Summarised unaudited results for the quarter ended 30 June 2022 and withdrawal of cautionary
ASTORIA INVESTMENTS LTD
(Incorporated in the Republic of Mauritius)
(Registration number 129785 C1/GBL)
SEM share code: ATIL.N0000
JSE share code: ARA
ISIN: MU0499N00015
(“Astoria” or “the Company”)
SHORT-FORM ANNOUNCEMENT: SUMMARISED UNAUDITED RESULTS FOR THE QUARTER AND SIX MONTHS
ENDED 30 JUNE 2022 AND WITHDRAWAL OF CAUTIONARY
Astoria is a Mauritian domiciled global investment company with primary listings of its shares on the Stock
Exchange of Mauritius (“SEM”) and the Alternative Exchange (“AltX”) of the JSE Limited (“JSE”). Section 12.18
of the SEM listing rules requires Astoria to provide quarterly reports to its shareholders.
Astoria aims to grow its Net Asset Value (“NAV”) per share, measured in US Dollars (“USD” or “$”), at a high real
rate over time. Astoria’s valuation policy is to perform detailed valuations of unlisted investments for interim
results (June) and year end results (December). At all other times, unlisted values are kept unchanged, except
in instances where developments require an immediate and material change in value, which is applied without
delay. Price changes for listed investments and currencies are reflected on an ongoing basis.
Quarter ended Quarter ended Financial year ended
30 June 2022 30 June 2021 31 December 2021
(Unaudited) (Unaudited) (Audited)
Net asset value US$ cents 69.23 61.49 62.22
per share R cents 1 130.70 879.97 992.30
Income US$ 3 294 425 570 144 898 293
R 50 746 795 8 191 380 13 200 616
Earnings per US$ cents (0.84) 15.51 15.61
share R cents (11.72) 225.72 230.66
Headline earnings US$ cents (0.84) 15.51 15.61
per share R cents (11.72) 225.72 230.66
No dividends have been declared or paid for the quarter ended 30 June 2022.
SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the board of directors of Astoria (“Board”) and is only a
summary of the information in the full announcement. It does not contain full or complete details.
The full announcement, including our customary half-year shareholders letter, was published on SENS and the
SEM website on 29 July 2022. Copies of the full announcement accessed using the following JSE link:
https://senspdf.jse.co.za/documents/2022/jse/isse/arae/int2022.pdf
or on the Company’s website www.astoria.mu/publications
SUBSEQUENT EVENTS AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
International Mining and Dredging Holdings (Pty) Ltd (“IMDH SA”)
On Thursday 28 July 2022, Astoria entered into agreements in terms of which it will invest $5.5m for 25.1% of
International Mining and Dredging Holdings (Pty) Limited (“IMDH SA”). Full details of the IMDH SA transaction
are set out in the full results announcement for the quarter and six months ended 30 June 2022.
IMDH SA consists of a group of companies which are actively involved in marine and offshore
mining and exploration. It operates several vessels and associated equipment, which are deployed off the west
coast of South Africa and Namibia and focused on alluvial marine diamond mining. IMDH SA has its own mining
rights and also access to the marine diamond rights owned by Namibian third party entities through existing
agreements. It will further have access to mining rights owned by Trans Hex.
Withdrawal of cautionary
Following the publication of the details in the full results announcement for the quarter and six months ended
30 June 2022, all material terms of the Proposed Transaction have been announced. Accordingly shareholders
are no longer required to exercise caution when dealing in the Company’s securities.
Any investment decisions by shareholders and/or investors should be based on the full announcement released
on SENS and published on the SEM website and published on the Company’s website at
www.astoria.mu/publications.
Copies of the full announcement are available to the public, free of charge, at the registered office of the
Company, 7 Uniciti Office Park, Black River Road, Bambous, Republic of Mauritius or via sending an email to
info@astoria.mu.
By order of the Board
Mauritius – 29 July 2022
NOTES
Copies of this report are available to the public, free of charge, at the registered office of the Company, 7 Uniciti
Office Park, Black River Road, Bambous, Republic of Mauritius or via sending an email to info@astoria.mu.
Copies of the statement of direct or indirect interest of the Senior Officers of the Company pursuant to rule
8(2)(m) of the Securities (Disclosure of Obligations of Reporting Issuers) Rules 2007 are available to the public
upon request to the Company Secretary at the Registered Office of the Company at 7 Uniciti Office Park, Black
River Road, Bambous, Republic of Mauritius.
This announcement is issued pursuant to SEM Listing Rules 12.20 and 12.21 and section 88 of the Securities Act
2005 of Mauritius. The Board accepts full responsibility for the accuracy of the information in this
announcement.
For further information, please contact:
Designated Advisor
Questco Corporate Advisory Proprietary Limited
Company Secretary
Clermont Consultants (MU) Limited
Date: 29-07-2022 11:00:00
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