Trencor announces voluntary winding-up, delisting, and special dividend

Trencor Limited (JSE:TRE) has announced plans for a voluntary winding-up of the company and subsequent delisting from the Johannesburg Stock Exchange (JSE), subject to shareholder approval at a General Meeting on June 30, 2025. A circular containing details of the proposed delisting and winding-up has been distributed to shareholders as of today, May 29, 2025. In anticipation of the voluntary winding-up, Trencor's board has declared a special dividend of 90 cents per share, totaling ZAR156,181,208.40, contingent upon certain distribution conditions being met and South African Reserve Bank approval. The last day to trade Trencor shares to be eligible for the special dividend is July 15, 2025, with trading suspension expected on July 16, 2025. The delisting will be effective from the commencement of business on July 22, 2025, and the company will be placed into liquidation on July 23, 2025, or as soon as reasonably possible thereafter.