Stadio : Voluntary Business Update At Annual General Meeting
June 22, 2022 at 03:25 am EDT
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STADIO HOLDINGS LIMITED
(Incorporated in the Republic of South Africa) (Registration number: 2016/371398/06 Share code: SDO
ISIN: ZAE000248662
LEI: 3789007C8FB26515D966
("the Company" or "the STADIO Group")
VOLUNTARY BUSINESS UPDATE AT ANNUAL GENERAL MEETING
VOLUNTARY BUSINESS UPDATE
Shareholders are hereby advised that a voluntary business update presentation will be provided by the Chief Executive Officer of the Company, Mr Chris Vorster, during the annual general meeting ("AGM") of the Company that will be held today, 22 June at 10:00, and conducted entirely by electronic communication.
The presentation relating to the voluntary business update will be available on the STADIO Group website (www.stadio.co.za) from 10:00. The salient points of the presentation are outlined below:
An overview of 2021.
An update on the strategy implementation to date.
An overview of the STADIO Group's growth strategy.
An overview of 2022 semester one ("S1") student numbers including an 11% increase in 2022 S1 student numbers for the period to 31 May 2022, the details of which are set out below:
MODE OF
30
30
30
30
30
31
2021
LEARNING
June
June
June
June
June
May
Growth
DELIVERY
2017
2018
2019
2020
2021
2022
Distance
18 997
20 932
22 199
24 784
28 573
32 741
15%
Learning
Contact
4 755
5 402
6 081
6 269
5 921
5 673
(4%)
Learning
Total
23 752
26 334
28 280
31 053
34 494
38 414
11%
MADE UP AS
FOLLOWS:
% Distance
80%
79%
78%
80%
83%
85%
Learning
% Contact
20%
21%
22%
20%
17%
15%
Learning
Distance learning student numbers showed good growth of 15% from 30 June 2021 to 31 May 2022.
Contact learning student numbers declined by 4% mainly as a result of the impacts of COVID-19 primarily on prior year intakes and the change in the Milpark strategy to move away from contact learning and focus only on online distance learning. The South African School of Motion Picture Medium and Live Performance Proprietary Limited ("AFDA") student numbers grew by 6% from 30 June 2021 to 31 May 2022 which was very pleasing considering their high price-point and the current economic environment.
New student numbers grew by 16%, with good growth on some of our campuses, highlighting the effectiveness of the STADIO Group's growth strategy on these campuses.
AGM
The AGM will be held today at 10:00. You can join the AGM as a guest by clicking on the following link www.meetnow.global/zaand clicking on the STADIO Holdings logo. 30 minutes before the start of the meeting click on "Join meeting now" and select the "Guest" tab. Shareholders who registered to attend can select the "Invitation" tab.
The Company looks forward to hosting you.
Durbanville
22 June 2022
Sponsor
PSG Capital
Independent Joint Sponsor
Tamela Holdings
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Disclaimer
Stadio Holdings Ltd published this content on 22 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2022 07:24:08 UTC.
Stadio Holdings owns and operates higher education institutions.
At the end of 2019, the group run 14 campuses (31,869 students; Embury, AFDA and SBS) located in South Africa.