Sanlam finalizes R 7.8billion B-BBEE share issue

 

Sanlam has announced that it has agreed to the pricing of the Broad-based Black Economic Empowerment (B-BBEE) Transaction announced in October 2018.

The company will now proceed with the issuance of 111 349 000 Sanlam ordinary shares to the Subscription SPV (an SPV in which 80% new beneficiaries will participate) at an issue price of R70 per share, being a discount of 9.88% to the three-day VWAP in March 2019.Read more; bit.ly/2XUFyUC