Wrap Text
Results of Shareholder Voting at Today's Annual General Meeting
OLD MUTUAL PLC
ISIN CODE: GB00B77J0862
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOMOL
Old Mutual
Ref 203/18
30 April 2018
RESULTS OF SHAREHOLDER VOTING AT TODAY’S ANNUAL GENERAL MEETING
At today’s Annual General Meeting (“AGM”) 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 2017.
Votes in favour % of votes cast Votes withheld
3,682,732,091 99.49 4,856,212
Votes against % of votes cast
18,766,222 0.51
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,701,498,313 75.04
Resolution 2(i):To re-elect Mr M Arnold as a director of the Company
Votes in favour % of votes cast Votes withheld
3,668,583,477 99.69 26,300,804
Votes against % of votes cast
11,470,245 0.31
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,680,053,722 74.60
Resolution 2(ii): To re-elect Ms Z Cruz as a director of the Company
Votes in favour % of votes cast Votes withheld
3,208,482,368 87.18 26,237,639
Votes against % of votes cast
471,634,518 12.82
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,680,116,886 74.61
Resolution 2(iii): To re-elect Mr A Gillespie as a director of the Company
Votes in favour % of votes cast Votes withheld
3,211,091,354 87.25 26,134,327
Votes against % of votes cast
469,128,844 12.75
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,680,220,198 74.61
Resolution 2(iv): To re-elect Ms D Gray as a director of the Company
Votes in favour % of votes cast Votes withheld
3,156,866,745 85.80 27,179,792
Votes against % of votes cast
522,307,988 14.20
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,679,174,733 74.59
Resolution 2(v): To re-elect Mr B Hemphill as a director of the Company
Votes in favour % of votes cast Votes withheld
3,668,299,787 99.64 24,788,166
Votes against % of votes cast
13,266,573 0.36
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,681,566,360 74.63
Resolution 2(vi): To re-elect Ms A Ighodaro as a director of the Company
Votes in favour % of votes cast Votes withheld
3,653,629,195 99.28 26,387,650
Votes against % of votes cast
26,337,680 0.72
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,679,966,875 74.60
Resolution 2(vii): To re-elect Ms I Johnson as a director of the Company
Votes in favour % of votes cast Votes withheld
3,664,536,382 99.54 24,876,453
Votes against % of votes cast
16,941,691 0.46
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,681,478,073 74.63
Resolution 2(viii): To re-elect Mr T Manuel as a director of the Company
Votes in favour % of votes cast Votes withheld
3,648,945,533 99.09 24,018,281
Votes against % of votes cast
33,390,711 0.91
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,682,336,244 74.65
Resolution 2(ix): To re-elect Mr R Marshall as a director of the Company
Votes in favour % of votes cast Votes withheld
3,222,958,831 87.54 24,636,292
Votes against % of votes cast
458,759,402 12.46
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,681,718,233 74.64
Resolution 2(x): To re-elect Mr V Naidoo as a director of the Company
Votes in favour % of votes cast Votes withheld
3,028,344,266 82.55 37,742,248
Votes against % of votes cast
640,268,009 17.45
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,668,612,275 74.37
Resolution 2(xi): To re-elect Mr P O’Sullivan as a director of the Company
Votes in favour % of votes cast Votes withheld
3,548,807,838 96.41 25,211,170
Votes against % of votes cast
132,335,517 3.59
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,681,143,355 74.63
Resolution 3: To re-appoint KPMG LLP as auditors to the Company
Votes in favour % of votes cast Votes withheld
3,452,612,032 96.31 121,433,907
Votes against % of votes cast
132,308,586 3.69
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,584,920,618 72.68
Resolution 4: To authorise the Group Audit Committee to settle the remuneration of the auditors.
Votes in favour % of votes cast Votes withheld
3,679,793,399 99.93 23,921,511
Votes against % of votes cast
2,639,615 0.07
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,682,433,014 74.65
Resolution 5: To approve the Directors’ Remuneration Report, other than the part containing the Directors’
Remuneration Policy, for the year ended 31 December 2017.
Votes in favour % of votes cast Votes withheld
2,621,404,529 71.39 34,267,487
Votes against % of votes cast
1,050,682,509 28.61
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,672,087,038 74.44
Resolution 6: To grant authority to allot shares in the Company
Votes in favour % of votes cast Votes withheld
3,291,764,454 88.97 6,322,357
Votes against % of votes cast
408,267,715 11.03
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,700,032,169 75.01
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
3,262,644,802 88.65 25,881,699
Votes against % of votes cast
417,828,025 11.35
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,680,472,827 74.61
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
3,596,198,414 97.69 25,102,959
Votes against % of votes cast
85,053,152 2.31
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,681,251,566 74.63
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
3,657,233,871 99.37 25,969,397
Votes against % of votes cast
23,151,257 0.63
Total votes cast (excluding votes % of total shares eligible to
withheld) vote
3,680,385,128 74.61
Notes to the above tables:
• Votes in favour include proxy votes where the Chairman was given 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 4,932,791,533, being the total number of shares
in issue at the close of business on 26 April 2018.
• 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.morningstar.co.uk/uk/NSM
• Old Mutual notes the level of votes cast against resolution 5. We engage fully with shareholders
and other stakeholders on matters of executive remuneration. Management is paid for
performance with outcomes assessed against internal targets, peer group performance and
external macro-economic measures, assuring the Remuneration Committee that the outcomes of
the plans were appropriate for the performance delivered over the period. This approach is
consistent with our commitment to align executive remuneration with stakeholder interests.
Enquiries
External communications
Patrick Bowes +44 20 7002 7440
Investor relations
Dominic Lagan (Old Mutual plc) +44 20 7002 7190
John-Paul Crutchley (Quilter) +44 20 7002 7016
Nwabisa Piki (Old Mutual Emerging +27 11 217 1951
Markets)
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.
BrightSphere Investment Group, a US based institutional asset manager, which rebranded from OM
Asset Management in March 2018, is now independent from Old Mutual. The remaining underlying
businesses are:
OML (which includes Old Mutual Emerging Markets): OML has an ambition to become a premium
financial services group in sub-Saharan Africa and offers a broad spectrum of financial solutions to
retail and corporate customers across key market segments in 17 countries.
Nedbank: Nedbank ranks as a top-5 bank by capital on the African continent and Ecobank, in which
Nedbank maintains a 21.2% shareholding, ranks within the top-10 banks by assets on the African
continent.
Quilter: Quilter (formerly Old Mutual Wealth) is a leader in the UK and in selected offshore markets in
wealth management, providing advice-led investment solutions and investment platforms to over
900,000 customers, principally in the affluent market segment.
For the year ended 31 December 2017, Old Mutual reported an adjusted operating profit before tax of
£2.0 billion. 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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