Results of the Annual General Meeting
Summary by AI BETAClose X
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
LSE Share Code: OMU
MSE Share Code: OMU
NSX Share Code: OMM
ZSE Share Code: OMU
JSE Alpha Code: OMLI
("Old Mutual" or "the Company")
Ref 16_26
05 June 2026
RESULTS OF SHAREHOLDERS' VOTING AT THE ANNUAL GENERAL MEETING ("AGM")
Shareholders are advised that the voting results for the AGM of Old Mutual, held as an in-person meeting, and simultaneously by way of electronic participation, on Friday, 05 June 2026, were as follows:
|
RESOLUTIONS |
TOTAL SHARES VOTED |
SHARES ABSTAINED |
|||
|
|
FOR (%) |
AGAINST (%) |
NUMBER |
%* |
%* |
|
Ordinary Resolution 1.1: To re-elect James Mwangi as a director of the Company |
96,71% |
3,29% |
2 946 352 962 |
65,50% |
0,15% |
|
Ordinary Resolution 1.2: To re-elect Brian Armstrong as a director of the Company |
97,63% |
2,37% |
2 947 415 255 |
65,53% |
0,12% |
|
Ordinary Resolution 1.3: To re-elect Funke Ighodaro as a director of the Company |
97,94% |
2,06% |
2 941 416 810 |
65,39% |
0,26% |
|
Ordinary Resolution 1.4: To elect Jan-Hendrik Erasmus as a director of the Company |
99,76% |
0,24% |
2 946 787 139 |
65,51% |
0,14% |
|
Ordinary Resolution 1.5: To elect Roger Jardine as a director of the Company |
99,41% |
0,59% |
2 943 298 944 |
65,44% |
0,21% |
|
Ordinary Resolution 2.1: To elect Funke Ighodaro as a member of the Audit committee |
98,46% |
1,54% |
2 941 183 125 |
65,39% |
0,26% |
|
Ordinary Resolution 2.2: To elect Jaco Langner as a member of the Audit committee |
99,23% |
0,77% |
2 946 556 687 |
65,51% |
0,14% |
|
Ordinary Resolution 2.3: To elect John Lister as a member of the Audit committee |
98,75% |
1,25% |
2 946 327 300 |
65,50% |
0,15% |
|
Ordinary Resolution 2.4: To elect Busisiwe Silwanyana as a member of the Audit committee |
99,95% |
0,05% |
2 945 450 977 |
65,48% |
0,17% |
|
Ordinary Resolution 2.5: To elect Jan-Hendrik Erasmus as a member of the Audit committee |
99,80% |
0,20% |
2 946 947 188 |
65,52% |
0,13% |
|
Ordinary Resolution 3.1: To elect Brian Armstrong as a member of the Responsible Business committee |
98,16% |
1,84% |
2 947 021 945 |
65,52% |
0,13% |
|
Ordinary Resolution 3.2: To elect Jaco Langner as a member of the Responsible Business committee |
99,71% |
0,29% |
2 946 332 987 |
65,50% |
0,15% |
|
Ordinary Resolution 3.3: To elect Sizeka Magwentshu-Rensburg as a member of the Responsible Business committee |
99,08% |
0,92% |
2 944 895 451 |
65,47% |
0,18% |
|
Ordinary Resolution 3.4: To elect James Mwangi as a member of the Responsible Business committee |
97,91% |
2,09% |
2 945 311 258 |
65,48% |
0,17% |
|
Ordinary Resolution 3.5: To elect Jurie Strydom as a member of the Responsible Business committee |
98,49% |
1,51% |
2 949 035 572 |
65,56% |
0,09% |
|
Ordinary Resolution 4.1: To re-appoint Deloitte & Touche as joint auditors until the conclusion of the next AGM of the Company |
99,61% |
0,39% |
2 949 298 526 |
65,57% |
0,08% |
|
Ordinary Resolution 4.2: To re-appoint Ernst & Young Inc. as joint auditors until the conclusion of the next AGM of the Company |
99,56% |
0,44% |
2 949 710 088 |
65,58% |
0,07% |
|
Ordinary Resolution 5.1: Non-binding advisory vote on the Company's Remuneration Policy |
68,39% |
31,61% |
2 944 698 122 |
65,47% |
0,18% |
|
Ordinary Resolution 5.2: Non-binding advisory vote on the Company's Remuneration Implementation Report |
70,72% |
29,28% |
2 943 182 719 |
65,43% |
0,22% |
|
Ordinary Resolution 6: To grant general authority to acquire the Company's own ordinary shares |
99,93% |
0,07% |
2 875 845 327 |
63,94% |
0,04% |
|
Special Resolution 1: To approve the remuneration payable to non-executive directors |
98,39% |
1,61% |
2 943 538 077 |
65,44% |
0,21% |
|
Special Resolution 2: Financial assistance in terms of Sections 44 and 45 of the Companies Act |
99,63% |
0,37% |
2 945 934 553 |
65,49% |
0,15% |
*as a percentage of total number of shares in issue as at 29 May 2026 being 4 522 338 335
The Ordinary Resolutions for approval of the Remuneration Policy and Remuneration Implementation Report each received support from a majority of shareholders. However, neither achieved the 75% shareholder support threshold applicable under the non-binding advisory voting framework in place at the time of distribution of the Notice of AGM. Consequently the board of directors of Old Mutual, through its Remuneration Committee, will engage with shareholders to better understand concerns raised. The Company notes that both the Remuneration Policy (at 68,39%) and Remuneration Implementation Report (at 70,72%) received shareholder support in excess of the threshold required for approval by ordinary resolution under the Companies Amendment Act 16 of 2024.
Further details will be announced on the Stock Exchange News Service of the JSE Limited in due course regarding an invitation to dissenting shareholders to engage with Old Mutual and the manner and timing of such engagement.
This announcement is also available on the Old Mutual website at www.oldmutual.com.
Sandton
Sponsors
JSE equity sponsor: Tamela Holdings (Proprietary) Limited
JSE debt sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
NSX: PSG Wealth Management (Namibia) (Proprietary) Limited
ZSE: Imara Capital Zimbabwe plc
MSE: Stockbrokers Malawi Limited
Enquiries
Investor Relations
Langa Manqele
M: +27 (0)82 295 9840
E: investorrelations@oldmutual.com
Communications
Wendy Tlou
M: +27 (0)82 906 5008
E: oldmutualnews@oldmutual.com
About Old Mutual
Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 12 countries. Old Mutual's primary operations are in Africa and it has a niche business in China. With over 181 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities it serves as well as 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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