REG - Ninety One PLC - Expected completion of SI acquisition

Ninety OneAnnouncement

30/01/2026 07:00

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RNS Number : 7903Q  Ninety One PLC  30 January 2026

 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 London Stock Exchange ('LSE')
and the Johannesburg Stock Exchange ('JSE') of matters which are required to
be disclosed under the Disclosure Guidance and Transparency Rules and Listing
Rules of the Financial Conduct Authority and/or the Listings Requirements of
the JSE.

 

Expected completion of Ninety One's acquisition of Sanlam Investment
Management Proprietary Limited and commencement of the long-term strategic
relationship between Ninety One and Sanlam

 

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 is
pleased to announce that the South African component of the Transaction (the
'SA Transaction') is expected to complete on Monday, 2 February 2026. The SA
Transaction involves, among other things, the acquisition by Ninety One
Limited of all of the shares in Sanlam Investment Management Proprietary
Limited and the creation of the initial 15-year strategic relationship between
Ninety One and the Sanlam Group. The strategic relationship will commence on
completion of the SA Transaction.

 

Issuance of consideration shares

 

In accordance with the terms of, and as consideration for, the SA Transaction,
Ninety One will issue and allot:

-       32,832,475 ordinary Ninety One plc shares to Sanlam Investment
Holdings Proprietary Limited (the 'NPLC SIH Consideration Shares');

-       66,592,115 ordinary Ninety One Limited shares to Sanlam
Investment Holdings Proprietary Limited (the 'NLTD Consideration Shares'); and

-       12,594,619 ordinary Ninety One plc shares to Sanlam Life
Insurance Limited and together with the NPLC SIH Consideration Shares, the
'NPLC Consideration Shares'),

on completion of the SA Transaction, which is expected to take place on
Monday, 2 February 2026.

 

Applications have been made for the NPLC Consideration Shares to be admitted
to trading on the Main Market of the LSE for listed securities, as well as to
listing and trading on the Main Board of the JSE (together the 'NPLC
Admissions'). An application has also been made for the NLTD Consideration
Shares to be admitted to listing and trading on the Main Board of the JSE
(together with the NPLC Admissions, the 'Admissions'). The Admissions are
expected to take place at 08:00 (GMT) / 10:00 (SAST) on Monday, 2 February
2026.

 

 

Date of release: 30 January 2026

 

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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