Old Mutual Limited Suspension of Chief Executive Officer (1035A)
May 24 2019 - 02:00AM
UK Regulatory
TIDMOMU
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
BOACKQDPPBKKKPB
(END) Dow Jones Newswires
May 24, 2019 02:00 ET (06:00 GMT)
Old Mutual (LSE:OMU)
Historical Stock Chart
From Feb 2024 to Mar 2024
Old Mutual (LSE:OMU)
Historical Stock Chart
From Mar 2023 to Mar 2024