|
SLM SNT
SLM SNT
SNT / SLM - Santam / Sanlam - Announcement to Santam Shareholders
SANTAM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1918/001680/06)
JSE share code: SNT
NSX share code: SNM
ISIN: ZAE000006854
("Santam")
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")
ANNOUNCEMENT TO SANTAM SHAREHOLDERS
Shareholders of Santam are referred to the circular posted to them on
Wednesday, 7 March 2007 relating to, inter alia, an offer by Sanlam to
purchase Santam shares tendered in excess of 10% of Santam`s issued ordinary
shares (the "Sanlam offer").
The Sanlam offer is subject to, inter alia, approval by the Registrar of
Short-term Insurance (the "Registrar"), which approval is still awaited.
The Registrar`s approval of the Sanlam offer will not affect the closing
date of Friday, 20 April 2007. However, failing such timeous approval,
implementation of the Sanlam offer will be delayed until such approval has
been obtained. An announcement will be released on SENS notifying Santam
shareholders once such approval has been obtained and, if required, any
amendments to the settlement date of the Sanlam offer.
Santam shareholders are reminded that they will not be able to and should
not trade in their Santam shares which have been tendered pursuant to the
Sanlam offer, until the Sanlam offer is capable of being implemented, which
date may be later than the implementation date initially envisaged.
In the event that the Registrar`s approval is not obtained before Thursday
31 May 2007, the Sanlam offer will not become operative and the transfer
secretaries will, within five business days, return the documents of title
received from certificated Santam shareholders to them.
Bellville
26 March 2007
Merchant bank and transaction sponsor Financial adviser and transaction
to Santam sponsor to Sanlam
RAND MERCHANT BANK DEUTSCHE SECURITIES
(A division of FirstRand Bank
Limited)
Sponsor to Santam and Sanlam in Legal advisers to Sanlam
Namibia JOWELL GLYN & MARAIS
Simonis Storm Securities
Date: 26/03/2007 08:30:01 Produced by the JSE SENS Department.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
