Old Mutual Limited Invitation to shareholders (2722K)
August 31 2021 - 10:30AM
UK Regulatory
TIDMOMU
RNS Number : 2722K
Old Mutual Limited
31 August 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 "Company" or "Group")
31 August 2021
Ref 20/21
ENGAGEMENT WITH SHAREHOLDERS REGARDING OLD MUTUAL'S REMUNERATION
IMPLEMENTATION REPORT
Shareholders of Old Mutual are referred to the results of annual
general meeting announcement released on the Stock Exchange News
Service on 21 May 2021 ("Announcement").
The non-binding advisory resolutions on the endorsement of the
remuneration policy and the remuneration implementation report,
disclosed in the Announcement achieved 54.45% and 67.49%
respectively and thus did not achieve the requisite 75% majority of
votes.
In terms of the recommendations of the King IV Report on
Corporate Governance for South Africa, 2016 and paragraph 3.84(k)
of the JSE Limited Listings Requirements, an engagement with the
dissenting shareholders is required.
Old Mutual expects that its remuneration policies and practices
will mature and improve through an iterative process that will be
facilitated through continuous open and transparent engagement with
stakeholders. Consequently, Old Mutual invites dissenting
shareholders to raise concerns or recommendations regarding the
non-binding advisory resolution directly with the chairman of the
remuneration committee, Mr Itumeleng Kgaboesele, by making their
written submissions to the Group Company Secretary, Elsabe Kirsten,
using the following email address - AGM@oldmutual.com, by no later
than 17:00 on Friday, 10 September 2021 ("closing date").
For any other enquiries relating to the abovementioned
resolutions, you may contact the Group Company Secretary using the
email address - AGM@oldmutual.com.
Sandton
Sponsors
JSE Merrill Lynch South Africa (Pty) Limited
t/a 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 M: +27 (83) 500 8019
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 market 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 Asia. With over 176 years of
heritage across sub-Saharan Africa, Old Mutual is a crucial part of
the communities they serve and the 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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