STADIO HOLDINGS LIMITED - Continuation Of Learning Experience At The Stadio Group

Continuation Of Learning Experience At The Stadio Group

STADIO HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2016/371398/06
Share code: SDO
ISIN: ZAE000248662
LEI: 3789007C8FB26515D966
(“STADIO” or “the Company” or “the Group”)

CONTINUATION OF LEARNING EXPERIENCE AT THE STADIO GROUP

Following the directive issued by the Minister of Higher Education, regarding the COVID-19
pandemic, all academic campuses across the STADIO Group were closed from 18 March
2020 and will continue to be closed until the end of the mandatory lockdown period.

However, acknowledging the need to ensure that students continue to receive a seamless
learning experience, the Group has implemented various strategies to ensure that teaching
and learning in the academic programmes are not compromised during the period of the
lockdown. Currently more than 80% of the Group’s students’ study by means of the off
campus (distance learning) mode of delivery and are thus not materially affected by the lock-
down. The Group currently offers over 38 registered qualifications, through its Embury,
Milpark and Southern Business School brands in this form of educational delivery.

For the Group’s on-campus students we have introduced various solutions to ensure that
students continue to receive their tuition, including the necessary learner support
commitments using technology and other alternate approaches.

Through our various brands viz, AFDA, Embury, LISOF, Prestige Academy, Milpark
Education and Southern Business School, we are thus able to continue offering our learning
programmes to existing, as well as prospective students, over the lockdown period.
Furthermore, the Group, through its brands, offers a wide range of online short learning
programmes that may also be of interest to existing and prospective students over this period.

The Group has minimal debt and healthy cash resources and is continually reviewing and
developing innovative solutions to manage the needs and well-being of our students and staff
over this period as well as positioning the business for growth.

Durbanville
26 March 2020

Sponsor
PSG Capital

Date: 26-03-2020 04:55:00
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