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STADIO HOLDINGS LIMITED - Voluntary Business Update At Annual General Meeting

Release Date: 22/06/2022 09:05
Code(s): SDO     PDF:  
Wrap Text
Voluntary Business Update At Annual General Meeting

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”)


VOLUNTARY BUSINESS UPDATE AT ANNUAL GENERAL MEETING

VOLUNTARY BUSINESS UPDATE

Shareholders are hereby advised that a voluntary business update presentation will be
provided by the Chief Executive Officer of the Company, Mr Chris Vorster, during the annual
general meeting (“AGM”) of the Company that will be held today, 22 June at 10:00, and
conducted entirely by electronic communication.

The presentation relating to the voluntary business update will be available on the STADIO
Group website (www.stadio.co.za) from 10:00. The salient points of the presentation are
outlined below:

1.    An overview of 2021.
2.    An update on the strategy implementation to date.
3.    An overview of the STADIO Group’s growth strategy.
4.    An overview of 2022 semester one (“S1”) student numbers including an 11% increase in
      2022 S1 student numbers for the period to 31 May 2022, the details of which are set out
      below:

    MODE OF              30        30         30        30         30         31       2021
    LEARNING          June      June       June      June       June        May      Growth
    DELIVERY          2017      2018       2019      2020       2021       2022
    Distance         18 997    20 932     22 199    24 784     28 573     32 741        15%
    Learning
    Contact           4 755     5 402      6 081      6 269     5 921      5 673        (4%)
    Learning
    Total            23 752    26 334     28 280    31 053     34 494     38 414        11%
    MADE UP AS
    FOLLOWS:
    % Distance         80%        79%       78%        80%       83%        85%
    Learning
    % Contact          20%        21%       22%        20%       17%        15%
    Learning

 •    Distance learning student numbers showed good growth of 15% from 30 June 2021 to
      31 May 2022.
 •    Contact learning student numbers declined by 4% mainly as a result of the impacts of
      COVID-19 primarily on prior year intakes and the change in the Milpark strategy to move
      away from contact learning and focus only on online distance learning. The South African
      School of Motion Picture Medium and Live Performance Proprietary Limited (“AFDA”)
      student numbers grew by 6% from 30 June 2021 to 31 May 2022 which was very pleasing
      considering their high price-point and the current economic environment.
 •    New student numbers grew by 16%, with good growth on some of our campuses,
      highlighting the effectiveness of the STADIO Group’s growth strategy on these campuses.

AGM

The AGM will be held today at 10:00. You can join the AGM as a guest by clicking on the
following link www.meetnow.global/za and clicking on the STADIO Holdings logo. 30 minutes
before the start of the meeting click on “Join meeting now” and select the “Guest” tab.
Shareholders who registered to attend can select the “Invitation” tab.

The Company looks forward to hosting you.

Durbanville
22 June 2022

Sponsor
PSG Capital

Independent Joint Sponsor
Tamela Holdings

Date: 22-06-2022 09:05:00
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