REG - Ninety One PLC - Expected transfer of SI UK to Ninety One UK Ltd

Ninety OneAnnouncement

13/06/2025 07:00

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RNS Number : 5877M  Ninety One PLC  13 June 2025

 Ninety One Limited                             Ninety One plc
 Incorporated in the Republic of South Africa   Incorporated in England and Wales

 Registration number 2019/526481/06             Registration number 12245293

 Date of registration: 18 October 2019          Date of registration: 4 October 2019

JSE share code: NY1
LSE share code: N91

 ISIN: ZAE000282356                             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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