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Results of Shareholder Voting at the Annual General Meeting (“AGM”)
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 22/20
1 June 2020
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, at the Company’s AGM held on Friday, 29 May
2020.
The voting results were as follows:
TOTAL SHARES VOTED SHARES
ORDINARY RESOLUTIONS ABSTAINED
FOR (%) AGAINST (%) NUMBER %* %*
Ordinary Resolution 1: To receive 100.00% 0.00% 3,292,412,078 69.92% 0.33%
and adopt the consolidated audited
annual financial statements for the
Company and its subsidiaries for the
year ended 31 December 2019
Ordinary Resolution 2.1: To re-elect 83.43% 16.57% 3,303,996,176 70.17% 0.09%
Paul Baloyi as a director of the
Company
Ordinary Resolution 2.2: To re-elect 97.96% 2.04% 3,303,307,871 70.16% 0.10%
Peter de Beyer as a director of the
Company
Ordinary Resolution 2.3: To re-elect 99.46% 0.54% 3,305,220,725 70.20% 0.06%
Albert Essien as a director of the
Company
Ordinary Resolution 2.4: To re-elect 98.84% 1.16% 3,305,134,551 70.19% 0.06%
Nosipho Molope as a director of the
Company
Ordinary Resolution 2.5: To re-elect 98.70% 1.30% 3,305,424,320 70.20% 0.06%
Marshall Rapiya as a director of the
Company
Ordinary Resolution 3: Confirmation 98.99% 1.01% 3,304,176,075 70.17% 0.08%
of appointment of Iain Williamson as
executive director
Ordinary Resolution 4.1: To elect 66.74% 33.26% 3,303,741,804 70.16% 0.09%
Paul Baloyi as a member of the Audit
committee
Ordinary Resolution 4.2: To elect 98.00% 2.00% 3,305,044,921 70.19% 0.06%
Peter de Beyer as a member of the
Audit committee
Ordinary Resolution 4.3: To elect 98.62% 1.38% 3,304,914,426 70.19% 0.07%
Itumeleng Kgaboesele as a member
of the Audit committee
Ordinary Resolution 4.4: To elect 98.91% 1.09% 3,305,046,654 70.19% 0.06%
John Lister as a member of the Audit
committee
Ordinary Resolution 4.5: To elect 99.84% 0.16% 3,304,906,496 70.19% 0.07%
Nosipho Molope as a member of the
Audit committee
Ordinary Resolution 5.1: To appoint 97.20% 2.80% 3,304,491,860 70.18% 0.08%
Deloitte & Touche as joint
independent auditors until the
conclusion of the next AGM of the
Company
Ordinary Resolution 5.2: To appoint 68.92% 31.08% 3,303,833,258 70.17% 0.09%
KPMG Inc. as joint independent
auditors until the conclusion of the
next AGM of the Company
Ordinary Resolution 6: To grant 69.07% 30.93% 3,302,881,620 70.15% 0.05%
general authority to the directors to
allot and issue ordinary shares for
cash
Ordinary Resolution 7.1: Non- 92.29% 7.71% 2,768,756,357 58.80% 11.45%
binding advisory vote on the
Company’s remuneration policy
Ordinary Resolution 7.2: Non- 73.77% 26.23% 3,296,720,416 70.02% 0.24%
binding advisory vote on the
Company’s remuneration
implementation report
Ordinary Resolution 8: To authorise 99.95% 0.05% 3,305,066,834 70.19% 0.06%
any director or the Group Company
Secretary to implement the ordinary
resolutions above as well as the
special resolutions to follow
Special Resolution 1: To approve the 96.87% 3.13% 3,302,538,229 70.14% 0.12%
remuneration payable to certain
non-executive directors
Special Resolution 2: To grant 99.43% 0.57% 3,303,247,814 70.15% 0.04%
general authority to acquire the
Company’s own ordinary shares
Special Resolution 3: To approve the 98.01% 1.99% 3,304,934,832 70.19% 0.07%
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
Special Resolution 4: To amend the 98.12% 1.88% 3,302,472,486 70.14% 0.12%
authorised share capital of the
Company and the Company’s MOI,
and to place unissued preference
shares under the control of the
directors
*as a percentage of total number of shares in issue 4,708,553,649 as at 22 May 2020.
With regards to the non-binding advisory resolution, Ordinary Resolutions 7.2,
being the Remuneration Implementation Report, which 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 Merrill Lynch South Africa (Pty) Limited
Exchange
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
Tokelo Mulaudzi T: +27 (0)11 217 1042
Investor Relations Manager E: tmulaudzi3@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 we have a niche business in China. With 175
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.
Date: 01-06-2020 12:30:00
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