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OLD MUTUAL PLC - Old Mutual Completes the Acquisition of Further Stake in UAP Holdings

Release Date: 24/06/2015 08:00
Code(s): OML     PDF:  
Wrap Text
Old Mutual Completes the Acquisition of Further Stake in UAP Holdings

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

       Ref 474/15
       24 June 2015

       OLD MUTUAL COMPLETES THE ACQUISITION OF FURTHER STAKE IN UAP HOLDINGS

       Old Mutual plc (“Old Mutual”) today announces that it has completed the acquisition of a further
       37.3% shareholding in UAP Holdings Limited (“UAP”). Old Mutual now owns 60.7% of UAP.

       We have commenced with the integration process to combine the businesses.

       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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