OLD MUTUAL PLC - Results of Shareholder Voting at the 2015 Annual General Meeting and Retirement of Reuel Khoza as a Non-Executive

Release Date: 14/05/2015 16:00
Code(s): OML
 
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Results of Shareholder Voting at the 2015 Annual General Meeting and Retirement of Reuel Khoza as a Non-Executive

OLD MUTUAL PLC
ISIN CODE: GB00B77J0862
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOMOL

Old Mutual plc

Ref 375/15

14 May 2015


RESULTS OF SHAREHOLDER VOTING AT THE 2015 ANNUAL GENERAL MEETING AND
RETIREMENT OF REUEL KHOZA AS A NON-EXECUTIVE DIRECTOR

At today’s Annual General Meeting of Old Mutual plc (“the Company”), all of the resolutions set out in the
Notice of Meeting were voted on by a poll and were duly passed. Details of the votes cast were as
follows:

ORDINARY RESOLUTIONS

 Resolution 1: To receive and adopt the directors’ report and audited financial statements of the Group
 for the year ended 31 December 2014
           Votes in favour                   % of votes cast                         Votes withheld
           3,362,358,024                          99.92                                7,168,752
            Votes against                    % of votes cast
              2,542,862                            0.08
  Total votes cast (excluding votes   % of total shares eligible to
              withheld)                            vote
           3,364,900,886                          68.31


 Resolution 2: To declare a final dividend for the year ended 31 December 2014 of 6.25p per ordinary
 share in the capital of the Company on the register at the close of business on 24 April 2015
           Votes in favour                     % of votes cast                       Votes withheld
            3,365,138,906                           99.99                              6,707,343
            Votes against                      % of votes cast
               223,389                               0.01
  Total votes cast (excluding votes     % of total shares eligible to
               withheld)                             vote
            3,365,362,295                           68.32



 Resolution 3(i): To elect Mr P Hanratty as a director of the Company

           Votes in favour                   % of votes cast                        Votes withheld
           3,355,257,474                           99.78                              9,371,200
            Votes against                    % of votes cast
              7,440,964                             0.22
  Total votes cast (excluding votes    % of total shares eligible to
              withheld)                             vote
           3,362,698,438                           68.26
Resolution 3(ii): To elect Ms I Johnson as a director of the Company

         Votes in favour                    % of votes cast                        Votes withheld
         3,355,754,583                            99.84                              10,802,496
          Votes against                     % of votes cast
            5,512,416                              0.16
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,361,266,999                            68.23


Resolution 3(iii): To elect Mr V Naidoo as a director of the Company

         Votes in favour                    % of votes cast                       Votes withheld
         3,336,396,082                            99.24                             10,277,762
          Votes against                     % of votes cast
           25,393,651                              0.76
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,361,789,733                            68.24


Resolution 3(iv): To re-elect Mr M Arnold as a director of the Company

         Votes in favour                    % of votes cast                      Votes withheld
         3,357,223,432                            99.88                            10,728,277
          Votes against                     % of votes cast
            4,117,786                              0.12
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,361,341,218                            68.23


Resolution 3(v): To re-elect Ms Z Cruz as a director of the Company

         Votes in favour                    % of votes cast                     Votes withheld
         3,357,085,769                            99.87                           10,612,167
          Votes against                     % of votes cast
            4,371,559                              0.13
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,361,457,328                            68.24
Resolution 3(vi): To re-elect Mr A Gillespie as a director of the Company

         Votes in favour                    % of votes cast                     Votes withheld
         3,262,266,876                            97.04                           10,421,480
          Votes against                     % of votes cast
           99,381,139                              2.96
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,361,648,015                            68.24


Resolution 3(vii): To re-elect Mr D Gray as a director of the Company

         Votes in favour                    % of votes cast                    Votes withheld
         3,244,622,296                            96.93                          24,703,575
          Votes against                     % of votes cast
          102,742,623                              3.07
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,347,365,919                            67.95


Resolution 3(viii): To re-elect Ms A Ighodaro as a director of the Company

         Votes in favour                    % of votes cast                    Votes withheld
         3,357,544,273                            99.87                          10,144,071
          Votes against                     % of votes cast
            4,381,151                              0.13
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,361,925,424                            68.25


Resolution 3(ix): To re-elect Mr R Marshall as a director of the Company

         Votes in favour                    % of votes cast                    Votes withheld
         3,353,970,255                            99.75                          9,716,245
          Votes against                     % of votes cast
            8,382,995                              0.25
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,362,353,250                            68.26
Resolution 3(x): To re-elect Mr N Moyo as a director of the Company

         Votes in favour                    % of votes cast                    Votes withheld
         3,339,787,743                            99.74                          23,647,921
          Votes against                     % of votes cast
            8,633,830                              0.26
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,348,421,573                            67.97


Resolution 3(xi): To re-elect Ms Nyembezi-Heita as a director of the Company

         Votes in favour                    % of votes cast                    Votes withheld
         2,951,201,471                            96.46                         312,621,041
          Votes against                     % of votes cast
          108,245,982                              3.54
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,059,447,453                            62.11


Resolution 3(xii): To re-elect Mr P O’Sullivan as a director of the Company

         Votes in favour                    % of votes cast                    Votes withheld
         3,259,074,115                            96.97                          11,116,408
          Votes against                     % of votes cast
          101,878,971                              3.03
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,360,953,086                            68.23


Resolution 3(xiii): To re-elect Mr J Roberts as a director of the Company

         Votes in favour                    % of votes cast                    Votes withheld
         3,355,831,729                            99.82                          10,208,594
          Votes against                     % of votes cast
            6,029,172                              0.18
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,361,860,901                            68.25
Resolution 4: To re-appoint KPMG LLP as auditors to the Company

         Votes in favour                    % of votes cast                    Votes withheld
         3,330,154,928                            99.01                          8,774,389
          Votes against                     % of votes cast
           33,140,177                              0.99
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,363,295,105                            68.27


Resolution 5: To authorise the Group Audit Committee to settle the remuneration of the auditors

         Votes in favour                    % of votes cast                     Votes withheld
         3,358,894,350                            99.85                           8,039,060
          Votes against                     % of votes cast
            5,133,444                              0.15
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,364,027,794                            68.29

Resolution 6: To approve the Directors’ Remuneration Report, other than the part containing the
Directors’ Remuneration Policy, for the year ended 31 December 2014
          Votes in favour                    % of votes cast                    Votes withheld
           3,166,003,379                           94.21                          11,506,850
           Votes against                     % of votes cast
            194,559,265                             5.79
Total votes cast (excluding votes      % of total shares eligible to
              withheld)                             vote
           3,360,562,644                           68.22


Resolution 7: To grant authority to allot shares in the Company

         Votes in favour                    % of votes cast                      Votes withheld
         2,739,866,503                            81.43                            7,520,152
          Votes against                     % of votes cast
          624,682,840                             18.57
Total votes cast (excluding votes     % of total shares eligible to
            withheld)                              vote
         3,364,549,343                            68.30
SPECIAL RESOLUTIONS

    Resolution 8: To grant authority to disapply pre-emption rights in allotting certain equity securities and selling
    treasury shares
              Votes in favour                    % of votes cast                  Votes withheld
             3,079,612,781                              91.67                       12,590,483
              Votes against                       % of votes cast
              279,866,374                                8.33
    Total votes cast (excluding votes       % of total shares eligible to
                withheld)                                vote
             3,359,479,155                              68.20


    Resolution 9: To grant the Board authority to repurchase shares by market purchase on the London Stock
    Exchange
             Votes in favour                      % of votes cast                  Votes withheld
             3,362,235,686                              99.96                        8,517,767
              Votes against                       % of votes cast
                1,315,310                                0.04
    Total votes cast (excluding votes       % of total shares eligible to
                withheld)                                vote
             3,363,550,996                              68.28

    Resolution 10: To approve contingent purchase contracts relating to purchases of shares on the African stock
    exchanges where the Company’s shares are listed
             Votes in favour                      % of votes cast                   Votes withheld
             3,360,698,357                              99.96                         10,101,736
              Votes against                       % of votes cast
                1,269,431                                0.04
    Total votes cast (excluding votes       % of total shares eligible to
                withheld)                                vote
             3,361,967,788                              68.25

Notes to the above table:
-      Votes in favour include proxy votes where the Chairman was give discretion how to vote.
-      Votes withheld are not counted in the calculation of the proportion of votes for or against a
       resolution.
-      The total number of shares eligible to vote was 4,926,156,092, being the total number of shares
       in issue at the close of business on 12 May 2015.
-      In accordance with Listing Rules 9.6.2R and 9.6.3R, the full text of the resolutions passed, other
       than resolutions concerning ordinary business, has been submitted to the National Storage
       Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.doc
-      Old Mutual notes the level of votes cast against resolution 7, which is broadly in line with
       previous years’ voting on the equivalent resolution. While this resolution is considered routine for
       public companies in the UK, the Company is aware that certain overseas institutional investors,
       mainly in South Africa, have a policy of not supporting it. The Company will continue to engage
       with those shareholders to improve understanding and, if possible, allay any such concerns for
       the future.
As previously announced, Reuel Khoza stood down as a non-executive director of the Company at
today’s AGM, having recently retired as Chairman of Nedbank Group Limited.


Enquiries
External communications
Patrick Bowes                       UK       +44 20 7002 7440
Investor relations
Dominic Lagan                       UK       +44 20 7002 7190
Sizwe Ndlovu                        SA       +27 11 217 1163

Media
William Baldwin-Charles                      +44 20 7002 7133
                                             +44 7834 524833


Sponsor:
Merrill Lynch South Africa (Pty) Ltd


Joint Sponsor:
Nedbank Capital



Notes to Editors
Old Mutual provides investment, savings, insurance and banking services to more than 17 million customers in
Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the
London and Johannesburg Stock Exchanges, among others, since 1999.
In the year ended 31 December 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on
an IFRS basis) and had £319 billion of funds under management from core operations.
For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com

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