Old Mutual Limited Result of AGM (4847Z)
May 21 2021 - 9:15AM
UK Regulatory
TIDMOMU
RNS Number : 4847Z
Old Mutual Limited
21 May 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 14/21
21 May 2021
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
2021, were passed by the requisite majority of votes of
shareholders present in person or represented by proxy at the
Company's AGM held on Friday, 21 May 2021.
The voting results were as follows:
ORDINARY RESOLUTIONS TOTAL SHARES VOTED SHARES ABSTAINED
FOR (%) AGAINST NUMBER %* %*
(%)
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 1
- To receive and adopt
the consolidated audited
annual financial statements
for the Company and its
subsidiaries for the year
ended 31 December 2020 99.982% 0.018% 3 406 772 459 72.353% 0.13%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 2.1
- To re-elect Trevor Manuel
as a director of the Company 99.627% 0.373% 3 407 003 410 72.358% 0.13%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 2.2
- To re-elect Itumeleng
Kgaboesele as a director
of the Company 91.728% 8.272% 3 406 990 319 72.357% 0.13%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 2.3
- To re-elect Marshall
Rapiya as a director of
the Company 99.910% 0.090% 3 406 802 105 72.353% 0.13%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 2.4
- To elect Brian Armstrong
as a director of the Company 99.918% 0.082% 3 406 640 241 72.350% 0.14%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 2.5
- To elect Olufunke Ighodaro
as a director of the Company 81.176% 18.824% 3 405 805 830 72.332% 0.15%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 2.6
- To elect Jaco Langner
as a director of the Company 92.157% 7.843% 3 404 702 285 72.309% 0.18%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 2.7
- To elect Nomkhita Nqweni
as a director of the Company 99.911% 0.089% 3 405 811 313 72.332% 0.15%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 3.1
- To elect Olufunke Ighodaro
as a member of the Audit
committee 81.646% 18.354% 3 405 817 140 72.333% 0.15%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 3.2
- To elect Itumeleng Kgaboesele
as a member of the Audit
committee 99.439% 0.561% 3 406 264 579 72.342% 0.14%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 3.3
- To elect Jaco Langner
as a member of the Audit
committee 99.895% 0.105% 3 405 059 526 72.316% 0.17%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 3.4
- To elect John Lister
as a member of the Audit
committee 99.788% 0.212% 3 406 080 752 72.338% 0.15%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 3.5
- To elect Nosipho Molope
as a member of the Audit
committee 81.588% 18.412% 3 406 297 161 72.343% 0.14%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 3.6
- To elect Nomkhita Nqweni
as a member of the Audit
committee 98.574% 1.426% 3 405 794 159 72.332% 0.15%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 4.1
- To reappoint Deloitte
& Touche as joint independent
auditors until the conclusion
of the next AGM of the
company 98.641% 1.359% 3 407 822 905 72.375% 0.11%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 4.2
- To reappoint KPMG Inc.
as joint independent auditors
until the conclusion of
the next AGM of the Company 70.593% 29.407% 3 407 629 436 72.371% 0.12%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 5.1
- Non-binding advisory
vote on the Company's
remuneration policy 54.454% 45.546% 3 402 600 218 72.264% 0.22%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 5.2
- Non-binding advisory
vote on the Company's
remuneration implementation
report 67.495% 32.505% 3 402 635 451 72.265% 0.22%
-------- -------- ----------------- -------- -----------------
Ordinary Resolution 6
- To authorise any director
or the Group Company Secretary
to implement the ordinary
resolutions above as well
as the special resolutions
to follow 99.338% 0.662% 3 408 272 945 72.385% 0.10%
-------- -------- ----------------- -------- -----------------
Special Resolution 1 -
To approve the remuneration
payable to non-executive
directors 98.116% 1.884% 3 403 903 125 72.292% 0.19%
-------- -------- ----------------- -------- -----------------
Special Resolution 2 -
To grant general authority
to acquire the Company's
own ordinary shares 99.946% 0.054% 3 396 868 928 72.143% 0.08%
-------- -------- ----------------- -------- -----------------
Special Resolution 3 -
To approve the provisions
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 78.879% 21.121% 3 403 378 527 72.281% 0.21%
-------- -------- ----------------- -------- -----------------
*as a percentage of total number of shares in issue
4,708,553,649 as at 9 May 2021.
The Board is disappointed with the outcome of the voting on the
2020 Remuneration Policy and Implementation Report following the
significant improvement in the voting outcome for the 2019
report.
"The economic uncertainty created by the COVID-19 pandemic and
the impact on business performance made 2020 a challenging year to
set and implement competitive remuneration policies. We have
engaged extensively with shareholders to understand their concerns
and we recognise the fine balance between remuneration outcomes
which continue to motivate and retain our best people whilst
remaining aligned to shareholders' interests," said Itumeleng
Kgaboesele, Chairman of the Remuneration committee.
The Group will continue engaging directly with shareholders to
understand their exact issues and concerns so that appropriate
decisions can be made with respect to remuneration policy and
implementation for the current and future years. The Group will
extend an invitation to shareholders through a SENS announcement
setting out the manner and the timing of the engagement in due
course.
"We remain committed to the continued improvement of our
remuneration policies and practices through open and transparent
engagement with all stakeholders." concludes Kgaboesele.
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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