Curro acquires two private schools in Durban
Posted Thu, 16 Feb 2012
Curro is pleased to announce that it has acquired two Durban based private schools namely Embury College in Morningside, a combined private school of 850 learners ("Embury College"), and Hillcrest Christian Academy, a primary school with 650 learners in the suburb of Hillcrest ("Hillcrest Christian Academy"). The acquisition forms part of the company's integral strategy to acquire, develop and operate private schools in South Africa. The acquisitions of both Embury College and Hillcrest Christian Academy falls below the category 2 transaction threshold as set out in section 9 of the Listings Requirements. Accordingly, no action is required from Curro shareholders and this announcement is made for information purposes only.
Shareholders are further advised that the cautionary announcement issued on 17 January 2012 is still effective and accordingly shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
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