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Astoria - sale of interest in ISA Carstens
Shareholders were referred to the announcement released on SENS and the SEM on 27 January 2025 ("Terms Announcement"), in which they were informed that the Company and its wholly-owned subsidiary, Astoria Treasury and Management (Pty) Ltd. ("ATAM"), concluded an agreement with NetEd Education Holdings SA (Pty) Ltd. ("NetEd"), to sell Astoria's 49% shareholding in ISA Carstens Holdings SA (Pty) Ltd. ("ISA"), for R66.8 million and ATAM's loan to ISA for its face value of R4.2 million, payable in cash ("the Transaction").
Shareholders were advised that all conditions precedent have been met and that the Transaction concluded on Friday, 13 June 2025. There was no adjustment to the purchase consideration and the respective amounts, as set out in the Terms Announcement, were received on the same day.
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