ZSA - Zurich - Announcement Relating To Change In Shareholding
ZSA
ZSA
ZSA - Zurich - Announcement Relating To Change In Shareholding
ZURICH INSURANCE COMPANY SOUTH AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1965/006764/06)
Share code: ZSA ISIN: ZAE000094496
("Zurich" or "the Group" or "the Company")
ROYAL BAFOKENG FINANCE INCREASES STAKE IN ZURICH TO 25.1%
The Company is pleased to announce that a transaction has been concluded between
its major shareholders in terms of which SA Fire House Limited (a subsidiary of
Zurich Insurance Company Limited, Switzerland) has disposed of shares
constituting 15.1% of the issued share capital of the Company to Royal Bafokeng
Finance (Proprietary) Limited ("RBF") (a company wholly owned by Royal Bafokeng
Holdings). The transaction will increase the shareholding of RBF in the Company
to 25.1%.
The transaction is subject to the fulfilment of all regulatory approvals
required in South Africa, including that of the Financial Services Board.
A further announcement will be made when the conditions precedent have been
fulfilled and the transaction is to be implemented.
The transaction has been concluded in pursuance of the commitment by the Company
to ongoing Black economic empowerment and transformation.
Johannesburg
3 December 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 03/12/2009 11:00:01 Produced by the JSE SENS Department.
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