Ninety One completes Sanlam UK active asset transfer

Ninety One Limited (JSE:NY1) has announced the successful completion of the transfer of Sanlam Investments UK Limited's ('SI UK') active asset management business to Ninety One UK Limited, effective June 16, 2025. The "UK Transaction" marks a significant step in establishing a long-term asset management relationship between Ninety One and Sanlam Limited and Sanlam Life Insurance. In accordance with the terms of the UK Transaction, Ninety One plc issued and allotted 13,675,595 new ordinary shares with a nominal value of GBP 0.0001 each to SI UK as consideration. The new shares have been admitted to listing on the FCA's Official List and trading on both the London Stock Exchange and the Johannesburg Stock Exchange, starting today, June 17, 2025, at 08:00 (BST) / 09:00 (SAST).