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Astoria - proposed delisting circular
Shareholders of Astoria were referred to the announcement released on SENS on 27 October 2025 ("Terms Announcement") and, using the terms defined therein, were advised that the Board has now resolved to:
- make a conditional offer by the Company to Shareholders to acquire all of the Astoria Shares held by them for the Offer Consideration, being a cash consideration of R8.15 per Offer Share (the "Offer") on the terms and conditions set out in the Terms Announcement; and
- propose the termination of the listing of all of the Astoria Shares from the Alternative Exchange of the JSE and the SEM (the "Proposed Delisting"), conditional upon the fulfilment of the Offer Conditions and the Maximum Acceptances Condition.
Circular and General Meeting Notice
A circular to Astoria Shareholders, setting out the full terms and conditions of the Offer and Delisting and incorporating, inter alia, the Independent Expert Report and the Notice of General Meeting (the "Circular"), will be distributed to Shareholders and made available on the Company's website (astoria.mu/investor-relations/), today, 17 November 2025.
The General Meeting to consider, and if deemed appropriate, approve with or without modification, the resolutions set out in the Notice of General Meeting required to implement the Offer and the Proposed Delisting, will be held entirely by electronic participation, at 13:00 Mauritian time (11:00 am South African time) on Wednesday, 17 December 2025. The Notice of General Meeting is attached to and forms part of the Circular.
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