ZSA - Zurich Insurance Company South Africa Limited - Change in shareholding in
ZSA
ZSA
ZSA - Zurich Insurance Company South Africa Limited - Change in shareholding in
Zurich Insurance Company South Africa Limited
Zurich Insurance Company South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number 1965/006764/06)
Share code: ZSA
ISIN: ZAE000094496
("Zurich South Africa" or "the Company")
CHANGE IN SHAREHOLDING IN ZURICH INSURANCE COMPANY SOUTH AFRICA LIMITED
A mutually agreed transaction has been concluded between Zurich South Africa`s
major shareholders in terms of which SA Fire House Limited (a subsidiary of
Zurich Insurance Company Limited, Switzerland)("Zurich") has acquired shares
constituting 25.1% of the issued share capital of the Company from Royal
Bafokeng Finance (Proprietary) Limited (a company wholly owned by Royal Bafokeng
Holdings) ("RBH"). The transaction will increase the shareholding of Zurich in
the Company to 84.05%.
Zurich South Africa will remain a strong supporter of RBH`s socio-economic
development programmes and remains fully committed to supporting Black Economic
Empowerment and transformation.
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.
Johannesburg
4 May 2012
Merchant bank and sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 04/05/2012 17:00:03 Produced by the JSE SENS Department.
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