Key Developments: MMI Holdings Ltd (MMIJ.J)

MMIJ.J on Johannesburg Stock Exchange

2,679.00ZAc
20 Aug 2014
Price Change (% chg)

4.00c (+0.15%)
Prev Close
2,675.00c
Open
2,692.00c
Day's High
2,692.00c
Day's Low
2,654.00c
Volume
1,129,913
Avg. Vol
1,939,092
52-wk High
2,783.00c
52-wk Low
2,039.00c

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Latest Key Developments (Source: Significant Developments)

MMI Holdings Ltd acquires CareCross Health Group
Wednesday, 18 Jun 2014 05:00am EDT 

MMI Holdings Ltd:Acquires CareCross Health Group, including majority share in Occupational Care South Africa (OCSA).  Full Article

MMI Holdings Ltd declares interim dividend
Wednesday, 5 Mar 2014 12:05am EST 

MMI Holdings Ltd:Declares a gross interim dividend of 57 cents per ordinary share.Record date March 28.Payment date March 31.  Full Article

MMI Holdings Ltd says finalizes Guardrisk acquisition
Monday, 3 Mar 2014 01:00am EST 

MMI Holdings Ltd:Says the sale of Guardrisk to MMI Holdings, which was announced in Nov. 2013, has to date been approved by the Financial Services Board and the South African competition authorities and the transaction has thus been completed.Says the transaction comes into effect on March 3.Says the purchase price of 1.6 billion rand will be funded from MMI's capital buffer.  Full Article

MMI Holdings Ltd's Metropolitan International acquires Kenyan insurer Cannon
Monday, 24 Feb 2014 05:00am EST 

MMI Holdings Ltd:Says its Metropolitan International division has acquired a significant majority stake in Kenyan insurer Cannon Assurance Limited (Cannon).Says the shareholders of Cannon will in turn acquire a minority stake in Metropolitan Life Kenya.Says this transaction will enable a merger of the two companies with the consolidation of the life licences into one and a standalone short-term insurance licence and business.Financial terms of the transaction were not disclosed.  Full Article

MMI Holdings Ltd gives H1 2014 earnings outlook
Thursday, 20 Feb 2014 08:54am EST 

MMI Holdings Ltd:Expects H1 2014 diluted earnings per share and diluted headline earnings per share to be up between 20 and 30 pct compared to H1 2013.Expects H1 2014 diluted core headline earnings to be up between 10 and 15 pct.Increase in earnings and headline earnings in the current period relative to the increase in core headline earnings is largely due to increased fair value movements on shareholder assets and investment variances.  Full Article

MMI Holdings Ltd Declares Dividend
Tuesday, 10 Sep 2013 07:06pm EDT 

MMI Holdings Ltd announced that a gross final dividend of ZAR0.76 per ordinary share was declared, resulting in an annual dividend of 127 cents per share. The final dividend is payable out of income reserves to all holders of ordinary shares recorded in the register of the company at the close of business on October 4, 2013 and will be paid on October 7, 2013.  Full Article

MMI Holdings Ltd Announces Long-Term Insurance Licence Amalgamation Approved
Monday, 20 May 2013 05:46am EDT 

MMI Holdings Ltd announced that the High Court of South Africa in Pretoria has approved the amalgamation of the two main long-term insurance licences of the MMI Holdings Limited group. Duplicated licensed entities and systems (resulting from the merger) are currently being consolidated. The approval of the amalgamation of the licences on May 20, (in terms of Sections 37 and 38 of the Long-term Insurance Act) represents an important milestone towards the rationalisation of MMI Holdings' legal entities. The court approval means that the current and future long-term insurance policies of Metropolitan and Momentum will all be underwritten by the same long-term insurance licensed entity. There will be no change to the terms and conditions, or the benefits of the policies. The amalgamated licence is held by MMI Group Limited which is a wholly-owned subsidiary of MMI Holdings Limited. Policyholders will continue to deal with Metropolitan and Momentum as the client-facing brands and all the current client contact details remain unchanged.  Full Article

MMI Holdings Ltd Announces Gross Interim Dividend
Wednesday, 6 Mar 2013 01:05am EST 

MMI Holdings Ltd announced that on March 5, 2013 a gross interim dividend of 51 cents per ordinary share was declared, payable out of income reserves to all holders of ordinary shares recorded in the register of the Company at the close of business on March 28, 2013 and will be paid on April 2, 2013.  Full Article

MMI Holdings Ltd Issues H1 2013 Earnings Guidance
Wednesday, 27 Feb 2013 02:30am EST 

MMI Holdings Ltd announced that for the first half of 2013, it expects the group's statutory diluted earnings per share and diluted headline earnings per share are expected to be between ZAR0.85 and ZAR1.00 per share, an increase of between 60% and 80% on the comparative results. Diluted core headline earnings will be between ZAR0.90 and ZAR1.00 per share, an increase of between 10% and 20%.  Full Article

MMI Holdings Ltd Announces Final Dividend And Special Dividend
Wednesday, 12 Sep 2012 01:05am EDT 

MMI Holdings Ltd announced that on September 11, 2012 a gross final dividend of 69 cents per ordinary share was declared, resulting in an annual dividend of 113 cents per share. In addition, a special dividend of 65 cents per share was declared. The final dividend and the special dividend are payable out of income reserves to all holders of ordinary shares recorded in the register of the Company at the close of business on October 5, 2012 and will be paid on October 8, 2012.  Full Article

BRIEF-MMI Holdings H2 diluted core HEPS rises 13 pct

JOHANNESBURG, March 5 - MMI Holdings Ltd : * Diluted core headline earnings increased by 13 pct to R1.7 billion for the six months ended 31 December 2013 * Operating profit for the half-year increased by 27 pct to R652 million * Says interim dividend up 12 pct to 57 cents per share * Says MMI intends to issue R1.5 billion of unsubordinated debt during March 2014

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