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OLD MUTUAL PLC - Notification of change in director's details

Release Date: 19/02/2018 09:00
Code(s): OML     PDF:  
Wrap Text
Notification of change in director's details


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


   Ref 59/18
   19 February 2018


   NOTIFICATION OF CHANGE IN DIRECTOR’S DETAILS – PATRICK O’SULLIVAN

   In accordance with Listing Rule 9.6.14R, Old Mutual plc (the 'Company') announces that Patrick O’Sullivan,
   Chairman and non-executive director of the Company, has been appointed as Chairman of Saga plc with effect
   from 1 May 2018.
   Mr O’Sullivan will continue in his role as Chairman of Old Mutual plc until the managed separation process has
   been concluded.
   Mr O’Sullivan said: “The managed separation process is nearing its successful completion. I am very proud of what
   has been achieved by the Board and our colleagues and I look forward to joining the Saga Board in May.”


   Enquiries

   External communications
   Patrick Bowes                                         +44 20 7002 7440
   Investor relations
   Dominic Lagan (Old Mutual plc)                        +44 20 7002 7190

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


   Notes to Editors
   About Old Mutual plc

   Old Mutual plc is a holding company for several financial services companies. In March 2016, it announced a new
   strategy of managed separation entailing the separation of its underlying businesses into independently-listed,
   standalone entities.
   The managed separation strategy seeks to preserve and release the value currently trapped within the group
   structure. The managed separation will be materially complete by the end of 2018.
   OM Asset Management, a US based institutional asset manager, is now independent from Old Mutual. The
   remaining underlying businesses are:
       Old Mutual Emerging Markets: A South African based leading provider of financial services in sub-Saharan
       Africa.
       Nedbank: One of South Africa’s four largest banks, with a 20% stake in pan-African Ecobank Transnational Inc.
       Old Mutual Wealth: a leading, integrated, advice-led wealth management business focused on the UK upper and
       middle market.
       For the year ended 31 December 2016, Old Mutual reported an adjusted operating profit before tax of £1.7 billion
       and had £395 billion of funds under management. For further information on Old Mutual plc and the underlying
       businesses, please visit the corporate website at www.oldmutualplc.com.

       Sponsor:
       Merrill Lynch South Africa (Pty) Ltd


       Joint Sponsor:
       Nedbank Corporate and Investment Banking




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