Press Release
TRUSTCO ISSUES SHARES TO INDEPENDENT NON-EXECUTIVE DIRECTORS
Windhoek, Khomas, Namibia, 13th Aug 2024 – Trustco Group Holdings Limited (JSE: TTO; NSX: TUC; OTCQX: TSCHY) is pleased to announce a proposal for ad hoc compensation in lieu of historical Independent Non-Executive Directors (INEDs) compensation during successive years.
The INEDs voluntarily implemented a 20% reduction in their compensation, effective 1 April 2020. The reduction was implemented alongside the Company’s proactive response to the unknown economic ramifications of the COVID-19 pandemic at the time and was part of a comprehensive strategy to bolster the Company’s reserves. The reduced compensation structure remained in effect through 2022, at which point a further organizational restructuring resulted in additional reductions. This revised compensation framework has remained constant to date.
Dr Quinton van Rooyen, CEO of Trustco Group Holdings Limited
In acknowledgment of their ongoing commitment and financial concessions, Trustco proposes a one-time issuance of equity instruments to the INEDs. The proposed share allocation is a total of 9,500,000 ordinary shares and will be issued as follows:
• Adv. Raymond Heathcote SC, Chairperson: 3,000,000 ordinary shares
• Mr. Winton Geyser, Chairperson of the Audit and Risk Committee: 2,000,000 ordinary shares
• Mr. Renier Taljaard, Independent Non-Executive Director: 1,500,000 ordinary shares
• Ms. Janene van den Heever, Independent Non-Executive Director: 1,500,000 ordinary shares
• Mr. Tom Newton, Independent Non-Executive Director: 500,000 ordinary shares
• Mr. Richard Chetwode, Independent Non-Executive Director: 500,000 ordinary shares
• Mr. Stanley Similo, Independent Non-Executive Director: 500,000 ordinary shares.
The issuance price of the equity instruments will be determined based on the 30-day volume-weighted average price (VWAP) and will be executed prior to any potential share consolidation events. The VWAP as of 6 August 2024 was N$0.3695, which is the issuance price of the equity instruments.
Dr Quinton van Rooyen, CEO of Trustco Group Holdings Limited, commented on the proposal: “Our Independent Non-Executive Directors have demonstrated unwavering commitment to Trustco through various market cycles, exemplifying their exceptional professional acumen and conviction in the Company’s long-term strategic objectives. Their proactive decision to reduce compensation during the height of the pandemic underscores their leadership qualities and dedication to stakeholder interests.”
The proposed specific issue of shares requires approval by ordinary resolution, necessitating at least a 75% majority of votes cast in favour at a general meeting. A comprehensive circular detailing the specific share issuance, along with a notice convening the general meeting, will be distributed to shareholders in due course.
About Trustco:
Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, which manages a diverse portfolio of investments spanning the insurance, real estate, commercial banking, micro-finance, education, and mining sectors. Decisions are biased towards generational investment performance alongside shareholder wealth creation, and short-term hurdles are viewed as catalysts for future growth.
Since inception in 1992, Trustco’s investment portfolio has delivered strong returns with a CAGR of 68.97%, with a well-balanced asset mix, with a current average weighting of 34% in US Dollar based assets, while the remaining 66% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets. Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.
About Namibia:
Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects.The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.
The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.
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 upgrade its ADR program and the results of such an upgrade, 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: 13082415654
The post TRUSTCO ISSUES SHARES TO INDEPENDENT NON-EXECUTIVE DIRECTORS 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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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
Campus Eye Center: Comprehensive Eye Care Services Focused on Vision Health and Patient Satisfaction
Campus Eye Center, a leading provider of comprehensive eye care services in Lancaster, PA, is committed to delivering personalized and advanced care for all patients. Specializing in a broad spectrum of eye conditions and treatments, the clinic is dedicated to improving the community’s vision health while focusing on patient satisfaction and the latest advancements in ophthalmology.
With a team of experienced ophthalmologists and optometrists, Campus Eye Center offers a wide range of eye care services, from routine eye exams to more complex treatments like cataract surgery and glaucoma management. Serving the Lancaster community and surrounding areas, the clinic continues to build on its reputation for excellence by providing tailored solutions that meet each patient’s individual needs.
Advanced Eye Care Services
A robust portfolio of eye care services is at the heart of Campus Eye Center’s offerings. The clinic provides care for common and complex eye conditions, focusing on delivering the highest quality of service with cutting-edge technology and innovative treatment options. Some of the core services include:
Comprehensive Eye Exams
Regular eye exams are essential to maintaining good vision health, and Campus Eye Center offers thorough, personalized eye exams for patients of all ages. During these exams, the clinic’s specialists assess overall eye health, check for refractive errors, and identify early signs of eye diseases such as glaucoma, macular degeneration, and cataracts. These comprehensive evaluations guide patients through every step of maintaining optimal vision health.
Cataract Surgery and Treatment
Cataracts, a common cause of vision impairment among older adults, can significantly affect a person’s quality of life. Campus Eye Center specializes in diagnosing and treating cataracts, with options ranging from non-surgical treatments to advanced cataract surgery. Using the latest techniques in cataract surgery, including laser-assisted surgery, the clinic’s ophthalmologists ensure patients experience a smoother recovery and better long-term vision outcomes.
Glaucoma Diagnosis and Management
Glaucoma is a serious eye condition that can lead to vision loss if not diagnosed and treated early. Campus Eye Center provides expert glaucoma care, offering early detection and advanced treatment options to prevent the progression of this condition. The clinic’s experienced specialists work closely with patients to develop individualized treatment plans, including medications, laser treatments, or surgery, to effectively manage and control intraocular pressure.
Dry Eye Management
Dry eye syndrome is a common but often overlooked condition that can cause significant discomfort and affect daily life. Campus Eye Center provides specialized care for individuals suffering from dry eye, offering treatments ranging from over-the-counter eye drops to advanced therapeutic options. By addressing the root causes of dry eye, the clinic helps patients achieve lasting relief from symptoms such as redness, irritation, and blurred vision.
Pediatric Eye Care
Recognizing the importance of early eye care for children, Campus Eye Center offers pediatric eye care services designed to detect and treat vision problems in young patients. The clinic’s pediatric eye exams identify refractive errors, amblyopia (lazy eye), and other common childhood eye conditions. Early detection and treatment of these issues ensure that children enjoy healthy vision as they grow and develop.
Diabetic Eye Care
Patients with diabetes are at increased risk of developing serious eye conditions, including diabetic retinopathy. Campus Eye Center provides specialized care for diabetic patients, offering regular screenings and advanced treatment options to prevent and manage diabetes-related eye complications. The clinic’s comprehensive approach helps protect and preserve the vision of diabetic patients through early intervention and ongoing management.
Cutting-Edge Technology and Patient-Centered Care
Campus Eye Center stands out for its commitment to utilizing the latest technology in eye care. Whether through advanced diagnostic equipment or minimally invasive surgical techniques, the clinic ensures that patients benefit from the most effective and up-to-date treatments available. This dedication to innovation is complemented by a strong emphasis on patient-centered care, with every member of the team focused on delivering personalized attention to meet the specific needs of each individual.
The clinic’s state-of-the-art facility in Lancaster is designed to provide a comfortable and welcoming environment for patients. From the moment a patient walks in, they are greeted by a team that is attentive, compassionate, and dedicated to making their visit as seamless and stress-free as possible.
Community Involvement and Education
Campus Eye Center also believes in giving back to the community and actively participates in educational programs to raise awareness about the importance of eye health. By organizing vision screenings and providing educational resources, the clinic helps community members understand how to protect their eyesight and prevent vision loss.
About Campus Eye Center
Located in Lancaster, PA, Campus Eye Center is a full-service ophthalmology practice dedicated to providing exceptional eye care services to patients of all ages. With a team of experienced professionals and a wide range of advanced treatment options, Campus Eye Center is the go-to destination for anyone seeking top-quality eye care in the region. The clinic’s comprehensive services cover everything from routine eye exams to specialized care for complex eye conditions.
Contact Information
- Campus Eye Center
- 217 Harrisburg Ave, Suite 103
- Lancaster, PA 17603
- Phone: (717)974-9661
- Website: www.campuseyectr.com
Media Contact
Organization: Campus Eye Center
Contact Person: Brenda Barnhart
Website: http://campuseyectr.com/
Email: Send Email
Contact Number: +17179749661
Address: 2108 Harrisburg Pike, Suite 100, Lancaster PA 17601
Country: United States
Release Id: 18102418613
The post Campus Eye Center: Comprehensive Eye Care Services Focused on Vision Health and Patient Satisfaction appeared on King Newswire. It is provided by a third-party content provider. King Newswire 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.
Discover why Bourne Brothers Landscaping is the leading landscaping, lawn care, and tree removal service in Clarksville, TN.
Clarksville, TN – Bourne Brothers Landscaping is proud to announce its rise as the leading provider of top-quality landscaping, lawn care, and tree services in Clarksville, TN. With a reputation built on trust, professionalism, and attention to detail, the company has quickly become the go-to choice for both residential and commercial clients seeking superior outdoor maintenance and beautification services.
Founded by experts with a passion for transforming outdoor spaces, Bourne Brothers Landscaping offers a comprehensive range of services, from landscape design and lawn care to tree trimming and removal. Whether you’re looking to enhance curb appeal, maintain a lush green lawn, or ensure the health of your trees, Bourne Brothers is equipped to meet your needs.
“At Bourne Brothers Landscaping, we are committed to delivering top-notch results that exceed expectations,” said Zebuli Bourne, owner of the company. “We understand that each property is unique, and we take pride in providing personalized solutions that not only improve aesthetics but also add long-term value to our clients’ homes and businesses.”
With the team’s extensive experience and dedication to quality craftmanship and techniques, Bourne Brothers Landscaping has earned rave reviews and repeat business from satisfied clients throughout Clarksville. Their commitment to eco-friendly practices and exceptional customer service sets them apart from the competition.
Services Offered Include:
- Custom Landscape Design
- Lawn Care and Maintenance
- Tree Trimming, Pruning, and Removal
- Mulching, Edging, and Hardscaping
For property owners seeking reliable, efficient, and affordable landscaping solutions, Bourne Brothers Landscaping is the trusted partner they can count on.
To learn more about Bourne Brothers Landscaping or to schedule a free consultation, visit https://www.bournebrotherslandscaping.com/ or call 931-494-0087.
About Bourne Brothers Landscaping: Bourne Brothers Landscaping is a premier landscaping company serving Clarksville, TN, specializing in lawn care, tree services, and landscape design. With a commitment to quality and customer satisfaction, they offer tailored solutions for properties of all sizes.
Media Contact
Organization: Bourne Brothers Landscaping
Contact Person: Zebuli Bourne
Website: https://www.bournebrotherslandscaping.com/
Email: Send Email
Contact Number: +19314940087
Address: 1820 Northwind Dr, Clarksville, TN 37042, United States
City: Clarksville
State: Tennessee
Country: United States
Release Id: 18102418605
The post Meet the Top Landscaping Lawn Care and Tree Service Company in Clarksville TN appeared on King Newswire. It is provided by a third-party content provider. King Newswire 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.
Press Release
Mechanicsburg Chiropractic Clinic Enhances Well-being with Comprehensive Services for Pain Relief and Wellness
Central PA Spinal Health Chiropractic, LLC, led by Dr. Jason Fullmer, proudly offers a wide range of chiropractic services aimed at improving the health and well-being of patients in the Mechanicsburg area. Located at 130 Gettysburg Pike, the clinic focuses on preventive, restorative, and rehabilitative care, providing innovative treatments tailored to individual needs.
Dr. Fullmer is a qualified and highly experienced chiropractor in Mechanicsburg, PA. He and his dedicated team are committed to delivering high-quality chiropractic care that goes beyond just pain management. Their approach emphasizes holistic health, helping patients understand how chiropractic care can contribute to overall wellness, not just symptom relief. At the heart of their services are chiropractic adjustments, spinal decompression, and treatments for chronic conditions such as headaches, scoliosis, knee pain, and back pain. Through these treatments, Central PA Spinal Health Chiropractic, LLC strives to offer a comfortable, gentle, and effective experience that leaves patients feeling better inside and out.
Specialized Chiropractic Treatments
Cold Laser Therapy
As part of the clinic’s commitment to advanced technology, Cold Laser Therapy is offered for pain relief and tissue repair. This non-invasive procedure uses low-level lasers to promote cellular healing and reduce inflammation, making it a popular choice for those seeking an alternative to medication for pain management.
Spinal Decompression
Spinal decompression is a highly effective treatment for individuals suffering from back pain or conditions like herniated discs. Using gentle, targeted pressure, this technique helps relieve pressure on the spine, reducing pain and promoting natural healing. Dr. Fullmer and his team have seen significant success in using spinal decompression to improve patient outcomes.
Scoliosis Treatment
For patients suffering from scoliosis, Central PA Spinal Health Chiropractic offers specialized care to help manage and alleviate symptoms. By addressing spinal misalignments, the clinic supports long-term improvements in posture, mobility, and comfort for scoliosis patients of all ages.
Headache and Migraine Relief
Headaches, particularly migraines, are a common issue treated at the clinic. Chiropractic care can help alleviate headaches by correcting spinal misalignments and reducing tension in the neck and upper back. The team at Central PA Spinal Health Chiropractic takes a patient-centered approach, customizing treatment plans to reduce the frequency and intensity of headaches.
Restorative and Preventative Care
Myofascial Release
In addition to chiropractic adjustments, the clinic offers Myofascial Release, a therapeutic technique that targets tight muscles and fascia to relieve pain and restore mobility. This technique is especially beneficial for patients suffering from chronic pain or stiffness related to injury or overuse.
Pulsed Electromagnetic Field (PEMF) Therapy
PEMF therapy is an innovative treatment offered at Central PA Spinal Health Chiropractic that uses electromagnetic waves to promote cellular repair and reduce pain. This therapy has shown promise in improving circulation, reducing inflammation, and aiding in the recovery of injuries.
Nutritional Counseling
Understanding that health extends beyond physical adjustments, the clinic also offers personalized nutritional protocols. Dr. Fullmer and his team provide guidance on proper diet and supplements to support overall wellness and complement chiropractic care.
Comprehensive Wellness Approach
The team at Central PA Spinal Health Chiropractic believes in a comprehensive wellness approach. This means offering more than just adjustments and pain relief treatments. They work with patients to create long-term health plans that may include therapeutic exercises, postural education, and ongoing wellness evaluations. Their goal is to equip patients with the tools and knowledge they need to live healthier, more active lives.
Therapeutic Exercises
To enhance the effects of chiropractic care, the clinic incorporates therapeutic exercises into treatment plans. These exercises help strengthen muscles, improve flexibility, and prevent future injuries, creating a robust support system for spinal health.
Extremity Adjustments
Beyond the spine, Dr. Fullmer specializes in extremity adjustments, targeting areas like the knees, shoulders, and wrists to address pain and improve joint mobility. This service is particularly beneficial for athletes and individuals with repetitive strain injuries.
A Personalized Patient Experience
Its commitment to personalized care sets Central PA Spinal Health Chiropractic apart. Each patient receives a tailored treatment plan based on their unique needs and health goals. The clinic strongly emphasizes patient education, ensuring that individuals are fully informed about their options and the potential benefits of chiropractic care.
Dr. Fullmer and his team understand that patients are healing partners. By fostering open communication and trust, they create an environment where patients feel empowered to take control of their health.
A Trusted Resource for Chiropractic Care in Mechanicsburg
As a leading chiropractic care provider in Mechanicsburg, Central PA Spinal Health Chiropractic, LLC, is dedicated to delivering results that improve its patients’ physical and emotional well-being. Whether addressing chronic pain, recovering from an injury, or seeking preventative care, patients can expect compassionate, knowledgeable care that puts their needs first.
Contact Information
- Central PA Spinal Health Chiropractic, LLC
- 130 Gettysburg Pike, Mechanicsburg, PA 17055
- Phone: (717) 766-4000
- Website: https://mechanicsburgchiropractor.com
Media Contact
Organization: Central PA Spinal Health Chiropractic, LLC
Contact Person: Dr. Jason Fullmer
Website: https://mechanicsburgchiropractor.com/
Email: Send Email
Contact Number: +17177664000
Address: 130 Gettysburg Pike , Mechanicsburg PA 17055
Country: United States
Release Id: 18102418611
The post Mechanicsburg Chiropractic Clinic Enhances Well-being with Comprehensive Services for Pain Relief and Wellness appeared on King Newswire. It is provided by a third-party content provider. King Newswire 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.
Campus Eye Center: Comprehensive Eye Care Services Focused on Vision Health and Patient Satisfaction
Mechanicsburg Chiropractic Clinic Enhances Well-being with Comprehensive Services for Pain Relief and Wellness
Meet the Top Landscaping Lawn Care and Tree Service Company in Clarksville TN
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