Old Mutual Limited Dealings in own shares (5623Y)
May 09 2019 - 10:30AM
UK Regulatory
TIDMOMU
RNS Number : 5623Y
Old Mutual Limited
09 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 18/19
09 May 2019
OLD MUTUAL SHARE REPURCHASE PROGRAMME - DEALINGS IN OWN
SHARES
Old Mutual announces that between 02 May 2019 and 07 May 2019 it
purchased the following number of its ordinary shares on the
Johannesburg Stock Exchange ("JSE") through RMB Morgan Stanley
(Pty) Ltd ("Repurchased Shares"). Such purchase was effected
pursuant to instructions issued by Old Mutual on 13 March 2019, as
part of its up to R2 billion share repurchase programme announced
on 11 March 2019.
Ordinary Shares
Dates of purchase 02 May 2019 to 07 May
2019
Aggregate Number of ordinary shares purchased: 7 571 593
----------------------
Highest price paid per share (cents): 2 399
----------------------
Lowest price paid per share (cents): 2 316
----------------------
Following the transactions listed above, the total repurchased
shares represent a completion of the R2 billion share repurchase
programme. The Repurchased Shares shall be cancelled as issued
shares and will revert to authorised but unissued share capital
status.
Following the shares purchased to date by Old Mutual under the
share repurchase programme Old Mutual will have 4,853,089,824
ordinary shares in issue. This figure may be used by shareholders
as the denominator for purposes of calculating their percentage
interest in Old Mutual's issued share capital, to the extent
required, for purposes of the South African Companies Act, 2008
(having regard to sections 122 and 123 thereof in particular) or
whether they are required to notify their interest in, or a change
to their interest in, Old Mutual under the FCA's Disclosure
Guidance and Transparency Rules.
Schedule of purchases - aggregate information
Trading venue Date Volume weighted Daily
average price aggregated volume
(cents per share)
JSE 02 May 2019 2 331 2 613 065
------------- ------------------- -------------------
JSE 03 May 2019 2 339 1 727 931
------------- ------------------- -------------------
JSE 06 May 2019 2 374 2 407 321
------------- ------------------- -------------------
JSE 07 May 2019 2 370 823 276
------------- ------------------- -------------------
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 (the Market Abuse Regulation), detailed information of the
individual trades made by RMB Morgan Stanley (Pty) Ltd as part of
the buyback share repurchase programme is available on
https://www.oldmutual.com/investor-relations/share-repurchase-information.
An announcement will be published in terms of the JSE Listings
Requirements when the Company has cumulatively repurchased 3% of
the securities in issue.
This announcement is also available on the Old Mutual website at
www.oldmutual.com.
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 (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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