STADIO HOLDINGS LIMITED - Successful Business Transfer To One STADIO Brand

Successful Business Transfer To One STADIO Brand

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

SUCCESSFUL BUSINESS TRANSFER TO ONE STADIO BRAND

The Board of Directors is pleased to announce that, in accordance with previous
communications to the market, the underlying businesses of SBS (Southern Business School
Proprietary Limited), LISOF (LISOF Proprietary Limited) and Prestige Academy (Prestige
Academy Proprietary Limited) will be transferred into a single registered higher education
institution namely, STADIO Proprietary Limited (STADIO) (formerly Embury Institute of Higher
Education Proprietary Limited) with effect from 1 November 2020 (“Business Transfer”),
following the approval for the Business Transfer granted by the Department of Higher
Education (DHET) on 26 October 2020.

The Business Transfer is a strategic milestone that will allow the STADIO Group to benefit
from the marketing, operating and regulatory efficiencies that will be realised through operating
under a single brand, STADIO. For further information, please refer to www.stadio.ac.za.

Following the Business Transfer, the STADIO Group owns and operates three registered
higher education institutions, namely STADIO, Milpark (Milpark Education (Pty) Ltd) and
AFDA (South African School of Motion Picture Medium and Live Performance (Pty) Ltd).


Durbanville
27 October 2020

Sponsor
PSG Capital

Independent joint sponsor
UBS South Africa

Date: 27-10-2020 12:00:00
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