OUTSURANCE GROUP LIMITED - Issue of new OGL shares in exchange for shares in OUTsurance Holdings Limited
Issue of new OGL shares in exchange for shares in OUTsurance Holdings Limited
OUTsurance Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2010/005770/06)
ISIN: ZAE000314084
Share code: OUT
("OGL" or "the company")
ISSUE OF NEW OGL SHARES IN EXCHANGE FOR SHARES IN OUTSURANCE
HOLDINGS LIMITED
At the annual general meeting of the company held on 25 November
2025, shareholders approved special resolution number 4 which
allows the company to issue new shares in connection with the
acquisition of further shares in OUTsurance Holdings Limited (OHL)
from its minority shareholders. Since 1 July 2022, the movement in
the OHL share price was referenced to the movement in the 15-day
volume weighted average price (VWAP) of the OGL shares.
Today, employees transferred 1 162 705 ordinary shares in OHL
(valued at R35 880 996) based on the 15-day VWAP of the OGL shares
on 27 May 2026 in exchange for 507 726 newly issued OGL shares. As
a result of this transaction, OGL's shareholding in OHL has
increased from 92.83% to 92.86%, with the remaining 7.14% of the
issued shares of OHL being owned by directors and management.
OGL's issued number of ordinary shares has increased from
1 547 620 166 to 1 548 127 892.
Centurion
10 June 2026
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10-06-2026 03:46:00
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