National Trust (Pty) Ltd, established in 1988 as a fully authorized and regulated Financial Services Provider specializing in the management of private client share portfolios on the Johannesburg Stock Exchange, hereby publicly makes known the following Notice of Intent;
National Trust (Pty) Ltd will be changed to a Limited company and will apply for a Johannesburg Stock Exchange listing on the following premise;
The share capital of National Trust will be increased to 120 million shares, of which 50 million free shares will be allocated to clients of National Trust at the time of listing.
Share allocations to clients will be calculated based on the value of each client’s portfolio at a specific point in time. Valuations and calculations will be made at the point in time when the total of client funds under administration reaches R500 million.
Each client will receive a maximum of 10% of the Rand value of their portfolios in free and unencumbered National Trust Limited shares.
Approved by the Board of Directors of National Trust (Pty) Ltd on 18 May 2009.