A simmering shareholder fight at Trustco Group Holdings is heading for a showdown next month after the companys largest minority investor moved to eject the board and founder Quinton van Rooyen.
Riskowitz Value Fund, which holds about 23 of Trustco, says it will convene a general meeting of shareholders on Feb. 16 to vote on a new slate of directors after Trustcos board declined to call the meeting itself. The funds notice followed a requisition dated Nov. 19, 2025, according to a market announcement circulated to investors.
The bid amounts to a full reset in the boardroom. The fund has nominated five candidates: Grant Pattison, Dee Sauls Deckenbrock, Jerome Davis, Sepo Haihambo and Robert Hutchinson Keip. Trustcos current board includes Raymond Heathcote, van Rooyen, Floors Abrahams, Winton Geyser and Janene van den Heever.
