AGM Statement

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 - Election of Peter Moyo as director

WITHDRAWN

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

Head of Investor Relations

T: +27 (0)11 217 1163

E: tndlovu6@oldmutual.com

Communications


Tabby Tsengiwe

Head of Communications

T: +27 (11) 217 1953

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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