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ASTORIA INVESTMENT LIMITED – Voluntary Update - 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.
Exclusive Books
CNA s board is accusing its CEO of unilaterally consulting with business rescue practitioners
Benjamin Trisk, who faced financial misconduct allegations during his time at Exclusive Books, denied this, saying it was discussed by the board.
CNA has fallen behind on payments to its landlords and suppliers.
Meanwhile, its biggest shareholder sold its stake to management this week.
After only a year under new ownership, stationery retailer CNA is facing a financial crisis, with its board threatening legal action against its controversial CEO.
The board is accusing Benjamin Trisk of attempting to put the company in business rescue without consulting them.
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.