Sanlam completes UK transaction with Ninety One

Sanlam Limited (JSE: SLM) has announced the completion of its UK transaction with Ninety One, marking the culmination of a long-term active asset management relationship. All suspensive conditions for the transaction have been met, with the deal implemented on Monday, 16 June 2025. As part of the agreement, Ninety One plc has allotted and issued 13,675,595 shares to Sanlam Investments UK Limited, a wholly-owned subsidiary of Sanlam, as consideration for the UK Transaction. This issuance represents an approximate 1.5% equity stake in Ninety One on a dual-listed company basis, based on Ninety One’s total issued share capital as of 30 May 2025. The initial joint announcement outlining the key Operative Agreements related to both the South African (SA) and UK Transactions was released on Thursday, 06 March 2025.