Last checked at 1 Jun 2020 11:30
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 |
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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 |
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 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.