OLD MUTUAL LIMITED - Share Repurchase Programme - Dealings in Own Shares

Release Date: 22/03/2019 11:15
Code(s): OMU
 
Wrap Text
Share Repurchase Programme - Dealings in Own Shares

Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or “the Company”)

Ref 03/19
22 March 2019

          OLD MUTUAL SHARE REPURCHASE PROGRAMME - DEALINGS IN OWN SHARES

Old Mutual announces that between 13 March 2019 and 19 March 2019 it purchased
the following number of its ordinary shares on the Johannesburg Stock Exchange
(“JSE”) through RMB Morgan Stanley (Pty) Ltd (“Repurchased Shares”). Such
purchase was effected pursuant to instructions issued by Old Mutual on 13 March
2019, as part of its up to R2 billion share repurchase programme announced on 11
March 2019.


Ordinary Shares

Dates of purchase                                          13 March 2019 to 19 March 2019
Aggregate Number of ordinary shares purchased:             13 395 180
Highest price paid per share (cents):                      2 236
Lowest price paid per share    (cents):                    2 118


The Repurchased Shares shall be cancelled as issued shares and will revert to
authorised but unissued share capital status. Following the shares purchased to
date by Old Mutual under the share repurchase programme Old Mutual will have
4,928,653,175 ordinary shares in issue. This figure may be used by shareholders
as the denominator for purposes of calculating their percentage interest in Old
Mutual's issued share capital, to the extent required, for purposes of the South
African Companies Act, 2008 (having regard to sections 122 and 123 thereof in
particular) or whether they are required to notify their interest in, or a change
to their interest in, Old Mutual under the FCA's Disclosure Guidance and
Transparency Rules.


Schedule of purchases - aggregate information

Trading venue        Date              Volume weighted     Daily
                                       average price       aggregated
                                       (cents per share)   volume
JSE                  13 March 2019     2 129               46 500
JSE                  14 March 2019     2 140               3 228 194
JSE                  15 March 2019     2 154               3 080 981
JSE                  18 March 2019     2 201               3 473 808
JSE                  19 March 2019     2 210               3 565 697


In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation), detailed information of the individual trades made by RMB
Morgan Stanley (Pty) Ltd as part of the buyback share repurchase programme is
available on www.oldmutual.com/investor-relations/share-repurchase-information/


An announcement will be published in terms of the JSE Listings Requirements
when the Company has cumulatively repurchased 3% of the securities in issue.


This announcement is also available on the Old Mutual website at
www.oldmutual.com.


Sponsors

Johannesburg Stock           Merrill Lynch South Africa (Pty) Limited
Exchange

Namibia                      PSG Wealth Management (Namibia) (Proprietary)
                             Limited

Zimbabwe                     Imara Capital Zimbabwe plc

Malawi                       Stockbrokers Malawi Limited


Enquiries


Investor Relations
                             T: +27 (0)11 217 1163
Sizwe Ndlovu
                             E: tndlovu6@oldmutual.com
Head of Investor Relations

Communications:
Tabby Tsengiwe               T: +27 (11) 217 1953
Head of Communications       M: +27 (0)60 547 4947
                             E: ttsengiwe@oldmutual.com



Notes to Editors


About Old Mutual Limited
Old Mutual is a premium African financial services group that offers a broad
spectrum of financial solutions to retail and corporate customers across key
markets segments in 17 countries. Old Mutual's primary operations are in South
Africa and the rest of Africa, and it has niche businesses in Latin America and
Asia. With over 170 years of heritage across sub-Saharan Africa, we are a crucial
part of the communities we serve and broader society on the continent.


For further information on Old Mutual, and its underlying businesses, please
visit the corporate website at www.oldmutual.com.

Date: 22/03/2019 11:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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