Old Mutual Limited B-BBEE Certificate (4501Z)
May 17 2019 - 9:30AM
UK Regulatory
TIDMOMU
RNS Number : 4501Z
Old Mutual Limited
17 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 21/19
17 May 2019
B-BBEE CERTIFICATE
Shareholders are referred to the SENS announcement on 29 March
2019, advising shareholders of, inter alia, a consultation process
in relation to the recognition of value distributed to B-BBEE
shareholders through the unbundling of an asset in Old Mutual's
B-BBEE scorecard. This consultation process involved the
Association for Savings and Investments South Africa ("ASISA") and
the Financial Services Transformation Council ("FSTC").
Shareholders were advised that the outcome of this process would
impact the recognition of the value of assets distributed by Old
Mutual to its B-BBEE shareholders during 2018 as part of the
Managed Separation and that Old Mutual would re-issue its B-BBEE
certificate following completion of the consultation process.
Old Mutual is pleased to announce that the FSTC has now
confirmed the recognition principles in respect of the value
distributed by Old Mutual to its B-BBEE shareholders as part of
Managed Separation. In accordance with these recognition
principles, Old Mutual's deemed Black South African ownership
percentage was 22.8% as at 31 December 2018. A revised B-BBEE
certificate was issued on 30 April 2019 and is available on the
Company's website at:
www.oldmutual.co.za/about-us/transformation/black-empowerment/bee-certificates.
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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