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Santam acquires 100% of RMB-SI Investments Proprietary Limited
SANTAM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1918/001680/06)
JSE Share Code: SNT & ISIN ZAE000093779
NSX share code: SNM
(‘Santam’)
SANTAM ACQUIRES 100% OF RMB-SI INVESTMENTS PROPRIETARY LIMITED
(RMB-SI)
Santam and the shareholders of RMB-SI have reached agreement in
terms of which Santam will acquire 100% of the issued share
capital of RMB-SI (the Transaction).
RMB-SI has over the years pioneered an innovative specialist
insurance structuring business, offering its partners and clients
individually designed and innovative insurance solutions. Santam
believes that this acquisition would be a good strategic fit and
that Santam is well positioned to provide a platform for future
growth for the RMB-SI business.
RMB-SI owns 22.4% of the issued share capital of Truffle Capital
Proprietary Limited (Truffle). Truffle is excluded from the scope
of the Transaction.
The conclusion of the Transaction is subject to regulatory
approvals by the Financial Services Board and the competition
authorities in South Africa, as well as the relevant regulatory
authorities in Mauritius and Ireland. The Transaction is being
concluded at market-related terms and conditions.
Cape Town
23 August 2016
Sponsor
Investec Bank Limited
Legal advisor to Santam
ENSafrica
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