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MMI HOLDINGS LIMITED - Disposal of MMIs Shareholding in Metropolitan Life Swaziland Limited

Release Date: 26/02/2019 15:00
Code(s): MMI MMIG02 MMIG04 MMIG05 MMIG03 MMIG01 MMIG06     PDF:  
 
Wrap Text
Disposal of MMI’s Shareholding in Metropolitan Life Swaziland Limited

MMI Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/031756/06)
JSE share code: MMI
NSX share code: MIM
(“MMI Holdings” or “the Company”)

MMI GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1904/002186/06)
Company code: MMIG
(“MMI Group”)

DISPOSAL OF MMI’S SHAREHOLDING IN METROPOLITAN LIFE SWAZILAND LIMITED

Shareholders of MMI Holdings are referred to the SENS announcement
released by Vunani Limited today, 26 February 2019, titled “Acquisition
of a Majority Shareholding in Metropolitan Life Swaziland Limited”.
Full details of the transaction are set out in that announcement.

The disposal of MMI’s shareholding in Metropolitan Life Swaziland, held
through its subsidiary Metropolitan International Holdings Limited,
forms part of MMI’s strategic decision to exit certain markets, in line
with the announcement made as part of the year-end results published in
September 2017.


Centurion
26 February 2019


Sponsor in South Africa
Merrill Lynch South Africa (Pty) Limited

Sponsor in Namibia
Simonis Storm Securities (Pty) Limited

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