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    OMU   ZAE000255360

OLD MUTUAL LIMITED

(OMU)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 11/30
12.15 ZAR   -2.49%
11/24OLD MUTUAL : Presentation pdf
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Old Mutual : Change in Directorateá(NaN)

08/31/2021 | 12:32pm EST

Old Mutual Limited

Incorporated in the Republic of South Africa Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

LSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "the Company")

Ref 21/21

31 August 2021

CHANGE IN DIRECTORATE

In compliance with rule 3.59 of the JSE Listings Requirements, the board of directors of Old Mutual (Board) is pleased to announce that Ms Funke Ighodaro has, in terms of the Board's succession plan, been appointed as Chairperson of Old Mutual's Audit Committee, effective 1 November 2021.

Ms Nosipho Molope, the current chairperson of the Audit Committee, will have served on the Board for 9 consecutive years on 31 October 2021 and will, to ensure an orderly transfer of the role, remain on the Board and its relevant subcommittees (including the Audit Committee) until the next AGM in May 2022.

The Board wishes to thank Ms Molope for her sterling leadership of the Audit Committee and contribution to the Group, and congratulates Ms Ighodaro in respect of her succession to the role, which was confirmed by the Board at its meeting on 27 August 2021.

Ms Ighodaro is a Fellow of the Institute of chartered Accountants in England and Wales (ICAEW) and is an accredited member of the South African Institute of Chartered Accountants (SAICA). She is a former CFO of Tiger Brands Limited and Primedia Limited, and previously served as executive director of Barloworld Limited and 9mobile (Nigeria's fourth largest Telco). She founded and led the private equity business of the Kagiso Trust Investment Group.

She is currently the audit and risk committee chair of Massmart Holdings Limited and serves as independent non-executive director of Telkom SOC Limited, Sabvest Capital Limited and Ascential Plc, where she is also a member of the audit and remuneration committees. Previously Ms Ighodaro served as audit and risk committee chair of Transaction Capital Limited and has also served as independent non-executive director and audit and risk committee member of Datatec Limited and as an independent member of the Cell C investment committee.

Sandton

Sponsors

Johannesburg Stock

Merrill Lynch South Africa (Pty) Limited ta BofA Securities

Exchange

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

Vuyo Mtawa

M: +27 68 422 8125

Head: Group Communications

E: vmtawa@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 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 176 years of heritage across sub-Saharan Africa, Old Mutual is 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.

Disclaimer

Old Mutual Ltd. published this content on 31 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2021 16:31:10 UTC.


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Financials
Sales 2021 906 M 1 205 M 1 205 M
Net income 2021 275 M 366 M 366 M
Net cash 2021 763 M 1 014 M 1 014 M
P/E ratio 2021 9,00x
Yield 2021 6,66%
Capitalization 2 709 M 3 571 M 3 603 M
EV / Sales 2021 2,15x
EV / Sales 2022 2,01x
Nbr of Employees 29 861
Free-Float 96,8%
Chart OLD MUTUAL LIMITED
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Technical analysis trends OLD MUTUAL LIMITED
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 12,15 ZAR
Average target price 17,33 ZAR
Spread / Average Target 42,7%
EPS Revisions
Managers and Directors
Iain George Williamson Chief Executive Officer & Executive Director
Casper G. Troskie Chief Financial Officer & Director
Trevor Andrew Manuel Chairman
Heloise Van der Mescht Chief Operating Officer
Gcinikhaya Loyiso Gobodo Managing Director-Wealth & Investments
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