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Audited annual financial results for the year ended 31 December 2023 and notice of AGM short form announcement
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")
AUDITED ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 AND NOTICE
OF ANNUAL GENERAL MEETING SHORT FORM ANNOUNCEMENT
Astoria is a global investment company which aims to generate a high real rate of return on its net asset value
("NAV") per share, measured in US Dollars ("USD"). Astoria has primary listings on the Stock Exchange of
Mauritius ("SEM") and the Alternative Exchange of the JSE Limited ("JSE").
SALIENT POINTS
In ZAR Terms Description In USD Terms
ZAR 14.54 Net asset value per share 79.47 USD cents
(2022: ZAR 14.05) (2022: 82.66 USD cents)
ZAR (32 908 602) (Loss)/profit after tax USD (1 784 293)
(2022: ZAR 182 653 721) (2022: USD 11 169 769)
(58.77) ZAR cents Basic (loss)/earnings per (3.19) USD cents
(2022: 323.76 ZAR cents) share (2022: 19.80 USD cents)
(58.77) ZAR cents Headline (loss)/earnings per (3.19) USD cents
(2022: 323.76 ZAR cents) share (2022: 19.80 USD cents)
Shareholders are advised that the Company's Integrated Annual Report containing, inter alia, the audited
annual financial statements for the year ended 31 December 2023 and the notice of annual general meeting
("Integrated Annual Report"), is available on the Company's website via the following link:
https://astoria.mu/investor-relations/ as well as at the following JSE link:
https://senspdf.jse.co.za/documents/2024/jse/isse/ARAE/2023AFS.pdf
No dividend was declared during the current financial year ended 31 December 2023 (2022: NIL).
AUDITORS' REPORT AND KEY AUDIT MATTER
The Company's external auditor, Ernst & Young Inc. has issued an unqualified audit opinion on the audited
financial statements for the year ended 31 December 2023. The audited annual financial statements and the
auditor's report are available for inspection at the Company's registered office. The auditor's report does not
necessarily report on all the information contained in this announcement. Shareholders are therefore advised
that, in order to obtain a full understanding of the nature of the auditor's engagement, they should obtain a
copy of the auditor's report together with the accompanying financial information from the Company's
registered office.
The auditors' report refers to one key audit matter relating to the fair value estimation of level 3 financial assets
carried at fair value. Further details are available in the full auditor's report and the annual financial statements
contained in the Integrated Annual Report.
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the Annual General Meeting of Astoria will be held at 1st Floor, 18 Cascavelle
Business Park, Riviere Noire Road, Cascavelle 90522, Mauritius at 12:00 Mauritian Time, 10:00 South African
Time on Wednesday, 22 May 2024 for the purpose of:
a. presenting the audited annual financial statements of the Company as well as the statement of directors'
responsibilities, corporate governance report and independent auditors' report for the year ended 31
December 2023; and
b. considering and if deemed fit adopting with or without modification, the shareholder resolutions as set
out in the Integrated Annual Report.
Salient dates and times:
Events 2024
Record date for shareholders to be recorded in the register in order to receive Friday, 22 March
the notice of AGM
Notice of AGM distributed to shareholders on Wednesday, 27 March
Last day to trade in order to be recorded in the register to vote at the AGM Tuesday, 14 May
Record date to be recorded in the register in order to be entitled to vote at the Friday, 17 May
AGM
Last date to lodge forms of proxy for the AGM by 12:00 Mauritian Time (10:00 Monday, 20 May
SA time)*
Annual General Meeting held at 12:00 Mauritian Time (10:00 SA time) Wednesday, 22 May
Results of AGM to be published on SENS and on the SEM website on or Thursday, 23 May
about
* Forms of proxy may be handed to the Chairman before the commencement of the meeting.
SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the board of directors of Astoria and is only a summary
of the information in the Integrated Annual Report and accordingly does not contain full or complete details.
The Integrated Annual Report containing further details was published on 27 March 2024, and can be found
on the Company's website at https://astoria.mu/investor-relations/ as well as at the following JSE link:
https://senspdf.jse.co.za/documents/2024/jse/isse/ARAE/2023AFS.pdf
Any investment decisions by shareholders and/or investors should be based on the Integrated Annual Report
released on SENS and published on the Company's website.
Copies of the Integrated Annual Report are available to the public, free of charge, at the registered office of the
Company, 1st Floor, 18 Cascavelle Business Park, Riviere Noire Road, Cascavelle 90522, Mauritius and can
be requested from info@astoria.mu.
By order of the Board
27 March 2024
JSE Designated Advisor
Questco Corporate Advisory Proprietary Limited
Company Secretary
Clermont Consultants (MU) Limited
Date: 27-03-2024 03:38:00
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The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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