Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
MSE Share Code: OMU
NSX Share Code: OMM
ZSE Share Code: OMU
("Old Mutual" or "the Company")
Ref 16/22
27 May 2022
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 26 April 2022, were passed by the requisite majority of votes of shareholders present in person or represented by proxy at the Company's AGM held on Friday, 27 May 2022.
The voting results were as follows:
| ORDINARY RESOLUTIONS | TOTAL SHARES VOTED | SHARES ABSTAINED | ||||
| FOR (%) | AGAINST (%) | NUMBER | %* | %* | ||
| Ordinary Resolution 1.1 - To re-elect John Lister as a director of the Company | 98.50% | 1.50% | 2 964 696 131 | 62.96% | 0.14% | |
| Ordinary Resolution 1.2 - To re-elect Sizeka Magwentshu-Rensburg as a director of the Company | 99.09% | 0.91% | 2 964 411 467 | 62.96% | 0.15% | |
| Ordinary Resolution 1.3 - To re-elect Thoko Mokgosi-Mwantembe as a director of the Company | 77.84% | 22.16% | 2 964 213 273 | 62.95% | 0.15% | |
| Ordinary Resolution 1.4 - To re-elect Marshall Rapiya as a director of the Company | 97.02% | 2.98% | 2 868 599 522 | 60.92% | 2.18% | |
| Ordinary Resolution 2.1 - To elect Olufunke Ighodaro as a member of the Audit committee | 79.82% | 20.18% | 2 963 907 707 | 62.95% | 0.16% | |
| Ordinary Resolution 2.2 - To elect Itumeleng Kgaboesele as a member of the Audit committee | 98.09% | 1.91% | 2 964 096 986 | 62.95% | 0.15% | |
| Ordinary Resolution 2.3 - To elect Jaco Langner as a member of the Audit committee | 99.94% | 0.06% | 2 964 194 681 | 62.95% | 0.15% | |
| Ordinary Resolution 2.4 - To elect John Lister as a member of the Audit committee | 98.85% | 1.15% | 2 964 841 091 | 62.97% | 0.14% | |
| Ordinary Resolution 2.5 - To elect Nomkhita Nqweni as a member of the Audit committee | 98.32% | 1.68% | 2 964 308 247 | 62.96% | 0.15% | |
| Ordinary Resolution 3.1 - To re-appoint Deloitte & Touche as joint independent auditors until the conclusion of the next AGM of the company | 98.34% | 1.66% | 2 962 452 707 | 62.92% | 0.19% | |
| Ordinary Resolution 3.2 - To appoint Ernst & Young as joint independent auditors until the conclusion of the next AGM of the Company | 99.94% | 0.06% | 2 964 559 289 | 62.96% | 0.14% | |
| Ordinary Resolution 4.1 - Non-binding advisory vote on the Company's Remuneration Policy | 97.20% | 2.80% | 2 962 516 654 | 62.92% | 0.19% | |
| Ordinary Resolution 4.2 - Non-binding advisory vote on the Company's Remuneration Implementation Report | 95.82% | 4.18% | 2 962 434 833 | 62.92% | 0.19% | |
| Ordinary Resolution 5 - General authority in respect of an issue of ordinary shares for cash | 95.30% | 4.70% | 2 936 114 676 | 62.36% | 0.13% | |
| Special Resolution 1 - To approve the remuneration payable to non-executive directors | 97.97% | 2.03% | 2 962 241 141 | 62.91% | 0.19% | |
| Special Resolution 2 - To grant general authority to acquire the Company's own ordinary shares | 97.86% | 2.14% | 2 935 752 206 | 62.35% |
| |
| Special Resolution 3 - To approve the provisions 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 | 95.55% | 4.45% | 2 963 712 800 | 62.94% | 0.16% | |
*as a percentage of total number of shares in issue as at 20 May 2022 being 4,708,553,649.
Sandton
Sponsors
| Johannesburg Stock Exchange | Merrill Lynch South Africa (Pty) Limited ta BofA Securities |
| Malawi Stock Exchange | Stockbrokers Malawi Limited |
| Namibia Stock Exchange | PSG Wealth Management (Namibia) (Proprietary) Limited |
| Zimbabwe Stock Exchange | Imara Capital Zimbabwe plc |
Enquiries
| 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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| Communications | |
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| Vuyo Mtawa | M: +27 68 422 8125 | ||
| Head: Group Communications | E: vmtawa@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 market segments in 14 countries. Old Mutual's primary operations are in South Africa and the Rest of Africa and it has a niche business in Asia. With 177 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities they serve and the 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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