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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.10 | 0.20% | 51.00 | 51.10 | 51.20 | 51.20 | 50.30 | 50.70 | 84,055 | 15:16:56 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Ins Agents,brokers & Service | 196.4B | 7.07B | 1.4746 | 0.35 | 2.44B |
TIDMOMU
RNS Number : 6400M
Old Mutual Limited
22 September 2021
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
LSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or "the Company")
Ref 23/21
22 September 2021
NEW FINANCIAL INSTRUMENT LISTING AND NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT 71 OF 2008 OF THE GRANTING OF FINANCIAL ASSISTANCE BY OLD MUTUAL
Shareholders of the Company are referred to the announcement released on the Stock Exchange News Service this afternoon, 22 September 2021 under the Old Mutual Life Assurance Company (South Africa) Limited ("OMLACSA") code, OLDM, advising that the JSE has granted a listing to OMLACSA of its unsecured floating rate note of R1,500,000,000 in terms of its R25,000,000,000 Multi-Issuer Note Programme ("the Programme"), as guaranteed by Old Mutual Limited, dated 4 March 2020 (the "Guarantee").
The above Guarantee constitutes financial assistance as define in section 45(1) of the Companies Act 71 of 2008 (the "Companies Act") and accordingly notice is hereby given that the board of directors of the Company (the "Board")adopted resolutions to provide financial assistance as contemplated in section 45(1) of the Companies Act, for amounts and on such terms and conditions as determined by the board, pursuant to the authorities granted in terms of the special resolution adopted by shareholders at the annual general meeting of the Company held on 21 May 2021 authorising the board of the directors of the Company to provide direct or indirect financial assistance by way of a loan, guarantee, the provision of security to any of its present or future subsidiaries and/or any other company or entity that is or becomes related or inter-related to the Company or any of its subsidiaries, and/ or to any member of such subsidiary or related or inter-related company or entity.
In accordance with section 45(3)(b) of the Companies Act, the Board advises that is satisfied and acknowledges, in respect of the financial assistance, that:
- immediately after providing such financial assistance, Old Mutual would have satisfied the solvency and liquidity test as provided in section 4 of the Companies Act; and
- the terms under which the financial assistance has been given are fair and reasonable to the Company.
Shareholders are advised that the total facility value, if utilised, will exceed 1/10th (one tenth) of 1% (one percent) of the Company's net worth as at the date of the last Board meeting, being 27 August 2021.
Sandton
Sponsors
Johannesburg Stock Exchange Merrill Lynch South Africa (Pty) Limited ta BofA Securities 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 Vuyo Mtawa M: +27 68 422 8125
Head: Group Communications E: vmtawa@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 14 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and it has a niche business in China. With over 176 years of heritage across sub-Saharan Africa, Old Mutual is 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 .
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(END) Dow Jones Newswires
September 22, 2021 09:00 ET (13:00 GMT)
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