Group restructuring

 

Having obtained the requisite shareholder and regulatory approval, RMB Holdings Limited ("RMBH") implemented a far reaching restructuring on 7 March 2011. In the context of Rand Merchant Insurance Holdings Limited ("RMI Holdings"), this included, inter alia, the following steps:

  • the separation of RMBH's insurance and banking interests, through the transfer of RMBH's insurance interests to RMI Holdings; and
  • the unbundling of RMI Holdings to RMBH's ordinary shareholders on a one-for-one basis and the separate listing of RMI Holdings on the JSE as an insurance-focused investment entity.

The purpose of RMI Holdings is to give shareholders greater flexibility and transparency in managing their insurance investments traditionally held by RMBH.

 

Return to top