SHARE DEALINGS BY ASSOCIATES OF A DIRECTOR
In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are hereby notified
of the following dealings in securities by associates of a director:
Name of director: Mr Jan van Niekerk
Name of associate: Maximus Investments CC
Relationship to associate: Mr van Niekerk is a trustee and beneficiary of the Cornel Trust, which owns 100% of the members interest of Maximus Investments
Date of transaction: 13 May 2021
Price of securities: 400 cents
Number and class of securities: 51 500 Ordinary Shares
Total value of securities: R 206 000
Nature and extent of interest: Indirect beneficial
Nature of transaction: Off-market acquisition
VOLUNTARY ANNOUNCEMENT: ASTORIA SELLS ITS INTEREST IN CNA HOLDINGS
In April 2020, Astoria purchased 70% of CNA Holdings (Pty) Ltd (âCNA Holdingsâ), the stationery and gift
retailer. Astoriaâs total investment in CNA Holdings was USD 62 347 (ZAR1.2m) (âthe Investmentâ). This amount
was written off immediately, and the Investment was carried at nil value in Astoriaâs financial statements. No
further equity or debt funding was provided to CNA Holdings.
Astoria has now agreed to sell its 70% shareholding in CNA Holdings to the current management team of CNA
for an amount equivalent to Astoriaâs invested capital. The transaction is not categorised in terms of the JSE
SUMMARISED UNAUDITED RESULTS FOR THE QUARTER ENDED 31 MARCH 2021
Astoria is a Mauritian domiciled global investment company with primary listings of its shares on the Mauritius
Stock Exchange (âSEMâ) and the JSE Limited(âJSEâ). Astoria aims to grow its Net Asset Value (âNAVâ) per share,
measured in US Dollars (âUSDâ or â$â), at a high real rate over time.
These summarised unaudited results for the quarter ended 31 March 2021 (âResultsâ) are reported in USD and
South African Rands (âRâ) pursuant to section 12.18 of the SEM listing rules, which requires Astoria to provide
quarterly reports to its shareholders.
Astoriaâs valuation policy is to perform detailed valuations of unquoted investments for interim results (June
LIFTING OF SUSPENSION
Shareholders are referred to the announcements released on SENS relating to the suspension of trading in Astoria
shares on the JSE Limited (âJSEâ), the latest of which was dated 25 March 2021, and the announcement by RECM
and Calibre Limited (âRACâ) dated 24 March 2021, wherein shareholders were advised of the distribution of
51 150 000 (or 90.1%) of the Astoria shares owned by RAC to RAC shareholders (the âDistributionâ).
Following the completion of the Distribution today, 19 April 2021, the JSE has lifted the suspension of trading in
Astoria shares.
Astoria has primary listings on the Stock Exchange of Mauritius and the Alternative Exchange of the JSE.
ASTORIA INVESTMENT LIMITED – Short Form Announcement – Audited Annual Financial Results for the year ended 31 December 2020 - SENS moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.