OML - Dealings in Own Shares
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 03/19
22 March 2019
OLD MUTUAL SHARE REPURCHASE PROGRAMME - DEALINGS IN OWN SHARES
Old Mutual announces that between 13 March 2019 and 19 March 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 Old Mutual on 13 March 2019, as part of its up to R2 billion share repurchase programme announced on 11 March 2019.
Ordinary Shares
|
Dates of purchase |
13 March 2019 to 19 March 2019 |
|
Aggregate Number of ordinary shares purchased: |
13 395 180 |
|
Highest price paid per share (cents): |
2 236 |
|
Lowest price paid per share (cents): |
2 118 |
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 Old Mutual under the share repurchase programme Old Mutual will have 4,928,653,175 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 average price (cents per share) |
Daily aggregated volume |
|
JSE |
13 March 2019 |
2 129 |
46 500 |
|
JSE |
14 March 2019 |
2 140 |
3 228 194 |
|
JSE |
15 March 2019 |
2 154 |
3 080 981 |
|
JSE |
18 March 2019 |
2 201 |
3 473 808 |
|
JSE |
19 March 2019 |
2 210 |
3 565 697 |
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 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.
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 businesses in Latin America and 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.
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.
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