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    OMU   ZAE000255360

OLD MUTUAL LIMITED

(OMU)
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Old Mutual : Engagement with shareholder regarding Old Mutual's Remuneration Implementation reportá(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 "Company" or "Group")

31 August 2021

Ref 20/21

ENGAGEMENT WITH SHAREHOLDERS REGARDING OLD MUTUAL'S REMUNERATION IMPLEMENTATION REPORT

Shareholders of Old Mutual are referred to the results of annual general meeting announcement released on the Stock Exchange News Service on 21 May 2021 ("Announcement").

The non-binding advisory resolutions on the endorsement of the remuneration policy and the remuneration implementation report, disclosed in the Announcement achieved 54.45% and 67.49% respectively and thus did not achieve the requisite 75% majority of votes.

In terms of the recommendations of the King IV Report on Corporate Governance for South Africa, 2016 and paragraph 3.84(k) of the JSE Limited Listings Requirements, an engagement with the dissenting shareholders is required.

Old Mutual expects that its remuneration policies and practices will mature and improve through an iterative process that will be facilitated through continuous open and transparent engagement with stakeholders. Consequently, Old Mutual invites dissenting shareholders to raise concerns or recommendations regarding the non-binding advisory resolution directly with the chairman of the remuneration committee, Mr Itumeleng Kgaboesele, by making their written submissions to the Group Company Secretary, Elsabe Kirsten, using the following email address - AGM@oldmutual.com, by no later than 17:00 on Friday, 10 September 2021 ("closing date").

For any other enquiries relating to the abovementioned resolutions, you may contact the Group Company Secretary using the email address - AGM@oldmutual.com.

Sandton

Sponsors

JSE

Merrill Lynch South Africa (Pty) Limited t/a BofA Securities

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

M: +27 (83) 500 8019

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 market 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 Asia. With over 176 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities they serve and the 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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Sales 2021 937 M 1 241 M 1 241 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 10,2x
Yield 2021 6,20%
Capitalization 2 742 M 3 625 M 3 633 M
Capi. / Sales 2021 2,93x
Capi. / Sales 2022 2,79x
Nbr of Employees 29 861
Free-Float 96,8%
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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 3
Last Close Price 12,23 ZAR
Average target price 17,33 ZAR
Spread / Average Target 41,7%
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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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