TIDMOMU

RNS Number : 9728M

Old Mutual Limited

19 September 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 40/19

19 September 2019

OLD MUTUAL SHARE REPURCHASE PROGRAMME - DEALINGS IN OWN SHARES

Old Mutual announces that between 12 September and 18 September 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 the Company on 4 September 2019 , as part of its up to R2.4 billion share repurchase programme announced on 2 September 2019.

Ordinary Shares

 
 Dates of purchase                        12 September - 18 September 
                                                                 2019 
 Aggregate Number of ordinary shares 
  purchased:                                               29 277 070 
                                         ---------------------------- 
 Highest price paid per share (cents):                          2 050 
                                         ---------------------------- 
 Lowest price paid per share (cents):                           1 933 
                                         ---------------------------- 
 

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 the Company under the share repurchase programme Old Mutual will have 4,771,652,117 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) 
                  12 September 
 JSE               2019                        1 964            5 480 500 
                 --------------  -------------------  ------------------- 
                  13 September 
 JSE               2019                        2 008            5 407 764 
                 --------------  -------------------  ------------------- 
                  16 September 
 JSE               2019                        2 016            5 841 531 
                 --------------  -------------------  ------------------- 
                  17 September 
 JSE               2019                        2 009            6 175 841 
                 --------------  -------------------  ------------------- 
                  18 September 
 JSE               2019                        2 000            6 371 434 
                 --------------  -------------------  ------------------- 
 

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.

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 (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

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 it has a niche business in China. With over 174 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

MSCLIFEAATIALIA

(END) Dow Jones Newswires

September 19, 2019 06:30 ET (10:30 GMT)

Old Mutual (LSE:OMU)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Old Mutual Charts.
Old Mutual (LSE:OMU)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Old Mutual Charts.