Old Mutual Limited Notice to shareholders (2797B)
June 05 2019 - 10:31AM
UK Regulatory
TIDMOMU
RNS Number : 2797B
Old Mutual Limited
05 June 2019
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
MSE Share Code: OMU
NSX Share Code: OMM
ZSE Share Code: OMU
("Old Mutual" or "the Company")
Ref 28/19
5 June 2019
NOTICE TO SHAREHOLDERS IN TERMS OF SECTION 45 OF THE COMPANIES
ACT NO 71 OF 2008 ("ACT").
Shareholders of the Company are referred to the announcement
released on the Stock Exchange News Service this afternoon, 5 June
2019 under the Old Mutual Life Assurance Company (South Africa)
Limited ("OMLACSA") code, OLDM advising that OMLACSA has amended
and updated its ZAR10 000 000 000 Unsecured Subordinated Note
Programme, and that this updated programme now includes a guarantee
from Old Mutual Limited.
Furthermore, shareholders are referred to the special resolution
tabled and approved at the Annual General Meeting held on 6 March
2018 and renewed on 24 May 2019, authorising directors to provide
financial assistance to or for the benefit of any company or
corporation which is related or inter-related to the company or any
employee, director, prescribed officer or other person or trust
established for their benefit, in terms of any share incentive
scheme described in the Company's integrated report.
In terms of section 45(2) of the Act, the board has authorised
the Company to provide loan facilities and/or guarantees (the
"Facilities"), in the normal course of business, to subsidiaries of
Old Mutual and financial assistance to employees, directors,
prescribed officers or trust established for their benefit, in
terms of any share incentive schemes described in the company's
integrated report. The board has satisfied itself that the terms of
the Facilities are fair and reasonable and that the Company would
satisfy the solvency and liquidity test after extending such
financial assistance, in terms of section 4 of the Act.
Shareholders are advised that the total facility value, if
utilised, will exceed 1/10th of 1% of the Company's net worth as at
the date of the last board meeting, being 23 May 2019.
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
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 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.
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.
END
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