REG - Old Mutual Ltd - Old Mutual Share Repurchase programme

Old MutualAnnouncement

26/10/2023 16:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231026:nRSZ4470Ra&default-theme=true

RNS Number : 4470R  Old Mutual Limited  26 October 2023

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")

 

Ref 54/23

 

26 October 2023

 

OLD MUTUAL SHARE REPURCHASE PROGRAMME

 

Shareholders are referred to Old Mutual's SENS announcement dated 30 May 2023,
wherein the company announced that it will commence with a Share Repurchase
Programme.

 

Old Mutual wishes to confirm that this Share Repurchase Programme was
concluded on 16 October 2023, during which time 122,974,063 Old Mutual shares
were repurchased. As at today's date the issued share capital of the company
is 4,790,906,428.

 

The Share Repurchase Programme was designed with the intention to efficiently
unlock long-term incremental value for shareholders. It remained within the
percentage (3.5% of issued share capital) approved by shareholders at the
Annual General Meeting in May 2023 as well as the value (R1.5 billion) as
communicated to shareholders in our SENS announcement dated 14 March 2023.

 

This announcement is also available on the Old Mutual website at
www.oldmutual.com.

 

Sandton

 

Sponsors

 JSE       Merrill Lynch South Africa (Proprietary) Limited t/a BofA Securities
 Malawi    Stockbrokers Malawi Limited
 Namibia   PSG Wealth Management (Namibia) (Proprietary) Limited
 Zimbabwe  Imara Capital Zimbabwe plc

 

Enquiries

 Investor Relations:

 Langa Manqele        M: +27 (0)82 295 9840

                      E: investorrelations@oldmutual.com (mailto:tndlovu6@oldmutual.com)
 Communications:

 Tabby Tsengiwe       M: +27 (0)60 547 4947

                      E: oldmutualnews@oldmutual.com (mailto:oldmutualnews@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
Africa, and it has a niche business in China. With over 178 years of heritage
across sub-Saharan Africa, Old Mutual is a crucial part of the communities it
serves as well as broader society on the continent. For further information on
Old Mutual Limited and its underlying businesses, please visit the corporate
website at www.oldmutual.com (http://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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSUNVOROKURUAA