SLM - Sanlam Limited - Fulfilment Of Suspensive Conditions
SLM
SLM
SLM - Sanlam Limited - Fulfilment Of Suspensive Conditions
Sanlam Limited
(Incorporated in the Republic of South Africa)
(Registration number 1959/001562/06)
JSE code: SLM NSX code: SLA
ISIN: ZAE000070660
("Sanlam")
Fulfilment Of Suspensive Conditions
Shareholders are referred to the announcement released today by Vukile Property
Fund Limited ("Vukile") whereby Vukile unitholders were advised that all of the
resolutions tabled at a general meeting held on Friday, 18 December 2009, were
passed by the requisite majority of unitholders.
All the suspensive conditions to the acquisition by Vukile of the property asset
management business of Sanlam Properties (Proprietary) Limited ("Sanlam
Properties") directly related to Sanlam Life Insurance Limited`s property
portfolio, as a going concern ("the Business Acquisition") have been met, with
the result that the Business Acquisition is now unconditional.
The Business Acquisition will be implemented with effect 1 January 2010 and the
linked units in Vukile to satisfy the purchase consideration will be allotted
and issued to Sanlam Properties and listed on the JSE Limited from the
commencement of business on Monday, 4 January 2010.
Bellville
18 December 2009
Sponsor to Sanlam
Deutsche Securities (SA) (Proprietary) Limited
Attorneys to Sanlam
Cliffe Dekker Hofmeyr Inc
Date: 18/12/2009 13:01:01 Produced by the JSE SENS Department.
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