REG - Old Mutual Ltd - SENS_2026 OML Share Repurchase Programme JSE7.90

Old MutualAnnouncement

Today 07:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260402:nRSB1555Za&default-theme=true

RNS Number : 1555Z  Old Mutual Limited  02 April 2026

Old Mutual Limited

Incorporated in the Republic of South Africa

 

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

JSE Alpha Code: OMLI

LSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "Company")

 

Ref: 06/26

 

02 April 2026

 

UPDATE ON SHARE REPURCHASE PROGRAMME

Shareholders are referred to the announcement released on the Stock Exchange
News Service of the JSE Limited ("JSE") on 3 October 2025 informing
shareholders of the commencement of the Repurchase Programme ("the
Repurchase"). In line with paragraph 7.90 of the JSE Listings Requirements,
shareholders are advised that, in accordance with the general authority
granted by shareholders at the Company's Annual General Meeting held on 30 May
2025 ("General Authority"), the Company has cumulatively repurchased 147 004
816 ordinary shares ("Shares") in aggregate, being 3.12% of the Company's
Shares in issue as at 30 May 2025.

Details of the Repurchase

 Item                                                                            Detail
 Dates of repurchases                                                            3 October 2025 to 31 March 2026
 Total ordinary shares repurchased                                               147 004 816 shares
 Ordinary shares de-listed and cancelled (reverted to authorised but unissued    123 254 816 shares
 share capital) between between 27 October 2025 and 2 April 2026
 Shares remaining as treasury shares (to be de-listed and cancelled by 10 April  23 750 000 shares
 2026)
 Total treasury shares held in the Group (number and percentage of total in      161 750 000
 issue) including the 23 750 000 shares above

                                                                                  shares  / 3.43%

 Total value of shares repurchased                                               R2 074 052 548.22
 Average price paid per share                                                    R14.10874 per share
 Highest price paid per share                                                    R15.49880 per share
 Lowest price paid per share                                                     R12.95650 per share
 Percentage of Shares which may still be repurchased by the Company in terms of  6.88%
 the General Authority
 Number of Shares which may still be repurchased by the Company in terms of the  324 284 924
 General Authority

All repurchases were effected on the open market through the JSE central order
book, and at prices not greater than 10% above the volume weighted average
price of Old Mutual ordinary shares traded on the JSE for the five business
days immediately preceding the date on which such purchases were effected, in
compliance with the JSE Listings Requirements. The Company confirms that any
repurchase undertaken during a prohibited period was effected through a
repurchase programme as contemplated in, and conducted in compliance with, the
JSE Listings Requirements.

The Board confirms that it has considered the effect of the repurchases and it
has complied with  the solvency and liquidity test in accordance with the
Companies Act.

Source of funds

The shares were repurchased from the Company's available surplus cash
resources.

Impact of the Repurchase on Financial Information

 

The repurchase programme has the effect of reducing the number of ordinary
shares in issue. Total shareholders' equity is reduced by the consideration
paid, with a corresponding reduction in cash and cash equivalents on the
statement of financial position.

 

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 180 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

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  MSCAKDBNCBKDQQK



            Copyright 2019 Regulatory News Service, all rights reserved