Wrap Text
Results of Shareholder Voting at Today’s Annual General Meeting and General Meeting
OLD MUTUAL PLC
ISIN CODE: GB00B77J0862
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOMOL
Old Mutual plc
Ref 400/16
28 June 2016
RESULTS OF SHAREHOLDER VOTING AT TODAY’S ANNUAL GENERAL MEETING AND
GENERAL MEETING
At today’s Annual General Meeting (“AGM”) and General Meeting of Old Mutual plc (“the Company”), all
of the resolutions set out in the respective Notices of Meetings were voted on by a poll and were duly
passed. Details of the votes cast were as follows:
AGM - ORDINARY RESOLUTIONS
Resolution 1: To receive and adopt the directors’ report and audited financial statements of the Group
for the year ended 31 December 2015
Votes in favour % of votes cast Votes withheld
3,578,462,050 99.38 1,091,430
Votes against % of votes cast
22,205,263 0.62
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,600,667,313 73.05
Resolution 2(i): To elect Mr B Hemphill as a director of the Company
Votes in favour % of votes cast Votes withheld
3,589,972,648 99.78 4,013,171
Votes against % of votes cast
7,772,924 0.22
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,597,745,572 72.99
Resolution 2(ii): To elect Mr T Manuel as a director of the Company
Votes in favour % of votes cast Votes withheld
3,588,644,089 99.69 1,970,560
Votes against % of votes cast
11,144,094 0.31
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,599,788,183 73.03
Resolution 2(iii): To re-elect Mr M Arnold as a director of the Company
Votes in favour % of votes cast Votes withheld
3,591,227,919 99.85
5,179,848
Votes against % of votes cast
5,350,976 0.15
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,596,578,895 72.96
Resolution 2(iv): To re-elect Ms Z Cruz as a director of the Company
Votes in favour % of votes cast Votes withheld
3,591,105,904 99.85 5,082,292
Votes against % of votes cast
5,570,547 0.15
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,596,676,451 72.97
Resolution 2(v): To re-elect Mr A Gillespie as a director of the Company
Votes in favour % of votes cast Votes withheld
3,590,683,820 99.84 5,250,084
Votes against % of votes cast
5,824,839 0.16
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,596,508,659 72.96
Resolution 2(vi): To re-elect Ms D Gray as a director of the Company
Votes in favour % of votes cast Votes withheld
3,585,161,223 99.72 6,485,634
Votes against % of votes cast
10,111,886 0.28
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,595,273,109 72.94
Resolution 2(vii): To re-elect Ms A Ighodaro as a director of the Company
Votes in favour % of votes cast Votes withheld
3,590,228,555 99.82 4,921,310
Votes against % of votes cast
6,608,878 0.18
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,596,837,433 72.97
Resolution 2(viii): To re-elect Ms I Johnson as a director of the Company
Votes in favour % of votes cast Votes withheld
3,590,612,987 99.79 3,567,600
Votes against % of votes cast
7,578,156 0.21
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,598,191,143 73.00
Resolution 2(ix): To re-elect Mr R Marshall as a director of the Company
Votes in favour % of votes cast Votes withheld
3,589,092,137 99.73 3,062,330
Votes against % of votes cast
9,604,276 0.27
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,598,696,413 73.01
Resolution 2(x): To re-elect Mr N Moyo a director of the Company
Votes in favour % of votes cast Votes withheld
3,576,354,460 99.80 18,359,436
Votes against % of votes cast
7,044,847 0.20
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,583,399,307 72.70
Resolution 2(xi): To re-elect Mr V Naidoo as a director of the Company
Votes in favour % of votes cast Votes withheld
2,968,315,562 82.84 18,667,735
Votes against % of votes cast
614,775,446 17.16
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,583,091,008 72.69
Resolution 2(xii): To re-elect Ms Nyembezi-Heita as a director of the Company
Votes in favour % of votes cast Votes withheld
3,050,072,046 91.07 252,525,718
Votes against % of votes cast
299,160,978 8.93
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,349,233,024 67.95
Resolution 2(xiii): To re-elect Mr P O’Sullivan as a director of the Company
Votes in favour % of votes cast Votes withheld
3,538,352,982 98.35 3,921,924
Votes against % of votes cast
59,483,837 1.65
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,597,836,819 72.99
Resolution 3: To re-appoint KPMG LLP as auditors to the Company
Votes in favour % of votes cast Votes withheld
3,493,099,553 97.02 1,409,463
Votes against % of votes cast
107,249,727 2.98
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,600,349,280 73.04
Resolution 4: To authorise the Group Audit Committee to settle the remuneration of the auditors
Votes in favour % of votes cast Votes withheld
3,580,637,105 99.45 1,322,174
Votes against % of votes cast
19,799,464 0.55
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,600,436,569 73.04
Resolution 5: To approve the Directors’ Remuneration Report, other than the part containing the
Directors’ Remuneration Policy, for the year ended 31 December 2015
Votes in favour % of votes cast Votes withheld
3,345,897,363 93.17 10,467,799
Votes against % of votes cast
245,393,581 6.83
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,591,290,944 72.86
Resolution 6: To grant authority to allot shares in the Company
Votes in favour % of votes cast Votes withheld
2,684,234,386 74.57 2,066,667
Votes against % of votes cast
915,457,690 25.43
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,599,692,076 73.03
AGM - SPECIAL RESOLUTIONS
Resolution 7: 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
3,003,815,940 83.51 4,639,053
Votes against % of votes cast
593,303,750 16.49
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,597,119,690 72.98
Resolution 8: To grant the Board authority to repurchase shares by market purchase on the London Stock
Exchange
Votes in favour % of votes cast Votes withheld
3,578,749,080 99.41 1,636,530
Votes against % of votes cast
21,373,133 0.59
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,600,122,213 73.04
Resolution 9: 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
3,574,837,444 99.34 3,314,116
Votes against % of votes cast
23,607,183 0.66
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,598,444,627 73.00
GENERAL MEETING - ORDINARY RESOLUTIONS
Resolution 1: To approve the revised Directors’ Remuneration Policy
Votes in favour % of votes cast Votes withheld
2,933,954,378 81.71 25,437,978
Votes against % of votes cast
656,580,062 18.29
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,590,534,440 72.84
Resolution 2: To approve the Managed Separation Incentive Plan
Votes in favour % of votes cast Votes withheld
2,909,574,894 81.11 28,613,213
Votes against % of votes cast
677,784,311 18.89
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,587,359,205 72.78
Notes to the above tables:
- 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 4,929,224,144, being the total number of shares
in issue at the close of business on 26 June 2016.
- 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 at the AGM, 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 AGM resolution 6, where the number of votes
against is slightly higher than previous years’ voting on the equivalent resolution. While this
resolution is considered routine for listed 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.
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 18.9 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 2015, the Group reported adjusted operating profit before tax of £1.7 billion and
had £304 billion of funds under management from core operations (excluding Rogge).
For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com
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