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Background Information
Channel Life Limited is a non-listed, public company. Its main line of business entails the underwriting of life insurance products, with a focus on the lower income sector of the market. However, it also markets niche investment-related products to the affluent market and group-based products to the corporate market.
The company, which has been trading as Anchor Life since the late nineteen sixties, was acquired by the listed PSG Group on 1 January 1997. Its name was changed to Channel Life early in 2001, which also marked the beginning of a strong growth phase for the company. Today, Channel Life is a 62.4% subsidiary of Sanlam and could best be described as a fast-growing, mid-sized life office aiming to play a meaningful role in the developing market of South Africa.
To view Channel Life's share trading history and more information on the company, please click here and our share trading platform will be displayed.
Share Trading
Shares are available for trading as and when they are released by existing shareholders.
Channel Life manages the share platform and allocation of shares. Trading can take place in one of two ways, being -
- If you are an existing PSG Konsult client and registered for on-line trading, you can help yourself by visiting www.psg-online.co.za. It is as simple as to click on "Trade Unlisted ", choose "Channel Life" and follow the trading procedures. If you need assistance, there is a Help Line contact number available on the Internet site. If you are not currently a registered client, simply contact Johan Nothling or Richard Bougard on (021) 915 00 00 to go through the process of getting registered for on-line trading.
- Alternatively (for those not wishing to trade on the website), you may trade manually via telephone/e-mail by contacting PSG Konsult's offices. They will gladly assist you with more information on Channel Life, current prices and stock availability, as well as the trading procedures. You will go through the following process:
1.Complete the required FICA information in the Particulars Schedule and fax it through to the allocated number on the form.
2. Familiarise yourself with the content of the Procedure for Trading document, sign and fax it through. When downloading, please note that the document may take a minute ot two to download.
3. Deposit the relevant funds into the allocated bank account to start trading.
4. Phone Johan Nothling or Richard Bougard on (021) 915 00 00 for more information and to finalise the registration process.
5. Should you wish to sell shares at a later stage, you complete the Instruction to Sell Afrikaans or English document.
The shareholders, will be making shares available from time to time based on demand. Maximum holdings will purely depend on availability.
Company Information
Information on the financial performance of Channel will be made available on the Channel Life share trading website. Please click here to go to the Channel Life share trading website.
Dealing Costs
Buyers of Channel shares need to be aware that dealing charges will be payable to PSG Konsult, irrespective of whether shares are bought directly from the website or via one of their offices. Dealing charges, on-line fees and share trading costs will be made available by PSG Konsult.
Cautionary
Potential investors in Channel are reminded of the risks associated with making an investment in shares. There are no guarantees regarding the future performance of the company, and with it the performance of the shares. Channel's share price will fluctuate from time to time.
We thank you for your support and look forward to strengthening our business relationship into the future.
Lennie Louw
CEO
Channel Life Limited
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