• Low trading volumes and liquidity in EDU shares
• Heightened regulatory uncertainty in international student market
• Delisting to reduce administrative costs and management time

EDU Holdings Limited (EDU) advises that it intends to voluntarily delist from the Australian Securities Exchange (ASX), subject to shareholder approval. The Board has determined that the benefits of delisting outweigh the benefits of remaining listed, citing low levels of trading in the company's shares, ongoing regulatory uncertainty in the international student market (which accounts for 85% of EDU's revenue), and the management time and administrative costs associated with remaining listed. EDU has received in-principle advice from the ASX indicating that it would likely approve the delisting, subject to certain conditions. These include obtaining shareholder approval by special resolution, providing a clear timetable and information to shareholders, and suspending trading at least two business days before the removal date. After delisting, EDU shares will only be tradable through private transactions, which may present difficulties for shareholders wishing to sell. To provide an opportunity for shareholders to realise their investment, EDU plans to conduct an equal access off-market buy-back. The company will also undertake a buy-back of unmarketable parcels. While the ASX Listing Rules will no longer apply, EDU will remain subject to its obligations under the Corporations Act, including continuous disclosure and financial reporting requirements if it has 100 or more shareholders.