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SENS announcements

SENS announcements


By Tamara Thomas November 26, 2024
ADvTECH Limited (Incorporated in the Republic of South Africa) (Registration number 1990/001119/06) Share code: ADH ISIN: ZAE000031035 (“ADvTECH” or “the Company”)  STRATEGY DAY AND SITE VISITS Shareholders are advised that ADvTECH will be hosting a CEO Strategy Presentation today, Tuesday, 26 November 2024 in Sandton, followed by campus site visits in Pretoria. The presentation will focus on Group CEO, Geoff Whyte’s forward vision and strategic direction for the Group. The presentation is now available on ADvTECH’s website, www.advtech.co.za . 26 November 2024 Johannesburg Sponsor: Bridge Capital Advisors Proprietary Limited
By Tamara Thomas November 21, 2024
ADvTECH Limited (Incorporated in the Republic of South Africa) (Registration number 1990/001119/06) Share code: ADH ISIN: ZAE000031035 (“ADvTECH” or “the Company”) ADvTECH acquires established Ethiopian school group and expands its footprint across the African continent The ADvTECH Group (ADvTECH) announced today that it has concluded a USD7,5 million agreement (approximately R135 million) to acquire a 100% interest in Flipper International School in Addis Ababa, Ethiopia, further reinforcing its position as a leading provider of private education on the African continent. The acquisition will add five schools and an additional 3 000 students to the Group’s international portfolio in the fifth fastest growing city on the continent. The acquisition was internally funded by ADvTECH. Commenting on the acquisition, ADvTECH CEO, Geoff Whyte said: “We are delighted to welcome Flipper International School to the ADvTECH Group as we expand our presence across Africa and further cement our status as the leaders in teaching and learning on the continent.” Well-known for its academic excellence, Flipper International School was founded in 1998 by Mrs Menna Selamu Bekele and Mrs Serkaddis Seifu Yeteshawork. In 2018, the founders sold an 85% stake to Tana Africa Capital and the Saham Group. Flipper International Schools’ five campuses are located in Beklobet in the centre of Addis Ababa and in Summit to the east of the city. Total current capacity of the five locations amounts to more than 3 500 students. Ethiopia is experiencing rapid urbanisation. As a consequence of this development, availability in the public schooling system in Addis Ababa has become increasingly constrained. This has led to increased demand for high quality, private education. “As a business, ADvTECH is in a unique position to make a truly meaningful difference to people’s lives and futures. Flipper International School has always been a beacon of academic excellence in the region. We look forward, therefore, to applying our resources and expertise to this school and taking it to even greater heights in the years to come,” concluded Whyte. 21 November 2024 Johannesburg Sponsor: Bridge Capital Advisors Proprietary Limited
By Tamara Thomas November 20, 2024
ADvTECH Limited (Incorporated in the Republic of South Africa) (Registration number 1990/001119/06) Share code: ADH ISIN: ZAE000031035 (“ADvTECH” or “the Group”) CHANGES TO THE BOARD OF DIRECTORS APPOINTMENT OF HANNES BOONZAAIER AS GROUP CHIEF FINANCIAL OFFICER In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, the board of directors of ADvTECH (“Board”) is excited to announce the appointment of Mr Hannes Boonzaaier (“Hannes”) as designated Group Chief Financial Officer (“CFO”) and Executive Director with effect from 1 February 2025. After an initial handover period, he will succeed Didier Oesch as CFO, who will retire at the end of April 2025 (as per SENS announcement published on 11 June 2024) after serving the Group with distinction for more than 19 years. Hannes, a Chartered Accountant, joined the AfroCentric Group in 2003 and is currently the Group Chief Financial Officer. He has held this position since 2015 and is responsible for all financial management and investment decisions. Prior to joining the AfroCentric Group, he was a senior manager in the corporate finance team at KPMG, where he also completed his Articles. Hannes holds a Bachelor of Commerce (Honours) from the University of Pretoria, completed a Chartered Tax Advisor (CTA) through UNISA, and was admitted as a Chartered Accountant (SAICA) in 2000.  CFO South Africa awarded him the CFO Transformation and Empowerment Award in 2019. He won “Best Integrated Audit Report” for healthcare companies at the annual Board of Healthcare Funders Awards in 2022, 2023 and 2024 and was the overall winner in the JSE Small Cap section Integrated Audit Reports at the Sunday Times Companies Secretaries Award in 2022. The Board would like to congratulate Hannes on his appointment and looks forward to the contribution that he will bring to the Group. 20 November 2024 Johannesburg Sponsor: Bridge Capital Advisors Proprietary Limited
By Tamara Thomas November 1, 2024
ADvTECH Limited (Incorporated in the Republic of South Africa) (Registration number 1990/001119/06) Share code: ADH ISIN: ZAE000031035 (“ADvTECH” or “the Company”) DEALINGS IN SECURITIES BY A PRESCRIBED OFFICER OF THE COMPANY In compliance with the JSE Limited Listings Requirements the following information is disclosed in respect of dealings in ADvTECH securities by a Prescribed Officer.
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