TIDMOMU
RNS Number : 1883A
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 27/19
24 May 2019
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 6.2, at the Company's first AGM
held on Friday, 24 May 2019.
The voting results were as follows:
ORDINARY RESOLUTIONS TOTAL SHARES VOTED SHARES ABSTAINED
FOR (%) AGAINST NUMBER %* %*
(%)
-------- -------- -------------- ------ -----------------
Ordinary Resolution 1
- Adoption of Annual Financial
Statements 89.01 10.99 3,488,824,463 72.21 0.51
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.1
- Election of Paul Baloyi
as director 94.74 5.26 3,488,823,075 72.21 0.82
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.2
- Election of Peter de
Beyer as director 99.82 0.18 3,488,824,463 72,21 0.65
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.3
- Election of Thys du
Toit as director 99.54 0.46 3,488,824,463 72,21 0.80
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.4
- Election of Albert Essien
as director 99.87 0.13 3,488,824,463 72,21 0.68
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.5
- Election of Itumeleng
Kgaboesele as director 99.03 0.97 3,488,824,463 72,21 0.78
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.6
- Election of John Lister
as director 99.82 0.18 3,488,824,463 72,21 0.80
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.7
- Election of Sizeka Magwentshu-Rensburg
as director 99.98 0.02 3,488,824,463 72,21 0.66
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.8
- Election of Trevor Manuel
as director 99.62 0.38 3,488,824,463 72,21 0.75
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.9
- Election of Nombulelo
Moholi as director 98.65 1.35 3,488,824,463 72,21 0.65
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.10
- Election of Thoko Mokgosi-Mwantembe
as director 99.22 0.78 3,488,824,463 72,21 0.92
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.11
- Election of Nosipho
Molope as director 99.90 0.10 3,488,824,463 72,21 0.78
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.12 WITHDRAWN
- Election of Peter Moyo
as director
-------------------------------------------------------------
Ordinary Resolution 2.13
- Election of James Mwangi
as director 99.85 0.15 3,488,824,463 72,21 0.80
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.14
- Election of Marshall
Rapiya as director 98.61 1.39 3,488,824,463 72,21 0.90
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.15
- Election of Casper Troskie
as director 88.89 11.11 3,488,824,463 72,21 0.63
-------- -------- -------------- ------ -----------------
Ordinary Resolution 2.16
- Election of Stewart
van Graan as director 99.96 0.04 3,488,824,463 72,21 0.67
-------- -------- -------------- ------ -----------------
Ordinary Resolution 3.1
- Election of Paul Baloyi
as member of the Audit
Committee 97.26 2.74 3,488,824,463 72,21 0.42
-------- -------- -------------- ------ -----------------
Ordinary Resolution 3.2
- Election of Peter de
Beyer as member of the
Audit Committee 97.37 2.63 3,488,824,463 72,21 0.26
-------- -------- -------------- ------ -----------------
Ordinary Resolution 3.3
- Election of Itumeleng
Kgaboesele as member of
the Audit Committee 99.06 0.94 3,488,824,463 72,21 0.78
-------- -------- -------------- ------ -----------------
Ordinary Resolution 3.4
- Election of John Lister
as member of the Audit
Committee 99.94 0.06 3,488,824,463 72,21 0.27
-------- -------- -------------- ------ -----------------
Ordinary Resolution 3.5
- Election of Nosipho
Molope as member of the
Audit Committee 99.96 0.04 3,488,824,463 72,21 0.78
-------- -------- -------------- ------ -----------------
Ordinary Resolution 4.1
- Re-appointment of KPMG
Inc. as joint external
auditor 74.52 25.48 3,488,824,463 72,21 0.24
-------- -------- -------------- ------ -----------------
Ordinary Resolution 4.2
- Re-appointment of Deloitte
& Touche as joint external
auditor 97.69 2.31 3,488,824,463 72,21 0.25
-------- -------- -------------- ------ -----------------
Ordinary Resolution 5
- General authority of
the directors to allot
and issue ordinary shares
for cash 80.85 19.15 3,488,824,463 72,21 0.39
-------- -------- -------------- ------ -----------------
Ordinary Resolution 6.1
- Non-binding advisory
vote for approval of the
Company's remuneration
policy 54.00 46.00 3,488,824,463 72,21 0.86
-------- -------- -------------- ------ -----------------
Ordinary Resolution 6.2
- Non-binding advisory
vote for approval of the
Company's remuneration
implementation report 30.87 69.13 3,488,824,463 72,21 0.30
-------- -------- -------------- ------ -----------------
Ordinary Resolution 7
- Authorise any director
or the company secretary
to implement the Ordinary
Resolutions above as well
as the Special Resolutions
to follow 99.66 0.34 3,488,824,463 72,21 0.66
-------- -------- -------------- ------ -----------------
Special Resolution 1 -
Approval of the remuneration
payable to non-executive
directors 97.21 2.79 3,488,824,463 72,21 0.66
-------- -------- -------------- ------ -----------------
Special Resolution 2 -
General authority to acquire
the Company's own shares 99.72 0.28 3,488,823,075 72.21 0.39
-------- -------- -------------- ------ -----------------
Special Resolution 3 -
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 98.32 1.68 3,488,824,463 72.21 0.28
-------- -------- -------------- ------ -----------------
*as a percentage of total number of shares in issue
(4,831,264,848) as at 17 May 2019.
With regards to the non-binding advisory resolutions, Ordinary
Resolutions 6.1 and 6.2, being the Remuneration Policy and the
Implementation Report, that 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
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.
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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
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END
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