| Ninety One Limited Registration number 2019/526481/06 Date of registration: 18 October 2019 ISIN: ZAE000282356
| Ninety One plc Registration number 12245293 Date of registration: 4 October 2019 JSE share code: N91 ISIN: GB00BJHPLV88 LEI: 549300G0TJCT3K15ZG14 |
As part of the dual-listed companies' structure, Ninety One plc and Ninety One Limited (together 'Ninety One') notify both the LSE and the JSE of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules and Listing Rules of the FCA and/or the Listings Requirements of the JSE.
Expected completion of the transfer of Sanlam Investments UK Limited's active asset management business to Ninety One UK Limited
Following 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 are pleased to announce that the UK component of the Transaction, which involves the transfer of Sanlam Investments UK Limited's ('SI UK') active asset management business to Ninety One UK Limited ('Ninety One UK') and the appointment of Ninety One UK as the primary active asset manager for a specified portion of SI UK's assets under management (the 'UK Transaction'), is expected to complete on Monday, 16 June 2025.
Issuance of consideration shares to SI UK
In accordance with the terms of the UK Transaction, Ninety One plc will issue and allot 13,675,595 ordinary shares to SI UK (the 'Consideration Shares'), on Monday, 16 June 2025 as consideration for the UK Transaction. Applications have been made for the Consideration Shares to be admitted to listing on the Equity Shares (Commercial Companies) category of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange for listed securities, as well as to listing and trading on the Main Board of the Johannesburg Stock Exchange (together the 'Admissions'). The Admissions are expected to take place at 08:00 (BST) / 09:00 (SAST) on Tuesday, 17 June 2025.
Date of release: 13 June 2025
For enquiries please contact:
Investor relations
Ninety One Investor Relations ir@ninetyone.com
JSE Sponsor to Ninety One:
J.P. Morgan Equities South Africa (Pty) Ltd
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