Ninety One Limited Completes Transfer of Sanlam Investments UK Limited's Active Asset Management Business

Strategic Insights -

Ninety One Limited, a company incorporated in the Republic of South Africa, has completed the transfer of Sanlam Investments UK Limited's active asset management business to Ninety One UK Limited. The transfer, which was part of the wider creation of a long-term active asset management relationship between Ninety One and Sanlam Limited and Sanlam Life Insurance Limited, was completed on Monday, 16 June 2025. As a result of the transaction, Ninety One plc issued and allotted 13,675,595 new ordinary shares to Sanlam Investments UK Limited as consideration.

Key Takeaways:

  • Ninety One Limited, a South African company, has completed the transfer of Sanlam Investments UK Limited's active asset management business to Ninety One UK Limited.
  • The transfer was part of a wider deal between Ninety One and Sanlam Limited and Sanlam Life Insurance Limited to create a long-term active asset management relationship.
  • Ninety One plc issued and allotted 13,675,595 new ordinary shares to Sanlam Investments UK Limited as consideration for the transfer.
  • The Consideration Shares were admitted to listing on the Official List of the FCA and the Main Market of the London Stock Exchange, as well as to listing and trading on the Main Board of the Johannesburg Stock Exchange.
  • The transfer was completed on Monday, 16 June 2025, and the new shares were issued on the same day.
  • The shares were listed on the Johannesburg Stock Exchange with effect from Tuesday, 17 June 2025.

Statistics:

  • 13,675,595 new ordinary shares issued by Ninety One plc to Sanlam Investments UK Limited.
  • Nominal value of each share: GBP 0.0001.
  • Date of transfer completion: Monday, 16 June 2025.
  • Date of shares listing and trading on the Johannesburg Stock Exchange: Tuesday, 17 June 2025.

Sources:

  • Johannesburg Stock Exchange, "Company Announcement" (17 June 2025)
  • Ninety One Limited, "Completion of the Transfer of Sanlam Investments UK Limited's Active Asset Management Business" (17 June 2025)