OTCQX. When available, a written prospectus for the offering meeting the requirements of section 10 of the U.S. Securities Act of 1933, as amended (the “Act”), may be obtained from Trustco by contacting shares@tgh.na.
This media release is being made pursuant to, and in accordance with, Rule 135 under the Act, and shall not constitute an offer to sell or the solicitation to of an offer to buy Trustco’s securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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.”
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, including statements regarding Trustco’s plans to list on Nasdaq, Trustco’s ability to satisfy applicable Nasdaq listing requirements, Trustco’s ability to obtain shareholder approval to proceed with its Nasdaq listing, Trustco’s ability to file and have declared effective a registration statement with the SEC related to its proposed Nasdaq listing, and the anticipated results of such registration and listing, 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: 12112419849
The post TRUSTCO GROUP HOLDINGS PLANS TO MAKE HISTORY AS FIRST NAMIBIAN COMPANY TO BE LISTED ON NASDAQ appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Press Release
The Alfresco Factory Partners with JJ’s Firewood Supplies for Exclusive Perth Discount
Australia, 20th Dec 2024, – The Alfresco Factory, a Neerabup-based manufacturer of wood-fired pizza ovens, has announced a partnership with JJ’s Firewood Supplies, a trusted supplier of responsibly sourced firewood. The collaboration introduces an exclusive 10% discount for all Alfresco Factory customers, new and existing, on their first order of firewood from JJ’s Firewood Supplies. This initiative aims to provide a more accessible and convenient outdoor cooking experience for residents in Perth.
The partnership between The Alfresco Factory and JJ’s Firewood Supplies reflects a shared commitment to delivering practical solutions for outdoor cooking enthusiasts. The exclusive discount allows customers to combine high-quality wood-fired ovens with premium firewood to achieve an optimal cooking setup.
“This collaboration represents a shared dedication to supporting local communities and simplifying the process of enjoying outdoor cooking,” stated Jonelle Lowe, Owner of The Alfresco Factory. “By working together, both companies aim to provide customers with seamless access to essential tools and resources, enhancing their overall experience.”
Both companies are deeply rooted in the Perth region, with a strong focus on supporting local economies and businesses. The Alfresco Factory, known for its precision craftsmanship, and JJ’s Firewood Supplies, recognised for its ethically sourced and high-performance firewood, bring complementary expertise to this partnership.
The initiative underscores the value of collaboration between local businesses in delivering enhanced benefits to the community. By integrating efforts, the companies aim to foster stronger relationships with their customer base and reinforce the importance of sourcing materials and products from trusted local suppliers.
In addition to supporting local economies, the partnership prioritises environmentally responsible practices. JJ’s Firewood Supplies emphasises sustainable harvesting and preparation methods, ensuring the availability of firewood that meets both ecological and functional standards.
The Alfresco Factory’s wood-fired ovens, designed with efficiency and durability in mind, align with this commitment to sustainability. Together, the businesses aim to encourage the adoption of eco-conscious outdoor cooking practices within the community.
The partnership serves as a foundation for broader initiatives aimed at promoting innovation and sustainability in the outdoor cooking industry. Plans include exploring new ways to reduce waste, improve packaging, and expand access to eco-friendly cooking solutions.
“This partnership marks the beginning of a collaborative journey focused on delivering value to customers while emphasising sustainability,” added Lowe. “Future efforts will continue to build on this foundation, ensuring long-term benefits for the community and the environment.”
Additional information about the partnership and firewood supplies Perth, inquiries can be directed to The Alfresco Factory’s office at Unit 1/18 Greenwich Parade, Neerabup, WA 6031, or by phone at +61 894048817.
Media Contact
Organization: The Alfresco Factory
Contact
Person: Jonelle Lowe
Website:
https://thealfrescofactory.com.au/
Email:
chat@thealfrescofactory.com.au
Contact Number: 61894048817
Address:Unit 1/18 Greenwich Parade
Address 2: Neerabup, WA 6031
Country:Australia
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Press Release
Totalcare Dental and Dermal Provides Advanced Invisalign Teeth Services in Bondi Junction
Australia, 20th Dec 2024, – Totalcare Dental and Dermal has announced the addition of advanced Invisalign treatments to its range of services. This development is aimed at providing residents of Bondi Junction and surrounding areas with modern, non-invasive solutions for achieving straighter teeth and improved oral health.
Located in Bondi Junction, Totalcare Dental and Dermal now offers Invisalign treatments, further enhancing its range of dental services. The addition of Invisalign services demonstrates the clinic’s focus on incorporating modern orthodontic solutions into its practice.
Invisalign offers an alternative to traditional braces, utilising clear aligners to gradually shift teeth into alignment. The treatment involves using a series of clear, custom-made aligners that gradually shift teeth into their desired position. Unlike conventional braces, Invisalign offers a virtually invisible appearance and can be removed for eating and oral hygiene, making it a convenient choice for busy lifestyles.
Ishara Goonewardene, Owner of Totalcare Dental and Dermal, commented on the clinic’s latest offering, stating, “Invisalign represents a remarkable step forward in orthodontic care. This innovative approach aligns with the clinic’s philosophy of providing solutions that prioritise both functionality and aesthetics. By offering advanced Invisalign treatments, Totalcare expands access to discreet and effective dental solutions in Bondi Junction.”
The clinic’s Invisalign process involves a thorough assessment and detailed planning to ensure effective and tailored results. Patients undergo a comprehensive assessment, including digital imaging and treatment planning, to ensure optimal results. The team of skilled dental professionals at Totalcare guides patients through every step of the process, from initial consultation to the final stages of treatment. This meticulous attention to detail underscores the clinic’s commitment to delivering patient-focused care.
In addition to Invisalign, Totalcare Dental and Dermal offers a diverse range of dental services, including general dentistry and cosmetic treatments. The clinic also integrates dermal care into its services, providing a holistic approach that enhances both smiles and surrounding features. This unique combination allows patients to achieve a harmonious balance between dental health and facial aesthetics.
Looking ahead, Totalcare Dental and Dermal plans to continue innovating and expanding its service portfolio to address emerging trends in dental and dermal care. Ishara Goonewardene shared insights on the clinic’s future direction, noting, “The field of dental and dermal care is constantly evolving, and we are committed to staying at the forefront of these advancements. By embracing new technologies and approaches, Totalcare plans to maintain its role in supporting patients’ aesthetic and oral health goals.”
Totalcare Dental and Dermal operates from its facility at Shop 3, Ground Level/1 Spring St, Bondi Junction, offering a range of dental and dermal services. The clinic’s commitment to providing comprehensive dental and dermal care has made it a recognised part of the Bondi Junction community.
For more information about Totalcare Dental and Dermal’s advanced Invisalign teeth Bondi or to schedule a consultation, contact the clinic at (02) 9387 3637 or email dentist@totalcaredentistry.com.au.
Media Contact
Organization: Totalcare Dental and Dermal
Contact
Person: Ishara Goonewardene
Website:
https://totalcaredentistry.com.au/
Email:
dentist@totalcaredentistry.com.au
Address:Shop 3, Ground Level/1 Spring St
Address 2: Bondi Junction NSW 2022
Country:Australia
The post Totalcare Dental and Dermal Provides Advanced Invisalign Teeth Services in Bondi Junction appeared first on
Brand News 24.
It is provided by a third-party content
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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.
Press Release
Navigating Life’s Challenges by Luminescence Goh Wins Books for Humanity Global Accolade
Singapore, 21st Dec 2024, – Luminescence Goh’s Navigating Life’s Challenges: Mindful Resilience for Zodiacs has been selected as the Books for Humanity Global’s Book of the Week. This award is given to works that provide fresh perspectives and contribute meaningfully to the human experience.
The book explores the intersection of Chinese astrology and modern psychological practices, offering strategies to build resilience and address life’s challenges. Combining ancient traditions with actionable mindfulness techniques, it presents tools for personal growth and adaptability. This blend of cultural insights and contemporary approaches has resonated with a wide range of readers.
This recognition adds to Goh’s growing list of accolades. His other book, Chronicles of the Enchanted Vanguard: Seraphina and the Divine Mandate, has received honors such as the 2024 Next Generation Indie Book Awards for Best Overall Design (Fiction) Finalist, 2023 BREW Fiction Book Excellence Award Category Winner, and 2023 BREW Fiction Book Excellence Award Difference Maker. His achievements also include being a finalist in the 2023 American Writing Awards for the New Age category and the 2023 Halloween Book Festival, where his work was named runner-up in the Horror/Fantasy category.
About Books for Humanity Global’s Book of the Week Award
Books for Humanity Global’s award highlights works that align with its mission of fostering unity and understanding through literature. This recognition reinforces the impact of the Goh’s book in promoting resilience and mindfulness.
About the Author
Luminescence Goh is an independent author known for exploring themes of resilience and growth. His works, available in English and Traditional Chinese editions, have garnered multiple awards for their design and content.
For more information or to request for book signings, interviews, media appearances, or related matters, contact Luminescence Goh directly via his website.
Media Contact
Organization: Author of Navigating Life’s Challenges: Mindful Resilience for Zodiacs
Contact
Person: Luminescence Goh
Website:
https://luminescence-goh.com/
Email:
luminescencegoh@gmail.com
Country:Singapore
The post Navigating Life’s Challenges by Luminescence Goh Wins Books for Humanity Global Accolade appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 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.
Totalcare Dental and Dermal Provides Advanced Invisalign Teeth Services in Bondi Junction
The Alfresco Factory Partners with JJ’s Firewood Supplies for Exclusive Perth Discount
Navigating Life’s Challenges by Luminescence Goh Wins Books for Humanity Global Accolade
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