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alexanderforbes.co.za

Founded Year

1935

Stage

PIPE - II | IPO

Market Cap

5.31B

About Alexander Forbes

Alexander Forbes (JSE: AFH) offers integrated retirement, investment, life and insurance solutions to create, grow and protect wealth and assets.

Alexander Forbes Headquarter Location

115 West Street

Sandton, 2196,

South Africa

+27 11 269 0000

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Latest Alexander Forbes News

Sanlam : Completion of the transfer of the Group Risk and Retail Life Businesses of Alexander Forbes Life to Sanlam Life

Apr 1, 2022

04/01/2022 | 01:43am EDT Message : *Required fields Completion of the transfer of the Group Risk and Retail Life Businesses of Alexander Forbes Life to Sanlam Life 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")COMPLETION OF THE TRANSFER OF THE GROUP RISK AND RETAIL LIFEBUSINESSES OF ALEXANDER FORBES LIFE TO SANLAM LIFEShareholders are referred to the announcement released by Sanlam on the Stock ExchangeNews Service of the JSE Limited on 14 June 2021, regarding the acquisition of the group riskand retail life businesses ("AF Life Book") of Alexander Forbes Life Limited ("AF Life") via atransfer of the AF Life Book from AF Life to Sanlam Life Insurance Limited ("Sanlam Life"), awholly-owned subsidiary of Sanlam, in terms of Section 50 of the Insurance Act ("theTransaction").The board of directors of Sanlam wish to advise shareholders that all of the suspensiveconditions to the Transaction have now been fulfilled and the parties will therefore proceed toimplement the Transaction in accordance with its terms. The effective date of the Transactionis 31 March 2022. The total cash consideration is R100 million, 50% of which will be deferredand paid in two equal payments, to be made 12 and 24 months respectively from the effectivedate, subject to the achievement of agreed metrics.The Transaction will contribute towards the realisation of Sanlam's South African growthstrategy by strengthening Sanlam Life's position in the group risk and retail life insurancemarkets. The Transaction is expected to deliver capital synergies by integrating the AF LifeBook into the Sanlam Life licence and diversifying the portfolio of risks.Bellville01 April 2022EnquiriesSanlam Investor RelationsPhone: +27 21 947 8455E-mail: ir@sanlam.co.zaTransaction Sponsor to SanlamThe Standard Bank of South Africa LimitedLegal Advisers to SanlamNorton Rose Fulbright South AfricaDate: 01-04-2022 07:05:00Produced 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. Attachments

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  • When was Alexander Forbes founded?

    Alexander Forbes was founded in 1935.

  • Where is Alexander Forbes's headquarters?

    Alexander Forbes's headquarters is located at 115 West Street, Sandton.

  • What is Alexander Forbes's latest funding round?

    Alexander Forbes's latest funding round is PIPE - II.

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