AFROCENTRIC INVESTMENT CORP LIMITED - Sanlam/Afroc 15 Dec 2015
ACT SLM 201512150039A
Sanlam/Afrocentric-Completion of the subscription for shares by Sanlam in a wholly owned subsidiary of Afrocentric
Sanlam Limited Afrocentric Investment Corporation Limited
(Incorporated in the Republic of South (Incorporated in the Republic of South
Africa) Africa)
(Registration number: 1959/001562/06) (Registration number: 1988/000570/06)
JSE share code: SLM JSE Code: ACT
NSX share code: SLA ISIN: ZAE000078416
ISIN: ZAE000070660 (“AfroCentric” or “ACT”)
(“Sanlam”)
JOINT ANNOUNCEMENT REGARDING THE COMPLETION OF THE SUBSCRIPTION
FOR SHARES BY SANLAM IN A WHOLLY OWNED SUBSIDIARY OF AFROCENTRIC
The respective boards of ACT and Sanlam are pleased to confirm that all the suspensive
conditions relating to the Sanlam subscription, for the sum of R703 million, for a 28.7% interest
in Afrocentric Healthcare Assets Proprietary Limited (“AHA”) a wholly owned subsidiary of
Afrocentric (“the Transaction”), have been fulfilled or waived and the Transaction is now
unconditional.
The effective date of the Transaction is today, 15 December 2015.
For ease of reference shareholders are referred to the detailed joint announcement published
on the Stock Exchange News Service (“SENS”) on 30 September 2014 wherein they were
advised of the full terms of the Transaction, and the subsequent announcements relating
thereto.
Johannesburg
15 December 2015
Sponsor to ACT
Sasfin Capital (a division of Sasfin Bank Limited)
Sponsor to Sanlam
Deutsche Securities (SA) Proprietary Limited
Date: 15/12/2015 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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