Sanlam reduces stake in Astral Foods below 5%

Astral Foods Limited has announced that Sanlam Investment Management has disposed of a portion of its interest in the company's ordinary shares. This disclosure, made in compliance with JSE Limited Listings Requirements and the Companies Act, reveals that Sanlam, acting on behalf of its clients, now holds an aggregate of 4.95% of Astral's total issued ordinary shares.

This change in beneficial interest means Sanlam's collective stake in Astral Foods has fallen below the 5% threshold, triggering the mandatory disclosure. The board of Astral Foods has confirmed the accuracy of the information provided in the announcement.

As per legal requirements, Astral will file the necessary notice with the Takeover Regulations Panel. The announcement was made from Lanseria on 9 September 2025, with Nedbank Corporate and Investment Banking, a division of Nedbank Limited, serving as the sponsor.