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Share Name Share Symbol Market Type Share ISIN Share Description
Old Mutual Limited LSE:OMU London Ordinary Share ZAE000255360 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.52p +1.29% 119.42p 119.24p 119.40p 120.64p 118.20p 120.64p 218,627 09:20:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Old Mutual Limited AGM Statement

24/05/2019 4:00pm

UK Regulatory (RNS & others)


Old Mutual (LSE:OMU)
Historical Stock Chart

2 Months : From Apr 2019 to Jun 2019

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TIDMOMU

RNS Number : 1883A

Old Mutual Limited

24 May 2019

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "the Company")

Ref 27/19

24 May 2019

RESULTS OF SHAREHOLDER VOTING AT THE ANNUAL GENERAL MEETING ("AGM")

Shareholders are advised that the ordinary and special resolutions proposed in the notice to shareholders dated April 2019, were passed by the requisite majority of votes of shareholders present in person or represented by proxy, with the exception of Ordinary Resolution 6.2, at the Company's first AGM held on Friday, 24 May 2019.

The voting results were as follows:

 
 ORDINARY RESOLUTIONS                                    TOTAL SHARES VOTED               SHARES ABSTAINED 
                                              FOR (%)   AGAINST      NUMBER        %*            %* 
                                                          (%) 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 1 
  - Adoption of Annual Financial 
  Statements                                   89.01     10.99    3,488,824,463   72.21         0.51 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.1 
  - Election of Paul Baloyi 
  as director                                  94.74     5.26     3,488,823,075   72.21         0.82 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.2 
  - Election of Peter de 
  Beyer as director                            99.82     0.18     3,488,824,463   72,21         0.65 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.3 
  - Election of Thys du 
  Toit as director                             99.54     0.46     3,488,824,463   72,21         0.80 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.4 
  - Election of Albert Essien 
  as director                                  99.87     0.13     3,488,824,463   72,21         0.68 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.5 
  - Election of Itumeleng 
  Kgaboesele as director                       99.03     0.97     3,488,824,463   72,21         0.78 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.6 
  - Election of John Lister 
  as director                                  99.82     0.18     3,488,824,463   72,21         0.80 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.7 
  - Election of Sizeka Magwentshu-Rensburg 
  as director                                  99.98     0.02     3,488,824,463   72,21         0.66 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.8 
  - Election of Trevor Manuel 
  as director                                  99.62     0.38     3,488,824,463   72,21         0.75 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.9 
  - Election of Nombulelo 
  Moholi as director                           98.65     1.35     3,488,824,463   72,21         0.65 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.10 
  - Election of Thoko Mokgosi-Mwantembe 
  as director                                  99.22     0.78     3,488,824,463   72,21         0.92 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.11 
  - Election of Nosipho 
  Molope as director                           99.90     0.10     3,488,824,463   72,21         0.78 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.12                                              WITHDRAWN 
  - Election of Peter Moyo 
  as director 
                                             ------------------------------------------------------------- 
 Ordinary Resolution 2.13 
  - Election of James Mwangi 
  as director                                  99.85     0.15     3,488,824,463   72,21         0.80 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.14 
  - Election of Marshall 
  Rapiya as director                           98.61     1.39     3,488,824,463   72,21         0.90 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.15 
  - Election of Casper Troskie 
  as director                                  88.89     11.11    3,488,824,463   72,21         0.63 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 2.16 
  - Election of Stewart 
  van Graan as director                        99.96     0.04     3,488,824,463   72,21         0.67 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 3.1 
  - Election of Paul Baloyi 
  as member of the Audit 
  Committee                                    97.26     2.74     3,488,824,463   72,21         0.42 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 3.2 
  - Election of Peter de 
  Beyer as member of the 
  Audit Committee                              97.37     2.63     3,488,824,463   72,21         0.26 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 3.3 
  - Election of Itumeleng 
  Kgaboesele as member of 
  the Audit Committee                          99.06     0.94     3,488,824,463   72,21         0.78 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 3.4 
  - Election of John Lister 
  as member of the Audit 
  Committee                                    99.94     0.06     3,488,824,463   72,21         0.27 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 3.5 
  - Election of Nosipho 
  Molope as member of the 
  Audit Committee                              99.96     0.04     3,488,824,463   72,21         0.78 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 4.1 
  - Re-appointment of KPMG 
  Inc. as joint external 
  auditor                                      74.52     25.48    3,488,824,463   72,21         0.24 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 4.2 
  - Re-appointment of Deloitte 
  & Touche as joint external 
  auditor                                      97.69     2.31     3,488,824,463   72,21         0.25 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 5 
  - General authority of 
  the directors to allot 
  and issue ordinary shares 
  for cash                                     80.85     19.15    3,488,824,463   72,21         0.39 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 6.1 
  - Non-binding advisory 
  vote for approval of the 
  Company's remuneration 
  policy                                       54.00     46.00    3,488,824,463   72,21         0.86 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 6.2 
  - Non-binding advisory 
  vote for approval of the 
  Company's remuneration 
  implementation report                        30.87     69.13    3,488,824,463   72,21         0.30 
                                             --------  --------  --------------  ------  ----------------- 
 Ordinary Resolution 7 
  - Authorise any director 
  or the company secretary 
  to implement the Ordinary 
  Resolutions above as well 
  as the Special Resolutions 
  to follow                                    99.66     0.34     3,488,824,463   72,21         0.66 
                                             --------  --------  --------------  ------  ----------------- 
 Special Resolution 1 - 
  Approval of the remuneration 
  payable to non-executive 
  directors                                    97.21     2.79     3,488,824,463   72,21         0.66 
                                             --------  --------  --------------  ------  ----------------- 
 Special Resolution 2 - 
  General authority to acquire 
  the Company's own shares                     99.72     0.28     3,488,823,075   72.21         0.39 
                                             --------  --------  --------------  ------  ----------------- 
 Special Resolution 3 - 
  Provision of financial 
  assistance to subsidiaries 
  and other related and 
  inter-related entities 
  and to directors, prescribed 
  officers and other persons 
  participating in share 
  or other employee incentive 
  schemes                                      98.32     1.68     3,488,824,463   72.21         0.28 
                                             --------  --------  --------------  ------  ----------------- 
 

*as a percentage of total number of shares in issue (4,831,264,848) as at 17 May 2019.

With regards to the non-binding advisory resolutions, Ordinary Resolutions 6.1 and 6.2, being the Remuneration Policy and the Implementation Report, that received less than the required 75% of votes, Old Mutual will directly engage with shareholders, the timing of which will be advised to shareholders in due course.

Sandton

Sponsors

 
 Johannesburg Stock Exchange   Merrill Lynch South Africa (Pty) Limited 
 Namibia                       PSG Wealth Management (Namibia) (Proprietary) 
                                Limited 
 Zimbabwe                      Imara Capital Zimbabwe plc 
 Malawi                        Stockbrokers Malawi Limited 
 

Enquiries

 
 Investor Relations 
 Sizwe Ndlovu                  T: +27 (0)11 217 1163 
  Head of Investor Relations    E: tndlovu6@oldmutual.com 
 Communications 
 Tabby Tsengiwe                T: +27 (11) 217 1953 
  Head of Communications        M: +27 (0)60 547 4947 
                                E: ttsengiwe@oldmutual.com 
 

Notes to Editors

About Old Mutual Limited

Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets segments in 17 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and it has niche business in Asia. With over 170 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent.

For further information on Old Mutual, and its underlying businesses, please visit the corporate website at www.oldmutual.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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