Business
Expected completion of SI acquisition
Ninety One plc announces that the South African component of its acquisition of Sanlam Investment Management Proprietary Limited is expected to complete on February 2, 2026, initiating a 15-year strategic relationship with the Sanlam Group. As consideration, Ninety One will issue 32,832,475 ordinary Ninety One plc shares and 12,594,619 ordinary Ninety One plc shares to Sanlam entities, along with 66,592,115 ordinary Ninety One Limited shares. Applications have been made for these consideration shares to be admitted to trading on the London Stock Exchange and the Johannesburg Stock Exchange, with admissions anticipated on the same completion date. 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 and/or the Listings Requirements of the JSE.\n \nExpected completion 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'), Ninety One is pleased to announce that the South African component of the Transaction (the 'SA Transaction') is expected to complete on Monday, 2 February 2026. The SA Transaction involves, 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 will commence on completion of the SA Transaction. \n \nIssuance of consideration shares\n \nIn accordance with the terms of, and as consideration for, the SA Transaction, Ninety One will issue and allot:\n- 32,832,475 ordinary Ninety One plc shares to Sanlam Investment Holdings Proprietary Limited (the 'NPLC SIH Consideration Shares');\n- 66,592,115 ordinary Ninety One Limited shares to Sanlam Investment Holdings Proprietary Limited (the 'NLTD Consideration Shares'); and\n- &...