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

Release Date: 09/05/2019 16:30
Code(s): OMU     PDF:  
 
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Old Mutual 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 18/19
09 May 2019

OLD MUTUAL SHARE REPURCHASE PROGRAMME - DEALINGS IN OWN SHARES

Old Mutual announces that between 02 May 2019 and 07 May 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                                            02 May 2019 to 07 May 2019
Aggregate Number of ordinary shares purchased:                               7 571 593
Highest price paid per share (cents):                                             2 399
Lowest price paid per share      (cents):                                         2 316

Following the transactions listed above, the total repurchased shares represent
a completion of the R2 billion share repurchase programme. 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 4,853,089,824 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                    02 May 2019                     2 331            2 613 065
JSE                    03 May 2019                     2 339            1 727 931
JSE                    06 May 2019                     2 374            2 407 321
JSE                    07 May 2019                     2 370              823 276


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   https://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 Exchange     Merrill Lynch South Africa (Pty) Limited

Namibia                         PSG Wealth Management (Namibia) (Proprietary)
                                Limited

Zimbabwe                        Imara Capital Zimbabwe plc

Malawi                          Stockbrokers Malawi Limited


Enquiries


Investor Relations
                                T: +27 (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 business in 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: 09/05/2019 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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