TIDMOMU
RNS Number : 9307V
Old Mutual Limited
19 April 2021
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 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
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
.
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END
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