Advtech Limited has completed a share repurchase, with the private school giant spending R250 million to buy back its own shares. <\/p>\n\n\n\n
Advtech is one of the largest private school groups in the country, with prominent brands including Crawford International, Pinnacle Colleges, and Trinityhouse. <\/p>\n\n\n\n
It also owns the Rosebank International and newly launched Emeris brands for tertiary education, with the latter absorbing Vega, Varsity College and IIE MSA. <\/p>\n\n\n\n
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. <\/p>\n\n\n\n
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. <\/p>\n\n\n\n
Of these shares, 2.8 million have already been cancelled, with the balance to be cancelled before 30 June 2026. <\/p>\n\n\n\n
“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. <\/p>\n\n\n\n
The repurchase was funded from the group\u2019s available cash resources. The group said that it remains focused on expanding and strengthening its portfolio of leading brands. <\/p>\n\n\n\n
The group added that it plans to invest in people, technology and infrastructure to ensure long-term success. <\/p>\n","protected":false},"excerpt":{"rendered":"
Advtech Limited has completed a R250 million share repurchase, with the group optimistic about strengthening its portfolio of leading brands.<\/p>\n","protected":false},"author":95,"featured_media":861111,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[7286],"class_list":["post-863806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-advtech"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/863806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=863806"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/863806\/revisions"}],"predecessor-version":[{"id":863817,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/863806\/revisions\/863817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/861111"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=863806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=863806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=863806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}