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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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