Trustco enters warrant agreement that could raise R2bn
The agreement will also increase the trading volume and liquidity of Trustco shares, allowing it to ‘meet various index liquidity requirements’
27 June 2019 - 14:48
Namibian investment company Trustco, which, earlier in June, raised eyebrows with its financial report, says it has entered into a derivative agreement that could result in a N$2bn (R2bn) capital raise and improved liquidity of its shares.
Trustco said on Thursday that it had entered into a warrant agreement with Evo Fund, which could see the company issue new shares. Warrants give the holder the right, but not the obligation, to buy shares at a certain price within a specific timeframe...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.