OUTsurance Group: Acquires Remaining Minority Shares in Subsidiary

OUTsurance Group Limited on Tuesday announced a step to simplify the corporate structure through a proposed share-for-share transaction to acquire the remaining 7.17% minority interest in OUTsurance Holdings Limited (OHL). OHL owns the groups insurance operations in South Africa, Australia and Ireland. Once implemented, the transaction will give the Outsurance Group Limited (OGL), listed on the JSE, 100% ownership of OHL and bring all participating shareholders into the listed entity. The remaining 7.17% of OHL is held by a group of 55 individuals comprising an original founder, current executives, managers and employees, together with their affiliates. Under the voluntary exchange, participating shareholders will exchange their unlisted OHL shares for newly issued, listed OGL shares on a value-for-value basis. Read: OUTsurance hails overseas operations as key growth story What is the OUTsurance OUTbonus and how does it work? OUTsurance, Shoprite, and the art of flying high in global markets OHL operates the Youi brand in Australia, offering car, home, and compulsory third-party insurance. In Ireland, under the OUTsurance brand, it sells car and home insurance. OUTsurance Group Limited share price The transaction is subject to approval by OGL shareholders at the AGM expected to be held on 24 November 2026, and will be implemented soon thereafter. Marthinus Visser, Group chief executive officer, says: “This transaction completes the simplification journey we set out in 2022 and demonstrates our continued delivery against the priorities communicated to shareholders. By bringing OHL shareholders to the listed level, we are creating a cleaner and more efficient ownership structure, simplifying reporting and reducing costs. This positions OUTsurance as a more focused group, with improved capital flexibility and a stronger platform from which to invest in and grow our core insurance businesses.” Follow us on our official channels: or create a free account . Free users can leave 4 comments per month. Subscribers can leave unlimited comments via our website and app .