To view the PDF file, sign up for a MySharenet subscription.

SANLAM LIMITED - Announcement relating to Dealings in Sanlam Securities

Release Date: 19/03/2019 16:00
Code(s): SLM     PDF:  
Wrap Text
Announcement relating to Dealings in Sanlam Securities

Sanlam Limited
(Incorporated in the Republic of South Africa)
Registration number 1959/001562/06
JSE share code: SLM
A2X share code: SLM
NSX share code: SLA
ISIN: ZAE000070660
(“Sanlam”)


Announcement relating to Dealings in Sanlam Securities

In compliance with paragraphs 3.63 to 3.74 and 3.92 of the Listings Requirements of the JSE Limited ("JSE"), the
following information is disclosed:


Name of Scheme:                                  Sanlam Limited Share Incentive Trust
The class of securities:                         Sanlam Ordinary shares
The nature of the agreement:                     Off-market sale of ordinary shares to Sanlam Life Insurance Limited for
                                                 delivery to nominated participants under shareholder approved Restricted
                                                 Share Plan (long-term retention with performance hurdles.)
Date of transaction:                             15 March 2019
The nature of the transaction:                   Off-market sale of ordinary shares in Sanlam Limited
Total number of units:                           389 005
Market value per share:                          R76.091 per share
Total amount involved:                           R29 599 779.45
Pre-approval obtained:                           Yes


Name of Director:                                I Kirk (Group Chief Executive)
The class of securities:                         Sanlam Ordinary Shares
The nature of the agreement:                     Restricted Shares under Restricted Share Plan (long-term retention with
                                                 performance hurdles.)
The retention and performance period:            Until 14 March 2024
Date of transaction:                             15 March 2019
The nature of the transaction:                   Grant and acceptance of Restricted Shares under Restricted Share Plan
                                                 (long-term retention with performance hurdles).
Total number of units:                           13 142
Total amount involved:                           R nil (Conditional value based on the closing market price on 15 March
                                                 2019 of the Sanlam share amounts to R965 937.00 calculated at R73.50
                                                 per share)
Pre-approval obtained:                           Yes
Nature of trade:                                 Off-market transaction
Interest:                                        Direct beneficial


Name of Director:                                T Mvusi (Chief Executive: Group Market Development)
The class of securities:                         Sanlam Ordinary shares
The nature of the agreement:                     Restricted Shares under Restricted Share Plan (long-term retention with
                                                 performance hurdles.)
The retention and performance period:            Until 14 March 2024
Date of transaction:                             15 March 2019
The nature of the transaction:                   Grant and acceptance of Restricted Shares under Restricted Share Plan
                                                 (long-term retention with performance hurdles).
Total number of units:                           13 142
Total amount involved:                           R nil (Conditional value based on the closing market price on 15 March
                                                 2019 of the Sanlam share amounts to R965 937.00 calculated at R73.50
                                                 per share)
Pre-approval obtained:                           Yes
Nature of trade:                                 Off-market transaction
Interest:                                        Direct beneficial


Name of Director:                                HC Werth (Financial Director)
The class of securities:                         Ordinary shares
The nature of the agreement:                     Restricted Shares under Restricted Share Plan (long-term retention with
                                                 performance hurdles.)
The retention and performance period:            Until 14 March 2024
Date of transaction:                             15 March 2019
The nature of the transaction:                   Grant and acceptance of Restricted Shares under Restricted Share Plan
                                                 (long-term retention with performance hurdles).
Total number of units:                           26 284
Total amount involved:                           R nil (Conditional value based on the closing market price on 15 March
                                                 2019 of the Sanlam share amounts to R1 931 874.00 calculated at R73.50
                                                 per share)
Pre-approval obtained:                           Yes
Nature of trade:                                 Off-market transaction
Interest:                                        Direct beneficial


Name of Director:                               S Bray (Company Secretary)
The nature of the agreement:                    Restricted Shares under Restricted Share Plan (long-term retention with
                                                performance hurdles.)
The retention and performance period:           Until 14 March 2024
Date of transaction:                            15 March 2019
The nature of the transaction:                  Grant and acceptance of Restricted Shares under Restricted Share Plan
                                               (long-term retention with performance hurdles).
Total number of units:                         13 142
Total amount involved:                         R nil (Conditional value based on the closing market price on 15 March
                                               2019 of the Sanlam share amounts to R965 937.00 calculated at R73.50
                                               per share)
Pre-approval obtained:                         Yes
Nature of trade:                               Off-market transaction
Interest:                                      Direct beneficial


19 March 2019
Cape Town


JSE Sponsor:

The Standard Bank of South Africa Limited

Date: 19/03/2019 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story