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Acquisition of 1Life Insurance unconditional
CLIENTÈLE LIMITED
Incorporated in the Republic of
South Africa
(Registration number:
2007/023806/06)
Share code: CLI
ISIN: ZAE000117438
("Clientèle" or "the Company")
ACQUISITION OF 1LIFE INSURANCE UNCONDITIONAL
Shareholders are referred to the SENS announcement released on 3 November 2023,
wherein shareholders were advised that the Company had entered into an exchange of shares
agreement ("Share Exchange Agreement") with Telesure Investment Holdings Proprietary
Limited ("TIH"), in terms of which the Company will acquire 100% of the issued share capital
of 1Life Insurance (RF) Limited ("1Life") held by TIH for a purchase consideration that will be
settled through an issue of shares in Clientèle ("1Life Acquisition").
Shareholders are further referred to the SENS announcement released on 27 March 2024,
wherein shareholders were advised that the 1Life Acquisition had been approved by the
requisite majorities of shareholders.
The Company is pleased to advise that all conditions precedent to the 1Life Acquisition have
now been fulfilled and accordingly the 1Life Acquisition has become unconditional and will, in
terms of the relevant provisions of the Share Exchange Agreement, be deemed to have closed
on 1 July 2024.
Johannesburg
15 July 2024
Transaction sponsor
Valeo Capital (Pty) Limited
Date: 15-07-2024 04:30:00
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