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ASTORIA INVESTMENTS LIMITED - Estimated net asset value per share for the 3 and 9 months ended 30 September 2018 and further of cautionary

Release Date: 05/10/2018 14:00
Code(s): ARA     PDF:  
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Estimated net asset value per share for the 3 and 9 months ended 30 September 2018 and further of cautionary

ASTORIA INVESTMENTS LTD
(Incorporated in the Republic of Mauritius)
(Registration number 1297585 C1/GBL)
SEM share code: ATIL.N0000
JSE share code: ARA NSX share code: ARO
ISIN: MU0499N00007
("Astoria" or "the company")


ESTIMATED NET ASSET VALUE PER SHARE FOR THE QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2018 AND 
FURTHER CAUTIONARY ANNOUNCEMENT


Astoria will be releasing its financial results for the quarter and nine months ended 30 September 2018 
on or about 22 October 2018 and the board of directors of Astoria wishes to provide the market with an 
update of the estimated net asset value ("NAV") per Astoria share.

As at 30 September 2018, Astoria’s estimated unaudited NAV per share is USD 1.20 (NAV per share at 
30 June 2018 was USD1.14).

This NAV estimate has not been reviewed or audited by the company's auditors.

Most of Astoria's NAV comprises liquid investments in the form of listed global equities and cash on hand. 
Astoria is investigating opportunities to realise investments considered illiquid, including niche funds 
and private equity investments. Astoria is engaging with major shareholders regarding their support for a 
proposal to effect a capital payment to all shareholders, which would be subject to shareholder approval, 
as a route that would unlock value for shareholders in light of the discount in the Astoria share price 
relative to NAV. Shareholders will be kept updated in this regard and Astoria will publish regular updates 
of unaudited NAV estimates. 

In the meantime, shareholders are reminded that Astoria has advised shareholders to exercise caution in their 
dealings in Astoria securities.

Astoria has primary listings on the Stock Exchange of Mauritius Ltd and the Alternative Exchange of the Johannesburg 
Stock Exchange. In addition, Astoria has a secondary listing on the main board of the Namibian Stock Exhange.

5 October 2018


For further information please contact:

JSE sponsor
Java Capital                                                           +27 11 722 3050


Company secretary
Osiris Corporate Solutions (Mauritius) Limited                         +230 650 4030


NSX sponsor                                                            + 264 61 256 666
Namibia Equity Brokers






This notice is issued pursuant to SEM Listing Rule 11.3. The Board of Astoria Investments Ltd accepts full 
responsibility for the accuracy of the information in this announcement.

Date: 05/10/2018 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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