To view the PDF file, sign up for a MySharenet subscription.

ASTORIA INVESTMENTS LIMITED - Suspension of trading in Astoria shares

Release Date: 23/03/2020 16:41
Code(s): ARA     PDF:  
Wrap Text
Suspension of trading in Astoria shares

ASTORIA INVESTMENTS LTD
(Incorporated in the Republic of Mauritius)
(Registration number 129785 C1/GBL)
SEM share code: ATIL.N0000
JSE share code: ARA NSX share code: ARO
ISIN: MU0499N00007
(“Astoria” or “the company”)

SUSPENSION OF TRADING IN ASTORIA SHARES

Shareholders are advised that, as RECM & Calibre Limited, through its wholly-owned subsidiary Livingstone
Investments Proprietary Limited, is Astoria’s only shareholder for the time being, Astoria no longer meets the
Listings Requirements of the JSE Limited (“JSE”) as they pertain to having a spread of public shareholders.

Accordingly, trading in Astoria’s shares on the JSE will be suspended until such time as, inter alia, the requisite
spread of public shareholders has been achieved (the “Suspension”).

Shareholders are referred to the announcement released on SENS on 17 March 2020, and using the terms defined
therein, are advised that the salient dates and times in respect of the Suspension will coincide with the timetable
for the Special Dividend, as follows:

                                                                                                              2020
Last day to trade in respect of the Suspension and to receive the Special Dividend               Tuesday, 24 March
Astoria shares trade ex-entitlement to receive the Special Dividend and are
suspended                                                                                      Wednesday, 25 March
Record date to receive the Special Dividend                                                       Friday, 27 March
Special Dividend payment to Astoria shareholder                                                   Monday, 30 March

Share certificates may not be dematerialised or rematerialised between Wednesday, 25 March 2020 and Friday,
27 March 2020 (all days inclusive).

Shareholders are further advised that the Stock Exchange of Mauritius (“SEM”) had granted Astoria a waiver
from Listing Rule 6.22 in relation to the minimum number of 200 shareholders and 25% in public hands
respectively pursuant to Listing Rule 18.6 (b) due to Astoria being a Global Business Company.

Accordingly, trading in Astoria’s shares on the SEM will continue in the normal course.

Astoria’s intention is to retain its primary listing on the SEM and the Alternative Exchange of the JSE with an
objective of building a portfolio of investments that create long-term value for its shareholders.

Further to the aforementioned announcement released on SENS on 17 March 2020, shareholders who hold
Astoria shares on the South African register will receive the Capital Payment in South African Rands (“ZAR”),
converted from USD at an exchange rate of USD1.00 : ZAR15.63749. As such, the Capital Payment equates to
USD0.10016 (ZAR1.56625) per Astoria share. The exchange rate was calculated with reference to the spot rates
over the period which funds were converted, being from 4 March 2020 to 12 March 2020.

Astoria has primary listings on the Stock Exchange of Mauritius and the Alternative Exchange of the JSE.

This announcement is issued pursuant to SEM Listing Rules 11.3 and Rule 5(1) of the Securities (Disclosure
Obligations of Reporting Issuers) Rules 2007. The Board accepts full responsibility for the accuracy of the
information contained in this announcement.

23 March 2020

JSE Designated Advisor and Corporate Advisor to Astoria
Questco Corporate Advisory Proprietary Limited
Questco Proprietary Limited

SEM authorised representative and sponsor to Astoria
GB Capital

Date: 23-03-2020 04:41:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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.

Share This Story