N91.L

Ninety One Plc
Ninety One PLC - Expected transfer of SI UK to Ninety One UK Ltd
13th June 2025, 06:00
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RNS Number : 5877M
Ninety One PLC
13 June 2025
 

Ninety One Limited
Incorporated in the Republic of South Africa

Registration number 2019/526481/06

Date of registration: 18 October 2019
JSE share code: NY1

ISIN: ZAE000282356

 

Ninety One plc
 Incorporated in England and Wales

Registration number 12245293

Date of registration: 4 October 2019
LSE share code: N91

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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