Old Mutual Limited OML Changes to Responsibilities of a Director (9550U)
April 03 2019 - 2:15AM
UK Regulatory
TIDMOMU
RNS Number : 9550U
Old Mutual Limited
03 April 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 10/19
3 April 2019
CHANGE IN RESPONSIBILITIES OF A DIRECTOR
In compliance with paragraph 3.59 of the JSE Listing
Requirements, the Board of Old Mutual has considered an arms-length
transaction by Ms. T M Mokgosi-Mwantembe in her personal capacity
and, given the nature of the transaction, have resolved that Ms.
Mokgosi-Mwantembe can no longer be classified as an independent
Director on the Old Mutual Limited Board. Ms. Mokgosi-Mwantembe has
therefore stepped down as Remuneration Committee Chairperson and
the Board has appointed Ms. N T Moholi as member of the
Remuneration Committee as well as its Chairperson. To allow Ms.
Moholi sufficient time to discharge this role, she has stepped down
as Technology and Platforms Committee Chairperson with Mr. S van
Graan assuming that role. These changes are effective
immediately.
The Chairman of the Board, Mr. T A Manuel, would like to thank
Ms. Mokgosi-Mwantembe for her significant contribution as
Remuneration Committee Chairperson, especially steering the
Committee during the period of Managed Separation, where the
Committee was instrumental in providing the Board with guidance and
direction in respect of the Remuneration Philosophy and Policy for
the newly listed entity. The Chairman further congratulated Ms.
Moholi and Mr. van Graan on their new roles.
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 businesses in Latin America and 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.
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END
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