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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
  +0.02p +0.02% 115.36p 115.36p 115.44p 115.76p 115.00p 115.00p 394,744 11:46:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Old Mutual Limited Suspension of Chief Executive Officer

24/05/2019 7:00am

UK Regulatory (RNS & others)


Old Mutual (LSE:OMU)
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RNS Number : 1035A

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 24/19

24 May 2019

SUSPENSION OF CHIEF EXECUTIVE OFFICER OF OLD MUTUAL LIMITED ("OML")

Shareholders are advised that the Board has had various engagements with Mr Peter Moyo, the OML and Old Mutual Life Assurance Company Limited (OMLACSA) Chief Executive Officer. These engagements have caused the Board to conclude that there has been a material breakdown in trust and confidence between him and the Board.

As a result, the Board has suspended the Chief Executive Officer with immediate effect.

Iain Williamson, Chief Operating Officer will assume the role of acting Chief Executive Officer.

Sponsors

 
 JSE        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 a 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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May 24, 2019 02:00 ET (06:00 GMT)

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