To view the PDF file, sign up for a MySharenet subscription.

SEKUNJALO INVESTMENTS STRATEGIC ALLIANCE WITH POLICYLINK LIMITED

Release Date: 16/11/1999 07:27
Code(s): SKJ
Wrap Text
SEKUNJALO INVESTMENTS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 96/06093/06)
("SEKUNJALO")
STRATEGIC ALLIANCE WITH POLICYLINK LIMITED

FURTHER TO THE PREVIOUS CAUTIONARY ANNOUNCEMENTS, STANDARD CORPORATE AND MERCHANT BANK IS AUTHORISED TO ANNOUNCE THAT THE FINANCIAL SERVICES DIVISION OF SEKUNJALO HAS ENTERED INTO A STRATEGIC ALLIANCE WITH POLICYLINK LIMITED ("POLICYLINK"), THE GLOBAL LEADER IN THE SECONDARY LIFE INSURANCE MARKET, TO FURTHER DEVELOP THE MARKET FOR TRADED POLICIES. THIS WILL APPLY TO BOTH THE CREATION OF SECURITIES INVESTMENT PRODUCTS AND THE PROMOTION OF PROFESSIONAL STANDARDS AND REGULATIONS GOVERNING THE WAY BROKERS OPERATE IN THE SECOND-HAND POLICY MARKET.
ALTHOUGH DISCUSSIONS ARE NOT EXPECTED TO RESULT IN A MATERIAL ACQUISITION FOR SEKUNJALO, IT IS EXPECTED THAT THE CURRENT STRATEGIC ALLIANCE WILL BE
STRENGTHENED. THE RELATIONSHIP WITH POLICYLINK IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON SEKUNJALO'S EARNINGS. CAPE TOWN 16 NOVEMBER 1999 MERCHANT BANK SCMB STANDARD CORPORATE AND MERCHANT BANK
(A DIVISION OF THE STANDARD BANK OF SOUTH AFRICA LIMITED) (REGISTRATION NUMBER 62/00738/06) JOINT SPONSORING BROKERS LEGAE SECURITIES (PTY) LIMITED MEMBER OF THE JOHANNESBURG STOCK EXCHANGE REGISTRATION NUMBER 96/09555/07 STANDARD EQUITIES (PTY) LIMITED (REGISTRATION NUMBER 72/08305/07) (MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)

Share This Story