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Audited Annual Financial Results for the year ended 31 December 2021 and Notice of Annual General Meeting Short Form
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”)
AUDITED ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021 AND NOTICE
OF ANNUAL GENERAL MEETING SHORT FORM ANNOUNCEMENT
Shareholders are advised that the Company’s Integrated Annual Report containing, inter alia, the audited
annual financial statements for the year ended 31 December 2021 and the notice of annual general meeting
(“Integrated Annual Report”), is available on the Company’s website via the following link:
https://www.astoria.mu/wp-content/uploads/2022/03/Astoria-Integrated-Annual-Report-31-December-
2021.pdf
Astoria is a global investment company which aims to provide a high real rate of return on its net asset value
(“NAV”) per share, measured in US Dollars (“USD”) Astoria has primary listings on the Stock Exchange of
Mauritius (“SEM”) and the Alternative Exchange of the JSE Limited (“JSE”).
SALIENT POINTS
• Net asset value per share: USD 0.62 (2020: USD 0.47)
• Profit after tax: USD 8.9 million (2020: USD 3.6 million)
• Basic earnings per share: 15.61 USD cents (2020: 6.39 USD cents)
• Headline earnings per share: 15.61 USD cents (2020: 6.39 USD cents)
No dividend was declared during the current financial year ended 31 December 2021 (2020: $0.0398 per
share).
AUDITORS’ REPORT AND KEY AUDIT MATTER
The Company’s external auditors, Ernst & Young Inc. has issued an unqualified audit opinion on the audited
financial statements for the year ended 31 December 2021. The audited annual financial statements and the
auditor’s report are available for inspection at the Company’s registered office. The auditor’s report does not
necessarily report on all the information contained in this announcement. Shareholders are therefore advised
that, in order to obtain a full understanding of the nature of the auditor’s engagement, they should obtain a
copy of the auditor’s report together with the accompanying financial information from the Company’s
registered office.
The auditors’ report refers to one key audit matter relating to the fair value estimation of level 3 financial assets
carried at fair value. Further details are available in the full auditor’s report and the annual financial statements
contained in the Integrated Annual Report.
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the Annual General Meeting of Astoria will be held at Block 7, Uniciti Office Park,
Black River Road, Bambous, Mauritius at 12:00 Mauritian Time, 10:00 South African Time on Wednesday, 25
May 2022 for the purpose of:
a. presenting the audited annual financial statements of the Company as well as the statement of directors’
responsibilities, corporate governance report and independent auditors’ report for the year ended 31
December 2021; and
b. considering and if deemed fit adopting with or without modification, the shareholder resolutions as set
out in the Integrated Annual Report.
Salient dates and times:
Events 2022
Record date for shareholders to be recorded in the register in order to receive the Friday, 18 March
notice of AGM
Notice of AGM distributed to shareholders on Friday, 25 March
Last day to trade in order to be recorded in the register to vote at the AGM Tuesday, 17 May
Record date to be recorded in the register in order to be entitled to vote at the AGM Friday, 20 May
Last date to lodge forms of proxy for the AGM by 12:00 Mauritian Time (10:00 SA Monday, 23 May
time)*
Annual General Meeting held at 12:00 Mauritian Time (10:00 SA time) Wednesday, 25 May
Results of AGM to be published on SENS and on the SEM website on or about Wednesday, 25 May
*Forms of proxy may be handed to the Chairman before the commencement of the meeting.
SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the board of directors of Astoria and is only a summary
of the information in the Integrated Annual Report and accordingly does not contain full or complete details.
The Integrated Annual Report containing further details was published on 28 March 2022, and can be found
on the Company’s website at https://www.astoria.mu/wp-content/uploads/2022/03/Astoria-Integrated-Annual-
Report-31-December-2021.pdf, as well as at the following JSE link:
https://senspdf.jse.co.za/documents/2022/jse/isse/ARAE/2021AFS.pdf
Any investment decisions by shareholders and/or investors should be based on the Integrated Annual Report
released on SENS and published on the Company’s website.
Copies of the Integrated Annual Report are available to the public, free of charge, at the registered office of the
Company, Block 7 Uniciti Office Park, Bambous, Republic of Mauritius and can be requested from
info@astoria.mu.
By order of the Board
28 March 2022
JSE Designated Advisor
Questco Corporate Advisory Proprietary Limited
Company Secretary
Clermont Consultants (MU) Limited
Date: 28-03-2022 10:01:00
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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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