Trustco faces fresh boardroom battle
THE battle for control of Trustco Group Holdings is continuing after the company disclosed that it has received a formal demand from a major shareholder seeking the appointment of a new board of directors. In a stock exchange announcement issued this week, Trustco says its board had received a demand in terms of Section 189 […] The post Trustco faces fresh boardroom battle appeared first on The Namibian .
THE battle for control of Trustco Group Holdings is continuing after the company disclosed that it has received a formal demand from a major shareholder seeking the appointment of a new board of directors.
In a stock exchange announcement issued this week, Trustco says its board had received a demand in terms of Section 189 of the Companies Act from Riskowitz Capital Management LLC, requiring directors to convene a shareholders’ meeting to consider appointing a new board.
“The board is considering the content and validity of the demand, and a further announcement will be made in due course,” the company says.
