TRUSTCO GROUP HOLDINGS LIMITED - Notice of requisitioned General Meeting

What this filing means

Trustco Group Holdings must hold a General Meeting on 2 December 2026 pursuant to a section 189 requisition under the Namibian Companies Act, convened so that shareholders can vote on removing the majority of incumbent Board Members and appointing newly nominated Board Members. The Board is complying with its procedural obligation to convene the meeting but explicitly reserves all rights on the legality and merits of the requisition, and states the meeting should not be construed as acceptance of any underlying disputes. The specific resolutions are disclosed; the economic and strategic consequences of either outcome are not.

A group of shareholders has formally demanded Trustco call a meeting under section 189 of the Namibian Companies Act, to vote on removing the majority of the current Board and replacing them with newly nominated board members. The company is following the legal steps to hold the meeting but is not agreeing with the reasons behind it — it is keeping all its legal options open. What the filing does not say is what happens to Trustco's business or strategy if the new board takes over, or who nominated the replacement directors.