Suspension of fungibility of shaes on the ZSE
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 07/20
2 April 2020
SUSPENSION OF FUNGIBILITY OF OLD MUTUAL LIMITED SHARES ON THE ZIMBABWE STOCK EXCHANGE
Shareholders holding Old Mutual shares on the Zimbabwe Stock Exchange ("ZSE") are advised that on 15 March 2020, the Zimbabwe Minister of Finance issued the Exchange Control (Suspension of Fungibility of Certain Shares) Order, 2020 [Government Notice 583 of 2020] ("the Fungibility Suspension Order").
The Fungibility Suspension Order suspends every exchange control authority, directive or order granted by any exchange control authority allowing the fungibility of the Company's shares listed on the Zimbabwe Stock Exchange until 12 March 2021. It does not affect transactions conducted on the ZSE on or before 13 March 2020 and in respect of which settlement was due by 18 March 2020.
The Company's understanding is that the shares listed on the ZSE remain tradable subject to the limitations introduced by the Fungibility Suspension Order and the Securities and Exchange Commission of Zimbabwe's related audit of transactions. This may have a material effect on the price of the Company's securities traded on the Zimbabwe Stock Exchange.
Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities on the ZSE until a further announcement is made as may be necessary.
Sandton
Sponsors
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Johannesburg Stock Exchange |
Merrill Lynch South Africa (Pty) Limited |
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Namibia |
PSG Wealth Management (Namibia) (Proprietary) Limited |
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Zimbabwe |
Imara Capital Zimbabwe plc |
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Malawi |
Stockbrokers Malawi Limited |
Enquiries
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Investor Relations |
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Sizwe Ndlovu Head of Investor Relations |
T: +27 (0)11 217 1163 E: tndlovu6@oldmutual.com |
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Tokelo Mulaudzi |
T: +27 (0)11 217 1042 |
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Investor Relations Manager |
E: tmulaudzi3@oldmutual.com |
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Communications |
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Tabby Tsengiwe Head of Communications |
T: +27 (11) 217 1953 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 over 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 .
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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