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BRIEF-Navitas says Curtin University Sydney campus to close

Published 17/09/2015, 09:14 am
© Reuters.  BRIEF-Navitas says Curtin University Sydney campus to close
NVT
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Sept 17 (Reuters) - Navitas Ltd NVT.AX :

* Navitas and curtin refocus partnership - CUS to close NVT.AX

* It is intended that CUS will be wound down through 2016 with the final trimester being no later than the third trimester of 2016

* As such the majority of CUS students will not be affected by the gradual

closure of CUS

* Recruitment of new students to cus will cease in 2016

* Says re-focusing of their education partnership on their WA and Singapore operations.

* The agreement for curtin Singapore is due for renewal in March 2017 and curtin college in December 2016

* Negotiations for renewal of the agreements for both colleges have already commenced and are progressing positively

* Says given alignment of operations in Sydney it is not anticipated that the gradual closure of CUS will have a material earnings impact

* Says decision is also in-line with curtin university's vision for its future focus and global positioning

* Curtin university Sydney operation will be gradually closed down with classes ceasing by February 2017

* Source text for Eikon ID:nASXc4MDkX

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