Last checked at 24 May 2019 16:00
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 27/19
24 May 2019
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 6.2, at the Company's first AGM held on Friday, 24 May 2019.
The voting results were as follows:
ORDINARY RESOLUTIONS | TOTAL SHARES VOTED | SHARES ABSTAINED | |||
FOR (%) | AGAINST (%) | NUMBER | %* | %* | |
Ordinary Resolution 1 - Adoption of Annual Financial Statements | 89.01 | 10.99 | 3,488,824,463 | 72.21 | 0.51 |
Ordinary Resolution 2.1 - Election of Paul Baloyi as director | 94.74 | 5.26 | 3,488,823,075 | 72.21 | 0.82 |
Ordinary Resolution 2.2 - Election of Peter de Beyer as director | 99.82 | 0.18 | 3,488,824,463 | 72,21 | 0.65 |
Ordinary Resolution 2.3 - Election of Thys du Toit as director | 99.54 | 0.46 | 3,488,824,463 | 72,21 | 0.80 |
Ordinary Resolution 2.4 - Election of Albert Essien as director | 99.87 | 0.13 | 3,488,824,463 | 72,21 | 0.68 |
Ordinary Resolution 2.5 - Election of Itumeleng Kgaboesele as director | 99.03 | 0.97 | 3,488,824,463 | 72,21 | 0.78 |
Ordinary Resolution 2.6 - Election of John Lister as director | 99.82 | 0.18 | 3,488,824,463 | 72,21 | 0.80 |
Ordinary Resolution 2.7 - Election of Sizeka Magwentshu-Rensburg as director | 99.98 | 0.02 | 3,488,824,463 | 72,21 | 0.66 |
Ordinary Resolution 2.8 - Election of Trevor Manuel as director | 99.62 | 0.38 | 3,488,824,463 | 72,21 | 0.75 |
Ordinary Resolution 2.9 - Election of Nombulelo Moholi as director | 98.65 | 1.35 | 3,488,824,463 | 72,21 | 0.65 |
Ordinary Resolution 2.10 - Election of Thoko Mokgosi-Mwantembe as director | 99.22 | 0.78 | 3,488,824,463 | 72,21 | 0.92 |
Ordinary Resolution 2.11 - Election of Nosipho Molope as director | 99.90 | 0.10 | 3,488,824,463 | 72,21 | 0.78 |
Ordinary Resolution 2.12 - Election of Peter Moyo as director | WITHDRAWN | ||||
Ordinary Resolution 2.13 - Election of James Mwangi as director | 99.85 | 0.15 | 3,488,824,463 | 72,21 | 0.80 |
Ordinary Resolution 2.14 - Election of Marshall Rapiya as director | 98.61 | 1.39 | 3,488,824,463 | 72,21 | 0.90 |
Ordinary Resolution 2.15 - Election of Casper Troskie as director | 88.89 | 11.11 | 3,488,824,463 | 72,21 | 0.63 |
Ordinary Resolution 2.16 - Election of Stewart van Graan as director | 99.96 | 0.04 | 3,488,824,463 | 72,21 | 0.67 |
Ordinary Resolution 3.1 - Election of Paul Baloyi as member of the Audit Committee | 97.26 | 2.74 | 3,488,824,463 | 72,21 | 0.42 |
Ordinary Resolution 3.2 - Election of Peter de Beyer as member of the Audit Committee | 97.37 | 2.63 | 3,488,824,463 | 72,21 | 0.26 |
Ordinary Resolution 3.3 - Election of Itumeleng Kgaboesele as member of the Audit Committee | 99.06 | 0.94 | 3,488,824,463 | 72,21 | 0.78 |
Ordinary Resolution 3.4 - Election of John Lister as member of the Audit Committee | 99.94 | 0.06 | 3,488,824,463 | 72,21 | 0.27 |
Ordinary Resolution 3.5 - Election of Nosipho Molope as member of the Audit Committee | 99.96 | 0.04 | 3,488,824,463 | 72,21 | 0.78 |
Ordinary Resolution 4.1 - Re-appointment of KPMG Inc. as joint external auditor | 74.52 | 25.48 | 3,488,824,463 | 72,21 | 0.24 |
Ordinary Resolution 4.2 - Re-appointment of Deloitte & Touche as joint external auditor | 97.69 | 2.31 | 3,488,824,463 | 72,21 | 0.25 |
Ordinary Resolution 5 - General authority of the directors to allot and issue ordinary shares for cash | 80.85 | 19.15 | 3,488,824,463 | 72,21 | 0.39 |
Ordinary Resolution 6.1 - Non-binding advisory vote for approval of the Company's remuneration policy | 54.00 | 46.00 | 3,488,824,463 | 72,21 | 0.86 |
Ordinary Resolution 6.2 - Non-binding advisory vote for approval of the Company's remuneration implementation report | 30.87 | 69.13 | 3,488,824,463 | 72,21 | 0.30 |
Ordinary Resolution 7 - Authorise any director or the company secretary to implement the Ordinary Resolutions above as well as the Special Resolutions to follow | 99.66 | 0.34 | 3,488,824,463 | 72,21 | 0.66 |
Special Resolution 1 - Approval of the remuneration payable to non-executive directors | 97.21 | 2.79 | 3,488,824,463 | 72,21 | 0.66 |
Special Resolution 2 - General authority to acquire the Company's own shares | 99.72 | 0.28 | 3,488,823,075 | 72.21 | 0.39 |
Special Resolution 3 - 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 | 98.32 | 1.68 | 3,488,824,463 | 72.21 | 0.28 |
*as a percentage of total number of shares in issue (4,831,264,848) as at 17 May 2019.
With regards to the non-binding advisory resolutions, Ordinary Resolutions 6.1 and 6.2, being the Remuneration Policy and the Implementation Report, that 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 |
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 business in 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.