TIDMOMU
RNS Number : 5401O
Old Mutual Limited
01 June 2020
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 22/20
1 June 2020
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, at the Company's AGM held on
Friday, 29 May 2020.
The voting results were as follows:
ORDINARY RESOLUTIONS TOTAL SHARES VOTED SHARES ABSTAINED
FOR (%) AGAINST NUMBER %* %*
(%)
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 1:
To receive and adopt the
consolidated audited annual
financial statements for
the Company and its subsidiaries
for the year ended 31
December 2019 100.00% 0.00% 3,292,412,078 69.92% 0.33%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 2.1:
To re-elect Paul Baloyi
as a director of the Company 83.43% 16.57% 3,303,996,176 70.17% 0.09%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 2.2:
To re-elect Peter de Beyer
as a director of the Company 97.96% 2.04% 3,303,307,871 70.16% 0.10%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 2.3:
To re-elect Albert Essien
as a director of the Company 99.46% 0.54% 3,305,220,725 70.20% 0.06%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 2.4:
To re-elect Nosipho Molope
as a director of the Company 98.84% 1.16% 3,305,134,551 70.19% 0.06%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 2.5:
To re-elect Marshall Rapiya
as a director of the Company 98.70% 1.30% 3,305,424,320 70.20% 0.06%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 3:
Confirmation of appointment
of Iain Williamson as
executive director 98.99% 1.01% 3,304,176,075 70.17% 0.08%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 4.1:
To elect Paul Baloyi as
a member of the Audit
committee 66.74% 33.26% 3,303,741,804 70.16% 0.09%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 4.2:
To elect Peter de Beyer
as a member of the Audit
committee 98.00% 2.00% 3,305,044,921 70.19% 0.06%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 4.3:
To elect Itumeleng Kgaboesele
as a member of the Audit
committee 98.62% 1.38% 3,304,914,426 70.19% 0.07%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 4.4:
To elect John Lister as
a member of the Audit
committee 98.91% 1.09% 3,305,046,654 70.19% 0.06%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 4.5:
To elect Nosipho Molope
as a member of the Audit
committee 99.84% 0.16% 3,304,906,496 70.19% 0.07%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 5.1:
To appoint Deloitte &
Touche as joint independent
auditors until the conclusion
of the next AGM of the
Company 97.20% 2.80% 3,304,491,860 70.18% 0.08%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 5.2:
To appoint KPMG Inc. as
joint independent auditors
until the conclusion of
the next AGM of the Company 68.92% 31.08% 3,303,833,258 70.17% 0.09%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 6:
To grant general authority
to the directors to allot
and issue ordinary shares
for cash 69.07% 30.93% 3,302,881,620 70.15% 0.05%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 7.1:
Non-binding advisory vote
on the Company's remuneration
policy 92.29% 7.71% 2,768,756,357 58.80% 11.45%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 7.2:
Non-binding advisory vote
on the Company's remuneration
implementation report 73.77% 26.23% 3,296,720,416 70.02% 0.24%
-------- -------- ------------------ ------- -----------------
Ordinary Resolution 8:
To authorise any director
or the Group Company Secretary
to implement the ordinary
resolutions above as well
as the special resolutions
to follow 99.95% 0.05% 3,305,066,834 70.19% 0.06%
-------- -------- ------------------ ------- -----------------
Special Resolution 1:
To approve the remuneration
payable to certain non-executive
directors 96.87% 3.13% 3,302,538,229 70.14% 0.12%
-------- -------- ------------------ ------- -----------------
Special Resolution 2:
To grant general authority
to acquire the Company's
own ordinary shares 99.43% 0.57% 3,303,247,814 70.15% 0.04%
-------- -------- ------------------ ------- -----------------
Special Resolution 3:
To approve the 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 98.01% 1.99% 3,304,934,832 70.19% 0.07%
-------- -------- ------------------ ------- -----------------
Special Resolution 4:
To amend the authorised
share capital of the Company
and the Company's MOI,
and to place unissued
preference shares under
the control of the directors 98.12% 1.88% 3,302,472,486 70.14% 0.12%
-------- -------- ------------------ ------- -----------------
*as a percentage of total number of shares in issue
4,708,553,649 as at 22 May 2020.
With regards to the non-binding advisory resolution, Ordinary
Resolution 7.2, being the Remuneration Implementation Report, which
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
Tokelo Mulaudzi T: +27 (0)11 217 1042
Investor Relations Manager E: tmulaudzi3@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
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 we have a niche business in China. With 175 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
RAGMZGGVGMDGGZM
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