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Old Mutual Limited concluded its Share Repurchase Programme on 27 January 2025, having repurchased, cancelled, and delisted 78,009,025 shares. This resulted in an issued share capital of 4,712,897,403 shares as of 28 January 2025, with the programme remaining within the 5% shareholder-approved limit and R1 billion value.
| Date | 28 Jan 2025 |
| Time | 15:30:00 |
| Category | Miscellaneous |
| ID | 0043V |
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
JSE Alpha Code: OMLI
LSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or "the Company")
Ref 01/25
28 January 2025
OLD MUTUAL SHARE REPURCHASE PROGRAMME
Shareholders are referred to Old Mutual's Stock Exchange News Service of the JSE Limited announcement dated 19 November 2024 ("SENS Announcement"), wherein the Company announced that it would commence with a Share Repurchase Programme.
Old Mutual wishes to confirm that this Share Repurchase Programme was concluded on 27 January 2025, by which time 78,009,025 Old Mutual shares were repurchased, cancelled and delisted. As at today's date the issued share capital of the Company is 4,712,897,403.
The Share Repurchase Programme remained within the percentage (5% of issued share capital) approved by shareholders at the Annual General Meeting in May 2024 and within the value (R1 billion) as communicated to shareholders in the SENS Announcement.
This announcement is also available on the Old Mutual website at www.oldmutual.com.
Sandton
Sponsors
|
JSE |
Equity Sponsor: Tamela Holdings (Proprietary) Limited Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited |
|
Namibia |
PSG Wealth Management (Namibia) (Proprietary) Limited |
|
Zimbabwe |
Imara Capital Zimbabwe plc |
|
Malawi |
Stockbrokers Malawi Limited |
|
|
|
Enquiries
|
Investor Relations Langa Manqele Head of Investor Relations |
M: +27 82 295 9840
|
|
Communications: Wendy Tlou Chief Communications & Reputation Officer
|
M: +27 82 906 5008 |
Notes to Editors
About Old Mutual
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 12 countries. Old Mutual's primary operations are in Africa and it has a niche business in China. With over 179 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities it serves as well as broader society on the continent.
For further information on Old Mutual and its underlying businesses, please visit the corporate website at www.oldmutual.com.