Wrap Text
Summarised unaudited results for the quarter and nine months ended 30 September 2024 and cautionary 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")
SUMMARISED UNAUDITED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2024 AND
CAUTIONARY ANNOUNCEMENT
Astoria is a Mauritian domiciled global investment company with primary listings of its shares on the Stock
Exchange of Mauritius ("SEM") and the Alternative Exchange ("AltX") of the JSE Limited ("JSE"). Astoria aims to
grow its Net Asset Value ("NAV") per share, measured in US Dollars ("USD" or "$"), at a high real rate over time.
Section 12.18 of the SEM Listing Rules requires Astoria to provide quarterly reports to its shareholders.
Astoria's valuation policy is to perform detailed valuations of unlisted investments for interim results (June) and
year end results (December). At all other times, unlisted values are kept unchanged, except in instances where
developments require an immediate and material change in value, which is applied without delay. Price changes
for listed investments and currencies are reflected on an ongoing basis.
Unaudited Audited Unaudited Unaudited Audited Unaudited
30 31 30 30 31 30
September December September September December September
2023 2023 2024 2024 2023 2023
1 407.67 1 454.38 1 401.08 ZAR Net asset value US$ 81.13 79.47 74.43
cents per share cents
7 308 658 21 963 917 23 691 ZAR Income US$ 1 319 1 190 876 395 110
(7.30) (58.77) 70.62 ZAR Earnings/(loss) US$ 3.93 (3.19) (0.33)
cents per cents
share
(7.30) (58.77) 70.62 ZAR Headline US$ 3.93 (3.19) (0.33)
cents earnings/ cents
(loss) per share
No dividends have been declared or paid for the quarter ended 30 September 2024 (Q3 2023: Nil).
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the Company has received a non-binding offer in respect of its 49% shareholding
in ISA Carstens Holdings SA (Pty) Ltd ("ISA"), which is largely in line with the current carrying value of ISA as at
30 September 2024. Together with our fellow shareholders in ISA we are currently finalising negotiations with
the offeror.
The outcome of the negotiations may have a material effect on the price of the Company's securities.
Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a
further announcement is made or the cautionary announcement is withdrawn.
SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the board of directors of Astoria ("Board") and is only a
summary of the information in the full announcement and, accordingly, does not contain full or complete details.
The full announcement was published on SENS and the SEM website on 29 October 2024, and can be found on
the Company's website www.astoria.mu and accessed using the following JSE link:
https://senspdf.jse.co.za/documents/2024/jse/isse/ARAE/Q3SEPT24.pdf
Any investment decisions by shareholders and/or investors should be based on the full announcement released
on SENS and published on the SEM website and published on the Company's website at
www.astoria.mu/publications.
Copies of the full announcement 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, Republic of Mauritius or via
sending an email to info@astoria.mu.
By order of the Board
Mauritius – 29 October 2024
NOTES
Copies of this 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, Republic of Mauritius or via sending an email to
info@astoria.mu.
Copies of the statement of direct or indirect interest of the Senior Officers of the Company pursuant to rule
8(2)(m) of the Securities (Disclosure of Obligations of Reporting Issuers) Rules 2007 are available to the public
upon request to the Company Secretary at the Registered Office of the Company at 1st Floor, 18 Cascavelle
Business Park, Riviere Noire Road, Cascavelle, Republic of Mauritius.
This announcement is issued pursuant to SEM Listing Rules 12.20 and 12.21 and section 88 of the Securities Act
2005 of Mauritius. The Board accepts full responsibility for the accuracy of the information in this
announcement.
For further information, please contact:
Designated Advisor
Questco Corporate Advisory Proprietary Limited
Company Secretary
Clermont Consultants (MU) Limited
Date: 29-10-2024 11:00:00
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.
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