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Ethoscap - NAVPS and cautionary update, AGM
Ethos Capital shareholders were reminded to continue exercising caution when dealing in the Company's securities until a further announcement is made.
Ethos Capital ("ETHO" JSE) reported a 3.9% increase in its NAV per share (NAVPS) to R8.90 as of 30 September 2025, driven mainly by unrealised gains on Optasia, which grew EBITDA by nearly 11%. The NAV increased from R2 194 million to R2 279 million, with residual unlisted assets rising to R901 million. Following Optasia's successful IPO on 4 November 2025 at R19.00 per share, Ethos Capital's indirect interest in Optasia reduced from 6.5% to 4.5%, generating R339 million in proceeds. The company's adjusted NAVPS as of 17 November 2025 increased to R9.41, a 9.8% rise since June 2025. The AGM approved all resolutions, including the unbundling of Brait Exchangeable Bonds, which will be distributed as 0.00086 bonds per Ethos share, with a record date of 5 December 2025. Shareholders are advised to exercise caution pending further updates.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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