REG - Old Mutual Ltd - Results of the Annual General Meeting

Old MutualAnnouncement

05/06/2026 14:00

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RNS Number : 2500H  Old Mutual Limited  05 June 2026

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

MSE Share Code: OMU

NSX Share Code: OMM

ZSE Share Code: OMU

JSE Alpha Code: OMLI

("Old Mutual" or "the Company")

 

Ref 16_26

05 June 2026

 

RESULTS OF SHAREHOLDERS' VOTING AT THE ANNUAL GENERAL MEETING ("AGM")

Shareholders are advised that the voting results for the AGM of Old Mutual,
held as an in-person meeting, and simultaneously by way of electronic
participation, on Friday, 05 June 2026, were as follows:

  RESOLUTIONS                                                                    TOTAL SHARES VOTED                               SHARES ABSTAINED
                                                                                 FOR (%)    AGAINST (%)    NUMBER         %*      %*
 Ordinary Resolution 1.1: To re-elect James Mwangi as a director of the          96,71%     3,29%          2 946 352 962  65,50%  0,15%
 Company
 Ordinary Resolution 1.2: To re-elect Brian Armstrong as a director of the       97,63%     2,37%          2 947 415 255  65,53%  0,12%
 Company
 Ordinary Resolution 1.3: To re-elect Funke Ighodaro as a director of the        97,94%     2,06%          2 941 416 810  65,39%  0,26%
 Company
 Ordinary Resolution 1.4: To elect Jan-Hendrik Erasmus as a director of the      99,76%     0,24%          2 946 787 139  65,51%  0,14%
 Company
 Ordinary Resolution 1.5: To elect Roger Jardine as a director of the Company    99,41%     0,59%          2 943 298 944  65,44%  0,21%
 Ordinary Resolution 2.1: To elect Funke Ighodaro as a member of the Audit       98,46%     1,54%          2 941 183 125  65,39%  0,26%
 committee
 Ordinary Resolution 2.2: To elect Jaco Langner as a member of the Audit         99,23%     0,77%          2 946 556 687  65,51%  0,14%
 committee
 Ordinary Resolution 2.3: To elect John Lister as a member of the Audit          98,75%     1,25%          2 946 327 300  65,50%  0,15%
 committee
 Ordinary Resolution 2.4: To elect Busisiwe Silwanyana as a member of the Audit  99,95%     0,05%          2 945 450 977  65,48%  0,17%
 committee
 Ordinary Resolution 2.5: To elect Jan-Hendrik Erasmus as a member of the Audit  99,80%     0,20%          2 946 947 188  65,52%  0,13%
 committee
 Ordinary Resolution 3.1: To elect Brian Armstrong as a member of the            98,16%     1,84%          2 947 021 945  65,52%  0,13%
 Responsible Business committee
 Ordinary Resolution 3.2: To elect Jaco Langner as a member of the Responsible   99,71%     0,29%          2 946 332 987  65,50%  0,15%
 Business committee
 Ordinary Resolution 3.3: To elect Sizeka Magwentshu-Rensburg as a member of     99,08%     0,92%          2 944 895 451  65,47%  0,18%
 the Responsible Business committee
 Ordinary Resolution 3.4: To elect James Mwangi as a member of the Responsible   97,91%     2,09%          2 945 311 258  65,48%  0,17%
 Business committee
 Ordinary Resolution 3.5: To elect Jurie Strydom as a member of the Responsible  98,49%     1,51%          2 949 035 572  65,56%  0,09%
 Business committee
 Ordinary Resolution 4.1: To re-appoint Deloitte & Touche as joint auditors      99,61%     0,39%          2 949 298 526  65,57%  0,08%
 until the conclusion of the next AGM of the Company
 Ordinary Resolution 4.2: To re-appoint Ernst & Young Inc. as joint              99,56%     0,44%          2 949 710 088  65,58%  0,07%
 auditors until the conclusion of the next AGM of the Company
 Ordinary Resolution 5.1: Non-binding advisory vote on the Company's             68,39%     31,61%         2 944 698 122  65,47%  0,18%
 Remuneration Policy
 Ordinary Resolution 5.2: Non-binding advisory vote on the Company's             70,72%     29,28%         2 943 182 719  65,43%  0,22%
 Remuneration Implementation Report
 Ordinary Resolution 6: To grant general authority to acquire the Company's own  99,93%     0,07%          2 875 845 327  63,94%  0,04%
 ordinary shares
 Special Resolution 1: To approve the remuneration payable to non-executive      98,39%     1,61%          2 943 538 077  65,44%  0,21%
 directors
 Special Resolution 2: Financial assistance in terms of Sections 44 and 45 of    99,63%     0,37%          2 945 934 553  65,49%  0,15%
 the Companies Act

 *as a percentage of total number of shares in issue as at 29 May
2026 being 4 522 338 335

The Ordinary Resolutions for approval of the Remuneration Policy and
Remuneration Implementation Report each received support from a majority of
shareholders. However, neither achieved the 75% shareholder support threshold
applicable under the non-binding advisory voting framework in place at the
time of distribution of the Notice of AGM. Consequently the board of directors
of Old Mutual, through its Remuneration Committee, will engage with
shareholders to better understand concerns raised. The Company notes that both
the Remuneration Policy (at 68,39%) and Remuneration Implementation Report (at
70,72%) received shareholder support in excess of the threshold required for
approval by ordinary resolution under the Companies Amendment Act 16 of 2024.

Further details will be announced on the Stock Exchange News Service of the
JSE Limited in due course regarding an invitation to dissenting shareholders
to engage with Old Mutual and the manner and timing of such engagement.

This announcement is also available on the Old Mutual website
at www.oldmutual.com (http://www.oldmutual.com/) .

 

Sandton

 

Sponsors

JSE equity sponsor: Tamela Holdings (Proprietary) Limited

JSE debt sponsor: Nedbank Corporate and Investment Banking, a division of
Nedbank Limited

NSX: PSG Wealth Management (Namibia) (Proprietary) Limited

ZSE: Imara Capital Zimbabwe plc

MSE: Stockbrokers Malawi Limited

 

Enquiries

Investor Relations

Langa Manqele

M: +27 (0)82 295 9840

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

 

Communications

Wendy Tlou

M: +27 (0)82 906 5008

E: oldmutualnews@oldmutual.com (mailto:oldmutualnews@oldmutual.com)

 

About Old Mutual

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 12 countries. Old Mutual's primary operations are in Africa
and it has a niche business in China. With over 181 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 and its underlying businesses, please
visit the corporate website at www.oldmutual.com (http://www.oldmutual.com)

 

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