Sanlam Ltd Investor and Analyst Call Transcript
Good day, ladies and gentlemen, and welcome to the Sanlam Investor Update on the development of the BEE SPV. (Operator Instructions) Kindly note that this event is being recorded. I will now hand the conference over to the Chief Executive Officer, Mr. Paul Hanratty. Please go ahead, sir.
Chris, thank you very much. And good afternoon, ladies and gentlemen, and thank you for joining us on this call this afternoon. I know that it's a very short notice. I'm joined on the call by our Group Finance Director, Abigail Mukhuba; our Chief Risk Officer and Chief Actuary, Lotz Mahlangeni; and the Head of Investor Relations, Grant Davids.
Earlier today, we announced the acquisition of the senior ranking preference shares and the BEE structure through which Sanlam in 2019 issued 5% of Sanlam's ordinary share capital to a special purpose vehicle. The SPV shareholders consists of a broad-based group of [empowerment] beneficiaries and our anchor empowerment shareholder, Ubuntu-Botho.
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