Wrap Text
Posting of notice of AGM, release of IAR, no change statement, changes to board and availability of B-BBEE report
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 09/21
19 April 2021
POSTING OF NOTICE OF ANNUAL GENERAL MEETING, RELEASE OF THE INTEGRATED REPORT,
NO CHANGE STATEMENT, CHANGES TO THE BOARD OF DIRECTORS AND AVAILABILITY OF THE
BROAD-BASED BLACK ECONOMIC ANNUAL COMPLIANCE REPORT
Further to the release on the Stock Exchange News Service (“SENS”) of the Group
annual results and the publication of the annual financial statements (“AFS”)
for the year ended 31 December 2020 (“FY2020”) on Tuesday, 23 March 2021,
shareholders are advised that the summary consolidated financial statements
together with the notice of annual general meeting (“AGM”) have been distributed
to shareholders on Monday, 19 April 2021. In addition, shareholders are advised
that today the Company has released its Integrated Report and related
supplementary reports for FY2020 and can be found at
https://www.oldmutual.com/integrated-report/.
The AFS, which were made available on the Company’s website on 23 March 2021,
were audited by the Company’s joint external auditors, Deloitte & Touche and
KPMG Inc., who expressed an unmodified opinion on the AFS. The relevant audit
opinions are contained in the aforementioned AFS. There have been no
modifications to those published on 23 March 2021 and no changes to the audit
opinion.
Notice of AGM
In light of the COVID-19 outbreak in South Africa, its status as an ongoing
pandemic and its declaration as a “national disaster” in terms of the Disaster
Management Act of 2002, the Board has, in the circumstances, determined that it
is necessary, prudent and preferable that the AGM be held by way of electronic
participation only, and not by way of a physical meeting. Shareholders who wish
to participate electronically in and/or vote at the AGM are required to contact
The Meeting Specialist Proprietary Limited (“TMS”) on proxy@tmsmeetings.co.za or
alternatively contact them on +27 11 520 7950/1/2 as soon as possible, but in
any event no later than 09:00 SA time on Wednesday, 19 May 2021. TMS will assist
shareholders with the requirements for electronic participation in, and/or
voting, at the AGM.
The AGM will be held virtually on Friday, 21 May 2021 at 09:00 SA time, to
transact the business as set out in the notice. The record date on which a person
must be registered as a shareholder in the register of the Company for purposes
of being entitled to vote at the AGM is Friday, 14 May 2021, accordingly the
last date to trade for the AGM is Tuesday, 11 May 2021.
Operating Update – 21 May 2021
Old Mutual will publish a voluntary operating update in respect of Q1 2021
trading conditions, ahead of the AGM.
Changes to the Board of Directors
In compliance with rule 3.59 of the JSE Listing Requirements, shareholders are
advised of the following changes to the Board of directors of the Company (“the
Board”):
The Board announces the appointment of Jaco Langner and Nomkhita Nqweni as
independent non-executive directors of Old Mutual. Their appointments are still
subject to the approval of the Prudential Authority in terms of the Insurance
Act No 18 of 2017.
Jaco Langner holds a BCom (Mathematics) degree from Stellenbosch University, is
a fellow of the Faculty of Actuaries in Edinburgh, United Kingdom, and a fellow
of the Actuarial Society of South Africa. He has extensive financial services
expertise acquired in South African and in the Netherlands.
Nomkhita Nqweni holds a BSc degree from Rhodes University and a Post Graduate in
Investment Management from Rand Afrikaans University (now University of
Johannesburg). She has a wealth of experience at executive level in organisations
that are active in multiple sectors in the financial services industry both
locally and internationally and currently serves as independent non-executive
director of Vodacom.
The Board welcomes Jaco and Nomkhita, and look forward to their contributions.
The Board also announces two impending changes.
Peter de Beyer has, in accordance with the OML Board Charter, reached the maximum
tenure (three terms of three years) on the Board and will not be available for
re-election at the Annual General Meeting. Peter will remain on the board of
OMLACSA.
Matthys du Toit, although eligible for re-election, has decided not to make
himself available for re-election, given constraints on his time.
As a result, both directors will step down from the Board with effect from the
conclusion of the Company’s next AGM, which is scheduled to be held on Friday,
21 May 2021. The Board would like to express its sincere appreciation to both
Peter and Thys, who have provided invaluable contributions to the Board and the
Company during their tenure as directors.
Availability of the Broad-Based Black Economic Empowerment Annual Compliance
Report
Shareholders are further advised that in accordance with the JSE Listings
Requirements, the Company’s annual compliance report in terms of section 13G(2)
of the Broad-Based Black Economic Empowerment Act 53 of 2003 read with the Broad-
Based Black Economic Empowerment Amendment Act 46 of 2013, has been published
and is available on the Company’s website at www.oldmutual.com/responsible-
business/reports.
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
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 14 countries. Old Mutual's primary operations are in South
Africa and the rest of Africa, and we have a niche business in China. With over
175 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: 19-04-2021 05:30:00
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