Business
Confirming closing and admission of new shares
Ninety One plc and Ninety One Limited have completed the South African component of their transaction with Sanlam, acquiring Sanlam Investment Management Proprietary Limited and initiating a 15-year strategic relationship. As consideration, Ninety One issued 32,832,475 plc shares and 66,592,115 Limited shares to Sanlam Investment Holdings Proprietary Limited, along with an additional 12,594,619 plc shares to Sanlam Life Insurance Limited. These newly issued shares were admitted to trading on the London Stock Exchange and the Johannesburg Stock Exchange on February 2, 2026. Disclaimer*
About this update from Ninety One Plc
[{"type":"text","content":"\n\n\n\n\n\nNinety One Limited Incorporated in the Republic of South Africa\nRegistration number 2019/526481/06\nDate of registration: 18 October 2019\nJSE share code: NY1\nISIN: ZAE000282356\n \n\n\nNinety One plc Incorporated in England and Wales\nRegistration number 12245293\nDate of registration: 4 October 2019\nLSE share code: N91\nJSE share code: N91\nISIN: GB00BJHPLV88\nLEI: 549300G0TJCT3K15ZG14\n\n\n\n\n \n \nAs part of the dual-listed companies' structure, Ninety One plc and Ninety One Limited (together 'Ninety One') notify both the London Stock Exchange ('LSE') and the Johannesburg Stock Exchange ('JSE') of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules and Listing Rules of the Financial Conduct Authority ('FCA') and/or the Listings Requirements of the JSE.\n \nCompletion of Ninety One's acquisition of Sanlam Investment Management Proprietary Limited and commencement of the long-term strategic relationship between Ninety One and Sanlam\n \nFollowing the joint announcements released by Ninety One and Sanlam Limited and Sanlam Life Insurance Limited (together 'Sanlam') on 20 November 2024 and 6 March 2025 regarding the creation of a long-term active asset management relationship between Ninety One and Sanlam (the 'Transaction'), and further to the announcement released by Ninety One on 30 January 2026, Ninety One is pleased to announce that the South African component of the Transaction (the 'SA Transaction') completed today, Monday, 2 February 2026. The SA Transaction involved, among other things, the acquisition by Ninety One Limited of all of the shares in Sanlam Investment Management Proprietary Limited and the creation of the initial 15-year strategic relationship between Ninety One and the Sanlam Group. The strategic relationship came into effect on completion of the SA Transaction. \n \nAdmission of Ninety One shares\n \nIn accordance with the terms of the SA Transaction, Ninety One issued and allotted:\n- 32,832,475 ordinary Ninety One plc shares with a nominal value of GBP 0.0001 each to Sanlam Investment Holdings Proprietary Limited (the 'NPLC SIH Consideration Shares');\n- 66,592,115 ordinary Ninety One Limited shares of no par value to Sanlam Investm...