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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Old Mutual Limited    OMU   ZAE000255360

OLD MUTUAL LIMITED

(OMU)
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Old Mutual Limited Acquisition of securities by the PIC

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02/10/2020 | 04:50am EDT

TIDMOMU

RNS Number : 4734C

Old Mutual Limited

10 February 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 02/20

10 February 2020

ACQUISITION OF SECURITIES BY THE PUBLIC INVESTMENT CORPORATION

In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act") and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that Old Mutual has received formal notification that the Public Investment Corporation ("PIC") have, in aggregate, acquired an interest in the ordinary shares of the Company such that the total interest in the ordinary shares of the Company held by the PIC now amounts to 17.438% of the total issued ordinary shares of the Company.

As required in terms of section 122(3)(a) of the Act, Old Mutual has filed the required notice with the Takeover Regulation Panel.

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                  T: +27 (0)11 217 1163 
  Head of Investor Relations    E: tndlovu6@oldmutual.com 
 
 Communications 
 Tabby Tsengiwe                T: +27 (11) 217 1953 
  Head of Communications        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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ACQURUKRRAUUARR

Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX 0.01% 428.66 Delayed Quote.-20.27%
DOW JONES SOUTH AFRICA(ZAR) 0.00% 1513.86 Delayed Quote.-16.09%
JSE LIMITED -2.40% 117.25 End-of-day quote.-1.90%
LONDON STOCK EXCHANGE PLC 1.10% 8432 Delayed Quote.8.80%
NEXT -1.16% 4583 Delayed Quote.-34.70%
OLD MUTUAL LIMITED -3.73% 56.86 Delayed Quote.-46.10%
S&P AFRICA 40 INDEX -0.08% 139.16 Delayed Quote.-19.63%
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Financials (GBP)
Sales 2020 803 M
EBIT 2020 362 M
Net income 2020 245 M
Debt 2020 -
Yield 2020 8,47%
P/E ratio 2020 9,20x
P/E ratio 2021 5,09x
Capi. / Sales2020 3,26x
Capi. / Sales2021 0,54x
Capitalization 2 621 M
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Technical analysis trends OLD MUTUAL LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 4
Average target price 22,66 ZAR
Last Close Price 11,96 ZAR
Spread / Highest target 164%
Spread / Average Target 89,4%
Spread / Lowest Target 25,4%
EPS Revisions
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NameTitle
Iain G. Williamson Chief Executive Officer
Trevor Andrew Manuel Chairman
Heloise Van der Mescht Chief Operating Officer
Casper G. Troskie Chief Financial Officer & Director
Paul Cambo Baloyi Independent Non-Executive Director
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