Nord Anglia Education Announces Approval to Establish a New Bilingual School in Shanghai
HONG KONG, Sept. 3, 2015 /PRNewswire/ -- Nord Anglia Education, Inc. (NYSE: NORD), the world's leading premium schools organization, today announced that it has received approval to establish a new bilingual school in Shanghai. The new school will be called Nord Anglia Bilingual School Shanghai and is expected to open in September 2016.
Nord Anglia Bilingual School Shanghai will cater to children of PRC nationals from age 6 to 18 years. It will follow the local Chinese curriculum integrated with international elements taught through the medium of mandarin Chinese and English. Throughout the school, Nord Anglia Education will draw on the best of Chinese and Western learning styles and the experience of leading educators to provide a distinctive education program for the students.
Nord Anglia Education is working with a local partner to redevelop an existing site close to one of its existing schools. The campus will have approximately 2,250 seats of capacity and impressive facilities to support the school in offering an outstanding education.
The opening of the school is subject to receipt of further regulatory approvals and the establishment of the school entity as part of a variable interest entity structure in China.
"We are delighted to announce that we have received approval to establish Nord Anglia Bilingual School Shanghai. This is a very important development for Nord Anglia Education. The demand for premium K-12 education in China is growing rapidly and we will be well placed to capitalise on this," Andrew Fitzmaurice, CEO of Nord Anglia Education, commented.
"Nord Anglia Education has provided premium quality international education to children of foreign nationals in China since 2002, and we are now looking forward to providing the same outstanding education to PRC nationals. In addition, we believe that students who attend Nord Anglia Bilingual School Shanghai will benefit from exchange opportunities with Nord Anglia Education's boarding schools in the U.S. if they wish to further their high school education overseas," Fitzmaurice continued.
Forward Looking Statements
This press release includes statements that express our current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward looking statements". These forward looking statements can generally be identified by the use of forward-looking terminology, including the terms "believe," "expect," "may," "will," "should," "seek," "project," "approximately," "intend," "plan," "estimate" or "anticipate," or, in each case, their negatives or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning among other things, our future enrollments, acquisitions, greenfield developments and strategies.
By their nature, forward-looking statements relate to events that involve risks and uncertainties or that depend on circumstances that may or may not occur in the future. We believe that these risks and uncertainties include, but are not limited to, those under "Risk Factors" in our most recent registration statement on Form F-3 filed with the SEC.
Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance and that our actual results may differ materially from those made in or suggested by the forward-looking statements contained in this press release. Any forward-looking statement that we make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments.
About Nord Anglia Education
Nord Anglia Education (NYSE: NORD) is the world's leading operator of premium international schools, serving students from kindergarten through the end of secondary school (K-12). We teach over 32,000 students at our 42 premium schools in China, Europe, the Middle East and Southeast Asia and North America. We are driven by one unifying philosophy – we are ambitious for our students, our people and our family of schools. Our schools deliver a high quality education through a personalized approach enhanced with unique global opportunities to enable every student to succeed. Nord Anglia Education is headquartered in Hong Kong. Our website is www.nordangliaeducation.com.
For further information, please contact:
Media:
Sarah Doyle
Head of Brand - Nord Anglia Education
Tel: +852 3951 1144
Email: [email protected]
Investors:
Vanessa Cardonnel
Corporate Finance and Investor Relations Director - Nord Anglia Education
Tel: +852 3951 1130
Email: [email protected]
Kevin Doherty
Managing Director, Investor Relations - Solebury Communications Group LLC
Tel: +1 203 428 3233
Email: [email protected]
SOURCE Nord Anglia Education, Inc.
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