Business
REG - Ninety One PLC - Joint announcement - completion of SA transaction
REG - Ninety One PLC - Joint announcement - completion of SA transaction
About this update from Sanlam Maroc
RNS Number : 1688R Ninety One PLC 02 February 2026 NINETY ONE LIMITED(Incorporated in the Republic of South Africa)(Registration number: 2019/526481/06)JSE Share Code: NY1ISIN: ZAE000282356("Ninety One Limited")NINETY ONE PLC(Incorporated in England and Wales)(Registration number: 12245293)LSE Share Code: N91JSE Share Code: N91ISIN: GB00BJHPLV88LEI: 549300G0TJCT3K15ZG14("Ninety One plc")SANLAM LIMITED(Incorporated in the Republic of South Africa)(Registration number: 1959/001562/06)JSE & A2X Share Code: SLM; NSX Share Code: SLAISIN: ZAE000070660("Sanlam" or "Sanlam Group")SANLAM LIFE INSURANCE LIMITED(Incorporated in the Republic of South Africa)(Registration number: 1998/021121/06)LEI: 378900E10332DF012A23Bond Issuer Code: BISLI("Sanlam Life")NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTIONJOINT ANNOUNCEMENT REGARDING THE FULFILMENT OF ALL SUSPENSIVE CONDITIONS TO, AND IMPLEMENTATION OF THE SOUTH AFRICAN TRANSACTIONShareholders are referred to the joint announcements released by Sanlam and Ninety One (the dual-listed company consisting of Ninety One plc and Ninety One Limited) on 20 November 2024 and6 March 2025 regarding the creation of a long-term active asset management relationship between Ninety One and Sanlam (the "Transaction"). The 6 March 2025 announcement provided details regarding the execution of key Operative Agreements relating to (i) the South African component of the Transaction (the "SA Transaction"); and (ii) the UK component of the Transaction (the "UK Transaction").As previously announced by Ninety One and Sanlam on 17 June 2025, the UK Transaction closed on 16 June 2025.Further to the announcement released by Ninety One earlier today, Sanlam and Ninety One are pleased to inform shareholders that all suspensive conditions relating to the SA Transaction have now been fulfilled. Accordingly, the SA Transaction became unconditional and closed today, Monday, 2 February 2026.Following implementation of both the SA Transaction and UK Transaction, the Sanlam Group now holds an effective equity interest of approximately 12.5% in Ninety One on a dual-listed company ("DLC") basis, calculated on Ninety One's total issued share capital as at 2 February 2026. Excluding minority interests ...