REG - Old Mutual Ltd - Result of AGM

Old MutualAnnouncement

01/06/2020 11:35

RNS Number : 5401O
  
Old Mutual Limited
  
01 June 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 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


 




Sizwe Ndlovu
Head of Investor Relations


T: +27 (0)11 217 1163 
E: tndlovu6@oldmutual.com 




 


 




Tokelo Mulaudzi


T: +27 (0)11 217 1042




Investor Relations Manager


E: tmulaudzi3@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 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. 
 


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