Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
JSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or “the Company”)
17 May 2019
Shareholders are referred to the SENS announcement on 29 March 2019, advising
shareholders of, inter alia, a consultation process in relation to the
recognition of value distributed to B-BBEE shareholders through the unbundling
of an asset in Old Mutual’s B-BBEE scorecard. This consultation process involved
the Association for Savings and Investments South Africa ("ASISA") and the
Financial Services Transformation Council ("FSTC"). Shareholders were advised
that the outcome of this process would impact the recognition of the value of
assets distributed by Old Mutual to its B-BBEE shareholders during 2018 as part
of the Managed Separation and that Old Mutual would re-issue its B-BBEE
certificate following completion of the consultation process.
Old Mutual is pleased to announce that the FSTC has now confirmed the recognition
principles in respect of the value distributed by Old Mutual to its B-BBEE
shareholders as part of Managed Separation. In accordance with these recognition
principles, Old Mutual’s deemed Black South African ownership percentage was
22.8% as at 31 December 2018. A revised B-BBEE certificate was issued on 30
April 2019 and is available on the Company's website at:
Johannesburg Stock Merrill Lynch South Africa (Pty) Limited
Namibia PSG Wealth Management (Namibia) (Proprietary)
Zimbabwe Imara Capital Zimbabwe plc
Malawi Stockbrokers Malawi Limited
Sizwe Ndlovu T: +27 (0)11 217 1163
Head of Investor Relations E: firstname.lastname@example.org
Tabby Tsengiwe T: +27 (11) 217 1953
Head of Communications M: +27 (0)60 547 4947
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: 17/05/2019 03:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Email this JSE Sens Item to a Friend.