SLM - Sanlam Limited - Acquisition of remaining 50% stake in Satrix Managers
SLM
SLM
SLM - Sanlam Limited - Acquisition of remaining 50% stake in Satrix Managers
Sanlam Limited
(Incorporated in the Republic of South Africa)
Registration number 1959/001562/06
JSE share code: SLM
NSX share code: SLA
ISIN: ZAE000070660
("Sanlam")
ACQUISITION OF REMAINING 50% STAKE IN SATRIX MANAGERS
Sanlam Investment Holdings Limited (SIH), a wholly owned subsidiary of
Sanlam, has concluded an agreement to acquire the remaining 50% shareholding
in Satrix Managers Pty Ltd (Satrix Managers).
The agreement is subject to suspensive conditions, which include, inter alia,
the obtaining of all required regulatory and statutory approvals.
If approved, the acquisition will bring SIH`s shareholding in Satrix Managers
to 100% and Satrix Managers will be consolidated into the Sanlam financial
statements.
In terms of the JSE Listings Requirements, this transaction is not a
categorised transaction.
Cape Town
10 May 2012
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 10/05/2012 17:20:01 Produced by the JSE SENS Department.
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