MOMENTUM METROPOLITAN HOLDINGS LIMITED - MTM : Momentum Metropolitan Holdings Finalises the Acquisition of the Alexander Forbes Short-Term Insurance Business in SA
MTM : Momentum Metropolitan Holdings Finalises the Acquisition of the Alexander Forbes Short-Term Insurance Business in SA:
MOMENTUM METROPOLITAN HOLDINGS LIMITED
(Previously MMI Holdings Limited)
Incorporated in the Republic of South Africa
Registration number: 2000/031756/06
ISIN Code: ZAE000149902
JSE Share Code: MTM
NSX Share Code: MMT
"Momentum Metropolitan Holdings"
MOMENTUM METROPOLITAN LIFE LIMITED
(Previously MMI Group Limited)
Incorporated in the Republic of South Africa
(Registration No. 1904/002186/06)
Company code: MMIG
MOMENTUM METROPOLITAN HOLDINGS FINALISES THE ACQUISITION OF THE
ALEXANDER FORBES SHORT-TERM INSURANCE BUSINESS IN SOUTH AFRICA
Security holders are referred to the SENS announcement released on 25 July 2019, titled
"MOMMET - Proposed acquisition of AFI business" and are hereby advised that Momentum
Metropolitan Holdings, through its wholly owned subsidiary, Momentum Metropolitan Strategic
Investments (Proprietary) Limited, has completed its acquisition of the Alexander Forbes Short-term
Insurance business directly held through Alexander Forbes Limited ("Seller"), an indirect subsidiary
of Alexander Forbes Group Holdings Limited, an entity listed on the JSE Limited ("the
Transaction").
This notification confirms that all suspensive conditions for the Transaction have been fulfilled and
the purchase consideration for the Transaction will be transferred to the Seller on Friday, 31
January 2020.
For further details, refer to the full media release, which can be found on our website at
https://www.momentummetropolitan.co.za/en/media/2020-01-31
31 January 2020
Date: 31-01-2020 09:00:00
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