Assupol shareholders can now buy and sell shares

Good news for owners of shares in Assupol Holdings Limited - as from 20 June 2013 they will be able to buy or sell shares on an automated electronic platform, known as an over the counter ("OTC") platform.

Assupol shareholders will be able to sell their existing Assupol shares or buy more in the company on the OTC platform. Shareholders who want to sell their shares can go to www.assupolshares.co.za to register or phone the Assupol OTC Call Centre on 011 3215562 for more details.

"We are very pleased that shareholders will now have the ability to buy or sell shares," said Rudi Schmidt, CEO of Assupol, which this year celebrates 100 years in the South African long term insurance market.

In March, Assupol completed the implementation of its demutualisation when it distributed R891.9 million as a redemption pay-out to approximately 228, 000 policyholders. The approximately 12 000 members whose preference shares were converted to ordinary shares will now be able to trade their shares on the OTC platform.

Importantly, Equity Express, the company that Assupol has commissioned to provide the OTC platform, already provides an OTC platform for a number of companies including some of the country's major Broad-Based Black Economic Empowerment schemes. These schemes include Sasol's Inzalo scheme, MultiChoice's Phutuma Nathi scheme and African Bank's Eyomhlaba and Hlumisa schemes.