Astoria Investments Ltd (MUSE:ATIL.N0000) enter into equity Swap agreement to acquire 8.9% stake in RECM and Calibre Limited from Peresec Prime Brokers (Pty) Ltd for SAR 35.7 million on October 30, 2020. Under terms of equity swap agreement, Astoria Investments acquired 4.2 million shares for SAR 8.5 per share.There are no conditions precedent to the Transaction. In April 2021, RAC distributed 90.1% of the Astoria shares it owned to its shareholders, which resulted in Astoria having exposure to 4.2 million of RAC shares and 4.2 million Astoria shares through equity swaps. On May 7, 2021, Astoria partially unwound its Equity Swap position by taking delivery of 4200 000 RAC preference shares. The Transaction became effective on October 30, 2020. Shareholders are advised that November 11, 2021, Astoria instructed Peresec to settle the remainder of the Equity Swap in respect of 4,200,000 Astoria shares through the delivery of 2,537,130 RAC preference shares which equates to 1 RAC preference share for 1.6554 Astoria shares Astoria Investments Ltd (MUSE:ATIL.N0000) completed the acquisition of 8.9% stake in RECM and Calibre Limited from Peresec Prime Brokers (Pty) Ltd on November 11, 2021.