Key Developments: MMI Holdings Ltd (MMIJ.J)

MMIJ.J on Johannesburg Stock Exchange

2,650.00ZAc
23 Oct 2014
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Latest Key Developments (Source: Significant Developments)

MMI Holdings Ltd declares dividend
Wednesday, 10 Sep 2014 01:05am EDT 

MMI Holdings Ltd:Declared a gross final dividend of 85 cents per ordinary share was declared, resulting in an annual dividend of 142 cents per share.In addition, a special dividend of 50 cents per share was also declared.Record date Oct. 03.Payment date Oct. 06.  Full Article

MMI Holdings Ltd gives FY 2014 earnings outlook
Thursday, 28 Aug 2014 03:15am EDT 

MMI Holdings Ltd:Expects FY 2014 diluted earnings per share and diluted headline earnings per share to be between 20 - 30 pct higher than the comparative results while diluted core headline earnings is expected to be up between 10 - 15 pct.  Full Article

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

BRIEF-MMI Holdings FY headline earnings rises 27 pct

* Total dividend (including special) up 51 pct to R3.0 billion

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