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Old Mutual Ltd - Result of AGM

RNS Number : 5401O
Old Mutual Limited
01 June 2020
 

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 22/20

1 June 2020

 

 

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, at the Company's AGM held on Friday, 29 May 2020.

 

The voting results were as follows:

 

 ORDINARY RESOLUTIONS

TOTAL SHARES VOTED

SHARES ABSTAINED

FOR (%)

AGAINST (%)

NUMBER

%*

%*

Ordinary Resolution 1: To receive and adopt the consolidated audited annual financial statements for the Company and its subsidiaries for the year ended 31 December 2019

100.00%

0.00%

     3,292,412,078

69.92%

0.33%

Ordinary Resolution 2.1: To re-elect Paul Baloyi as a director of the Company

83.43%

16.57%

     3,303,996,176

70.17%

0.09%

Ordinary Resolution 2.2: To re-elect Peter de Beyer as a director of the Company

97.96%

2.04%

     3,303,307,871

70.16%

0.10%

Ordinary Resolution 2.3: To re-elect Albert Essien as a director of the Company

99.46%

0.54%

     3,305,220,725

70.20%

0.06%

Ordinary Resolution 2.4: To re-elect Nosipho Molope as a director of the Company

98.84%

1.16%

     3,305,134,551

70.19%

0.06%

Ordinary Resolution 2.5: To re-elect Marshall Rapiya as a director of the Company

98.70%

1.30%

     3,305,424,320

70.20%

0.06%

Ordinary Resolution 3: Confirmation of appointment of Iain Williamson as executive director

98.99%

1.01%

     3,304,176,075

70.17%

0.08%

Ordinary Resolution 4.1: To elect Paul Baloyi as a member of the Audit committee

66.74%

33.26%

     3,303,741,804

70.16%

0.09%

Ordinary Resolution 4.2: To elect Peter de Beyer as a member of the Audit committee

98.00%

2.00%

     3,305,044,921

70.19%

0.06%

Ordinary Resolution 4.3: To elect Itumeleng Kgaboesele as a member of the Audit committee

98.62%

1.38%

     3,304,914,426

70.19%

0.07%

Ordinary Resolution 4.4: To elect John Lister as a member of the Audit committee

98.91%

1.09%

     3,305,046,654

70.19%

0.06%

Ordinary Resolution 4.5: To elect Nosipho Molope as a member of the Audit committee

99.84%

0.16%

     3,304,906,496

70.19%

0.07%

Ordinary Resolution 5.1: To appoint Deloitte & Touche as joint independent auditors until the conclusion of the next AGM of the Company

97.20%

2.80%

     3,304,491,860

70.18%

0.08%

Ordinary Resolution 5.2: To appoint KPMG Inc. as joint independent auditors until the conclusion of the next AGM of the Company

68.92%

31.08%

     3,303,833,258

70.17%

0.09%

Ordinary Resolution 6: To grant general authority to the directors to allot and issue ordinary shares for cash

69.07%

30.93%

     3,302,881,620

70.15%

0.05%

Ordinary Resolution 7.1: Non-binding advisory vote on the Company's remuneration policy

92.29%

7.71%

     2,768,756,357

58.80%

11.45%

Ordinary Resolution 7.2: Non-binding advisory vote on the Company's remuneration implementation report

73.77%

26.23%

     3,296,720,416

70.02%

0.24%

Ordinary Resolution 8: To authorise any director or the Group Company Secretary to implement the ordinary resolutions above as well as the special resolutions to follow

99.95%

0.05%

     3,305,066,834

70.19%

0.06%

Special Resolution 1: To approve the remuneration payable to certain non-executive directors

96.87%

3.13%

     3,302,538,229

70.14%

0.12%

Special Resolution 2: To grant general authority to acquire the Company's own ordinary shares

99.43%

0.57%

     3,303,247,814

70.15%

0.04%

Special Resolution 3: To approve the 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 

98.01%

1.99%

     3,304,934,832

70.19%

0.07%

Special Resolution 4: To amend the authorised share capital of the Company and the Company's MOI, and to place unissued preference shares under the control of the directors

98.12%

1.88%

     3,302,472,486

70.14%

0.12%

 

*as a percentage of total number of shares in issue 4,708,553,649 as at 22 May 2020.

 

With regards to the non-binding advisory resolution, Ordinary Resolution 7.2, being the Remuneration Implementation Report, which 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

 

 

Tokelo Mulaudzi

T: +27 (0)11 217 1042

Investor Relations Manager

E: tmulaudzi3@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

 

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 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.

 


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Quick facts: Old Mutual Limited

Price: 48.06

Market: LSE
Market Cap: £2.26 billion
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