Voluntary Announcement: Astoria sells its interest in CNA Holdings
Voluntary Announcement: Astoria sells its interest in CNA Holdings 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”) VOLUNTARY ANNOUNCEMENT: ASTORIA SELLS ITS INTEREST IN CNA HOLDINGS In April 2020, Astoria purchased 70% of CNA Holdings (Pty) Ltd (“CNA Holdings”), the stationery and gift retailer. Astoria’s total investment in CNA Holdings was USD 62 347 (ZAR1.2m) (“the Investment”). This amount was written off immediately, and the Investment was carried at nil value in Astoria’s financial statements. No further equity or debt funding was provided to CNA Holdings. Astoria has now agreed to sell its 70% shareholding in CNA Holdings to the current management team of CNA for an amount equivalent to Astoria’s invested capital. The transaction is not categorised in terms of the JSE Listings Requirements. This notice is issued pursuant to SEM Listing Rules 11.3 and 11.17, 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. By order of the Board Mauritius 13 May 2021 JSE Designated Advisor Questco Corporate Advisory Proprietary Limited Company Secretary Clermont Consultants (MU) Limited Date: 13-05-2021 02:49:00 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.