BISAN - Notice to noteholders regarding the release of an update regarding Business Interruption Claims
BISAN - Notice to noteholders regarding the release of an update regarding Business Interruption Claims
SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
Company code: BISAN
(“Santam” or the “Issuer”)
NOTICE TO NOTEHOLDERS REGARDING THE RELEASE OF AN UPDATE REGARDING BUSINESS
INTERRUPTION CLAIMS
Noteholders are referred to the announcement released by the Issuer on the Stock Exchange News
Service on 7 July 2020, regarding an update to its business interruption claims (“Update
Announcement”).
The Update Announcement was released to inform security holders of a matter pertaining to its
Contingent Business Interruption insurance cover, whereby the Issuer, through its Hospitality and
Leisure insurance division, will today be delivering an opposing affidavit in an application brought
against Santam in the Western Cape High Court by an insured hotel group. Noteholders are advised
to refer to the Update Announcement for full details in this regard.
7 July 2020
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07-07-2020 04:38:00
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