Old Mutual Limited New financial instrument listing (6400M)
September 22 2021 - 9:00AM
UK Regulatory
TIDMOMU
RNS Number : 6400M
Old Mutual Limited
22 September 2021
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
LSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or "the Company")
Ref 23/21
22 September 2021
NEW FINANCIAL INSTRUMENT LISTING AND NOTICE IN TERMS OF SECTION
45(5) OF THE COMPANIES ACT 71 OF 2008 OF THE GRANTING OF FINANCIAL
ASSISTANCE BY OLD MUTUAL
Shareholders of the Company are referred to the announcement
released on the Stock Exchange News Service this afternoon, 22
September 2021 under the Old Mutual Life Assurance Company (South
Africa) Limited ("OMLACSA") code, OLDM, advising that the JSE has
granted a listing to OMLACSA of its unsecured floating rate note of
R1,500,000,000 in terms of its R25,000,000,000 Multi-Issuer Note
Programme ("the Programme"), as guaranteed by Old Mutual Limited,
dated 4 March 2020 (the "Guarantee").
The above Guarantee constitutes financial assistance as define
in section 45(1) of the Companies Act 71 of 2008 (the "Companies
Act") and accordingly notice is hereby given that the board of
directors of the Company (the "Board")adopted resolutions to
provide financial assistance as contemplated in section 45(1) of
the Companies Act, for amounts and on such terms and conditions as
determined by the board, pursuant to the authorities granted in
terms of the special resolution adopted by shareholders at the
annual general meeting of the Company held on 21 May 2021
authorising the board of the directors of the Company to provide
direct or indirect financial assistance by way of a loan,
guarantee, the provision of security to any of its present or
future subsidiaries and/or any other company or entity that is or
becomes related or inter-related to the Company or any of its
subsidiaries, and/ or to any member of such subsidiary or related
or inter-related company or entity.
In accordance with section 45(3)(b) of the Companies Act, the
Board advises that is satisfied and acknowledges, in respect of the
financial assistance, that:
- immediately after providing such financial assistance, Old
Mutual would have satisfied the solvency and liquidity test as
provided in section 4 of the Companies Act; and
- the terms under which the financial assistance has been given
are fair and reasonable to the Company.
Shareholders are advised that the total facility value, if
utilised, will exceed 1/10th (one tenth) of 1% (one percent) of the
Company's net worth as at the date of the last Board meeting, being
27 August 2021.
Sandton
Sponsors
Johannesburg Stock Exchange Merrill Lynch South Africa (Pty) Limited
ta BofA Securities
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
Vuyo Mtawa M: +27 68 422 8125
Head: Group Communications E: vmtawa@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 14 countries.
Old Mutual's primary operations are in South Africa and the rest of
Africa, and it has a niche business in China. With over 176 years
of heritage across sub-Saharan Africa, Old Mutual is 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
.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBDGDCDXDDGBD
(END) Dow Jones Newswires
September 22, 2021 09:00 ET (13:00 GMT)
Old Mutual (LSE:OMU)
Historical Stock Chart
From Jul 2024 to Aug 2024
Old Mutual (LSE:OMU)
Historical Stock Chart
From Aug 2023 to Aug 2024