Source - RNS
RNS Number : 9493H
Sanlam Universal Funds PLC
13 June 2017
 

COMPANY ANNOUNCEMENT

For Immediate Release

13 June 2017

 

Sanlam Universal Funds Plc (the "Company")

Sanlam Managed Risk Fund (the "Fund")

Re: Change of Investment Manager

 

The Board of Directors of the Company (the "Board") wishes to announce that Sanlam Investment Management (Pty) Ltd (the "Investment Manager") has replaced Sanlam Four Investments UK Limited and Milliman Financial Strategies Limited as investment manager to the Fund, with effect from 12 June 2017.

Sanlam Investment Management (Pty) Limited is a company incorporated in South Africa and having its registered office and place of business at 55 Willie van Schoor Avenue, Bellville 7530, South Africa. It provides, inter alia, discretionary portfolio management services and investment advisory services for private as well as for institutional clients in all areas of international securities business. Sanlam Investment Management (Pty) Limited is a wholly owned subsidiary of Sanlam Limited.

The Investment Management Agreement dated 31 March 2004 between the Manager and Sanlam Investment Management (Pty) Limited as supplemented by the Supplemental Investment Management Agreement dated 13 August 2004 (as amended) (together the "Agreement") provides that the appointment of Sanlam Investment Management (Pty) Limited will continue in force unless and until terminated by the Manager giving not less than 30 days' written notice to Sanlam Investment Management (Pty) Limited or by Sanlam Investment Management (Pty) Limited giving not less than 90 days' written notice to the Manager. However, in certain circumstances the Agreement may be terminated without a minimum period of notice by either party. The Agreement limits the liability of Sanlam Investment Management (Pty) Limited to the Manager to losses arising by reason of the fraud, bad faith, negligence, wilful default or wilful misfeasance of Sanlam Investment Management (Pty) Limited in the performance or non-performance of its duties. The Agreement also provides that Sanlam Investment Management (Pty) Limited shall indemnify the Manager to the extent that any claims, direct losses or direct damages, are attributable to the fraud, bad faith, negligence, wilful default or wilful misfeasance by Sanlam Investment Management (Pty) Limited in the performance or non-performance of its duties.

 

Enquires to:                                                

Maples and Calder

Clare McIntyre

+353 1 619 7003

Sanlam Asset Management (Ireland) Limited

Noel McLoughlin

+353 1 2053 523 

 

 

 

 This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 


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