Private school giant buys back shares for R250 million
Advtech Limited has completed a share repurchase, with the private school giant spending R250 million to buy back its own shares.
Advtech is one of the largest private school groups in the country, with prominent brands including Crawford International, Pinnacle Colleges, and Trinityhouse.
It also owns the Rosebank International and newly launched Emeris brands for tertiary education, with the latter absorbing Vega, Varsity College and IIE MSA.
In addition to its operations in South Africa, it also operates in Kenya, Ethiopia, Botswana, and Ghana. Listed on the JSE, the company has a market cap of R24 billion.
The company has now announced a share repurchase of 5.7 million shares for R250 million, representing about 1.04% of its issued share capital, between 30 March and 10 June 2026.
Of these shares, 2.8 million have already been cancelled, with the balance to be cancelled before 30 June 2026.
“This share repurchase reflects the board’s confidence in Advtech’s strong cash generation, robust balance sheet and long-term growth prospects,” said Geoff Whyte, Group CEO of Advtech.
The repurchase was funded from the group’s available cash resources. The group said that it remains focused on expanding and strengthening its portfolio of leading brands.
The group added that it plans to invest in people, technology and infrastructure to ensure long-term success.
Loading ...