​​​Buying and Selling of Shares

Everything you need to know about buying and selling your Sanlam shares.

Buying Sanlam S​hares

Purchases through Computershare's share dealing service

You may phone the dealing service at 0861 100 913 for more information. Computershare will place the shares bought for you in Sanlam Share Account. In such an event, the fee for the transfer to Sanlam Share Account will be included in the administration fee of the purchase transaction.

Purchases through a stockbroker

Please contact your stockbroker for full details. If you do not have an account at a stockbroker as yet, you will be requested to open one before transactions will be done for you.

You can request the stockbroker to place your shares in Sanlam Share Account or any other CSDP of your choice. If you are already a client of the particular CSDP, the stockbroker will be able to arrange that. If not, you will first have to meet the entry requirements of the CSDP.

There are costs involved if you purchase through a stockbroker and then want to place the shares in Sanlam Share Account. See fees and costs.

Private purchases

You may buy shares privately but please note that strict JSE/NSX rules and legislation prohibit the active trading of shares outside the JSE/NSX. Typical allowed private purchases are transfers from estates, between family members, business partners, etc.

If you are involved in such a transaction, both parties must complete a transfer form (obtainable from Computershare). The form, with the necessary revenue stamps affixed, must be forwarded to Computershare with the necessary additional information and/or documentation as set out in the fees and costs document.

If shares acquired privately are still in certificate form, they will automatically be transferred to Sanlam Share Account in the name of the new owner. If you require a certificate, it can only be issued to you after the transfer has been done, on payment of the applicable fees.

Selling Sanlam S​​hares

Selling your shares if held by means of share certificates

You will not be able to sell these shares on the JSE/NSX if they have not been demutualised. After that the shares can be disposed of through any appropriate channel described below.

You may still sell these shares privately (change of ownership) or transfer them (without change in beneficial ownership). However, to transfer the shares to the new shareholder, you and the new owner must complete a transfer form (obtainable from Computershare) and forward the form, with the necessary revenue stamps affixed to it, to Computershare by registered mail with the share certificate and other additional information and/or documentation as set out in the fees and costs document.

Selling through Computershare's share dealing service

If your shares are held in Sanlam Share Account, you can sell them by simply phoning 0861 100 913. For security reasons the telephone instruction will be recorded and you will be required to answer certain questions to enable Computershare to ensure that the instruction was given by yourself.

When selling takes place through this share dealing service, the fee for the transfer from Sanlam Share Account will be included in the administration fee for the sale transaction.

Selling through a stockbroker

Please telephone your stockbroker for full particulars. If you do not have an account at a stockbroker as yet, you will be requested to open one before transactions will be done for you. You will also have to confirm to your stockbroker that your shares are in Sanlam Share Account in Computershare's CSDP.

Selling shares in Sanlam Share Account through a stockbroker will have cost implications for you. See fees and costs.

Private selling

You may sell your shares privately if circumstances necessitate this, or if such an opportunity arises, for example to a family member or business partner or any other willing buyer at a market-related price.

In the event of such a transaction, both the seller and the buyer must complete a transfer form (obtainable from Computershare) and the form, with the necessary revenue stamps affixed to it, must be forwarded to Computershare by registered mail with the necessary additional information and/or documentation as set out in the fees and costs document.

However, shareholders should be mindful of persons and institutions offering to sell their shares for them or to buy their shares from them. Very often the prices offered are way below market value and sometimes shareholders are not even paid for their shares. Therefore, shareholders are advised to use the channels described in this book when they want to sell their shares.