Competition Tribunal Approves Curro’s Acquisition Of Heronbridge College – Acquisition Unconditional
Competition Tribunal Approves Curro’s Acquisition Of Heronbridge College – Acquisition Unconditional CURRO HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/025801/06) JSE Share Code: COH JSE Debt Code: COHI ISIN: ZAE000156253 (“Curro” or “the Company” or “the group”) COMPETITION TRIBUNAL APPROVES CURRO’S ACQUISITION OF HERONBRIDGE COLLEGE – ACQUISITION UNCONDITIONAL Shareholders are referred to the SENS announcement published on 12 May 2021, notifying the market of Curro’s acquisition of HeronBridge College, subject to relevant regulatory approval. The Company is pleased to announce that the Competition Tribunal has conditionally approved the group’s acquisition of HeronBridge College. The school, which celebrates its 20th birthday this year, provides high-quality, independent education to learners from grade 0000 – grade 12 (IEB) and will form part of Curro’s Select schools’ model. This means that the ethos and identity of the school will remain untouched, although learners and parents could over time see some changes in infrastructure to align with future growth strategies. The acquisition is aligned with Curro’s intention to expand the group’s geographical footprint and to extend its education offering in accordance with its vision of making independent education accessible to all South Africans. The acquisition is now unconditional and will be implemented in due course. Commenting on the approval of the acquisition, Curro Chief Executive Officer, Andries Greyling, notes, “HeronBridge College’s intentional approach to teaching has ensured extraordinary educational achievements for the school over the years and we are delighted to officially welcome this educational stronghold to our stable.” Durbanville 29 September 2021 Transaction Adviser and JSE Equity and Debt Sponsor PSG Capital Independent Joint JSE Equity Sponsor UBS South Africa Date: 29-09-2021 02:00:00 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.