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SLM - Sanlam Limited - Acquisition of remaining 50% stake in Satrix Managers

Release Date: 10/05/2012 17:20
Code(s): SLM
Wrap Text

SLM - Sanlam Limited - Acquisition of remaining 50% stake in Satrix Managers 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") ACQUISITION OF REMAINING 50% STAKE IN SATRIX MANAGERS Sanlam Investment Holdings Limited (SIH), a wholly owned subsidiary of Sanlam, has concluded an agreement to acquire the remaining 50% shareholding in Satrix Managers Pty Ltd (Satrix Managers). The agreement is subject to suspensive conditions, which include, inter alia, the obtaining of all required regulatory and statutory approvals. If approved, the acquisition will bring SIH`s shareholding in Satrix Managers to 100% and Satrix Managers will be consolidated into the Sanlam financial statements. In terms of the JSE Listings Requirements, this transaction is not a categorised transaction. Cape Town 10 May 2012 Sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 10/05/2012 17:20:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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