12 Sep 2019 14:30
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 37/19
12 September 2019
OLD MUTUAL SHARE REPURCHASE PROGRAMME - DEALINGS IN OWN SHARES
Old Mutual announces that between 4 September and 11 September 2019 it purchased the following number of its ordinary shares on the Johannesburg Stock Exchange ("JSE") through RMB Morgan Stanley (Pty) Ltd ("Repurchased Shares"). Such purchase was effected pursuant to instructions issued by Old Mutual on 4 September 2019 , as part of its up to R2.4 billion share repurchase programme announced on 2 September 2019.
Ordinary Shares
Dates of purchase | 4 September - 11 September 2019 |
Aggregate Number of ordinary shares purchased: | 30 335 661 |
Highest price paid per share (cents): | 1 949 |
Lowest price paid per share (cents): | 1 740 |
The Repurchased Shares shall be cancelled as issued shares and will revert to authorised but unissued share capital status. Following the shares purchased to date by Old Mutual under the share repurchase programme Old Mutual will have 4,800,929,187 ordinary shares in issue. This figure may be used by shareholders as the denominator for purposes of calculating their percentage interest in Old Mutual's issued share capital, to the extent required, for purposes of the South African Companies Act, 2008 (having regard to sections 122 and 123 thereof in particular) or whether they are required to notify their interest in, or a change to their interest in, Old Mutual under the FCA's Disclosure Guidance and Transparency Rules.
Schedule of purchases - aggregate information
Trading venue | Date | Volume weighted average price (cents per share) | Daily aggregated volume |
JSE | 4 September 2019 | 1 767 | 4 909 947 |
JSE | 5 September 2019 | 1 825 | 4 998 345 |
JSE | 6 September 2019 | 1 835 | 5 066 436 |
JSE | 9 September 2019 | 1 854 | 4 863 567 |
JSE | 10 September 2019 | 1 865 | 5 178 503 |
JSE | 11 September 2019 | 1 926 | 5 318 863 |
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), detailed information of the individual trades made by RMB Morgan Stanley (Pty) Ltd as part of the buyback share repurchase programme is available on https://www.oldmutual.com/investor-relations/share-repurchase-information.
An announcement will be published in terms of the JSE Listings Requirements when the Company has cumulatively repurchased 3% of the securities in issue.
This announcement is also available on the Old Mutual website at www.oldmutual.com.
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 (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
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 it has a niche business in China. With over 174 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.
Old Mutual Lim. (OMU)