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OLD MUTUAL LIMITED - Results of Shareholder Voting at the Annual General Meeting

Release Date: 24/05/2019 17:00
Code(s): OMU     PDF:  
 
Wrap Text
Results of Shareholder Voting at the Annual General Meeting

     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 27/19
     24 May 2019


     RESULTS OF SHAREHOLDER VOTING AT THE ANNUAL GENERAL MEETING (“AGM”)


     Shareholders are advised that the ordinary and special resolutions proposed in
     the notice to shareholders dated April 2019, were passed by the requisite majority
     of votes of shareholders present in person or represented by proxy, with the
     exception of Ordinary Resolution 6.2, at the Company’s first AGM held on Friday,
     24 May 2019.


     The voting results were as follows:


                                              TOTAL SHARES VOTED                   SHARES
ORDINARY RESOLUTIONS                                                             ABSTAINED

                                 FOR (%)   AGAINST (%)       NUMBER       %*        %*

Ordinary Resolution 1 –           89.01        10.99      3,488,824,463   72.21     0.51
Adoption of Annual Financial
Statements
Ordinary Resolution 2.1 -         94.74        5.26       3,488,823,075   72.21     0.82
Election of Paul Baloyi as
director
Ordinary Resolution 2.2 -         99.82        0.18       3,488,824,463   72,21     0.65
Election of Peter de Beyer as
director
Ordinary Resolution 2.3 -         99.54        0.46       3,488,824,463   72,21     0.80
Election of Thys du Toit as
director
Ordinary Resolution 2.4 -         99.87        0.13       3,488,824,463   72,21     0.68
Election of Albert Essien as
director
Ordinary Resolution 2.5 -         99.03        0.97       3,488,824,463   72,21     0.78
Election of Itumeleng
Kgaboesele as director
Ordinary Resolution 2.6 -         99.82        0.18       3,488,824,463   72,21     0.80
Election of John Lister as
director
 Ordinary Resolution 2.7 -        99.98        0.02       3,488,824,463   72,21     0.66
 Election of Sizeka Magwentshu-
 Rensburg as director
 Ordinary Resolution 2.8 -        99.62        0.38       3,488,824,463   72,21     0.75
Election of Trevor Manuel as
director
 Ordinary Resolution 2.9 -        98.65        1.35       3,488,824,463   72,21     0.65
 Election of Nombulelo Moholi
 as director
 Ordinary Resolution 2.10 –       99.22        0.78       3,488,824,463   72,21     0.92
 Election of Thoko Mokgosi-
 Mwantembe as director
 Ordinary Resolution 2.11 -       99.90        0.10       3,488,824,463   72,21     0.78
 Election of Nosipho Molope as
 director
 Ordinary Resolution 2.12 -                       WITHDRAWN
 Election of Peter Moyo as
 director
 Ordinary Resolution 2.13 -       99.85        0.15       3,488,824,463   72,21     0.80
 Election of James Mwangi as
 director
 Ordinary Resolution 2.14 -       98.61        1.39       3,488,824,463   72,21     0.90
 Election of Marshall Rapiya as
 director
 Ordinary Resolution 2.15 -       88.89        11.11      3,488,824,463   72,21     0.63
 Election of Casper Troskie as
 director
 Ordinary Resolution 2.16 -       99.96        0.04       3,488,824,463   72,21     0.67
 Election of Stewart van Graan
 as director
 Ordinary Resolution 3.1 -        97.26        2.74       3,488,824,463   72,21     0.42
 Election of Paul Baloyi as
 member of the Audit Committee
 Ordinary Resolution 3.2 -        97.37        2.63       3,488,824,463   72,21     0.26
 Election of Peter de Beyer as
 member of the Audit Committee
 Ordinary Resolution 3.3 -        99.06        0.94       3,488,824,463   72,21     0.78
 Election of Itumeleng
 Kgaboesele as member of the
 Audit Committee
 Ordinary Resolution 3.4 -        99.94        0.06       3,488,824,463   72,21     0.27
 Election of John Lister as
 member of the Audit Committee
 Ordinary Resolution 3.5 -        99.96        0.04       3,488,824,463   72,21     0.78
 Election of Nosipho Molope as
 member of the Audit Committee
 Ordinary Resolution 4.1 – Re-    74.52       25.48      3,488,824,463   72,21      0.24
 appointment of KPMG Inc. as
 joint external auditor
 Ordinary Resolution 4.2 – Re-    97.69        2.31      3,488,824,463   72,21      0.25
 appointment of Deloitte &
 Touche as joint external
 auditor
 Ordinary Resolution 5 -          80.85       19.15      3,488,824,463   72,21      0.39
 General authority of the
  directors to allot and issue
  ordinary shares for cash
  Ordinary Resolution 6.1 - Non-  54.00       46.00      3,488,824,463   72,21      0.86
  binding advisory vote for
  approval of the Company's
  remuneration policy
  Ordinary Resolution 6.2 - Non-  30.87       69.13      3,488,824,463   72,21      0.30
  binding advisory vote for
  approval of the Company's
  remuneration implementation
  report
  Ordinary Resolution 7 –         99.66        0.34      3,488,824,463    72,21     0.66
  Authorise any director or the
  company secretary to implement
  the Ordinary Resolutions above
  as well as the Special
  Resolutions to follow
  Special Resolution 1 –          97.21        2.79      3,488,824,463    72,21     0.66
  Approval of the remuneration
  payable to non-executive
  directors
  Special Resolution 2 - General  99.72        0.28      3,488,823,075    72.21     0.39
  authority to acquire the
  Company's own shares
  Special Resolution 3 –          98.32        1.68      3,488,824,463    72.21     0.28
  Provision of financial
  assistance to subsidiaries and
  other related and inter-
  related entities and to
  directors, prescribed officers
  and other persons
  participating in share or
  other employee incentive
  schemes


*as a percentage of total number of shares in issue (4,831,264,848) as at 17 May 2019.



        With regards to the non-binding advisory resolutions, Ordinary Resolutions 6.1
        and 6.2, being the Remuneration Policy and the Implementation Report, that
        received less than the required 75% of votes, Old Mutual will directly engage
        with shareholders, the timing of which will be advised to shareholders in due
        course.



        Sandton
        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

Sizwe Ndlovu                 T: +27 (0)11 217 1163

Head of Investor Relations   E: tndlovu6@oldmutual.com

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.

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