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Old Mutual Limited shareholders passed all ordinary and special resolutions, with the exception of two withdrawn items, at the Annual General Meeting held on 30 May 2025. Approval percentages for the resolutions, which included re-election of directors, election of committee members, and re-appointment of joint auditors, ranged from 87.25% to 99.98%.
| Date | 30 May 2025 |
| Time | 16:00:00 |
| Category | AGMs and other meetings |
| ID | 8405K |
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
JSE Share Code: OMLI
MSE Share Code: OMU
NSX Share Code: OMM
ZSE Share Code: OMU
("Old Mutual" or "the Company")
Ref 20_25
30 May 2025
RESULTS OF SHAREHOLDERS' VOTING AT THE ANNUAL GENERAL MEETING ("AGM")
Shareholders are advised that the ordinary and special resolutions proposed in the notice of AGM to shareholders dated 15 April 2025, 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, 30 May 2025.
The voting results were as follows:
|
RESOLUTIONS |
TOTAL SHARES VOTED |
SHARES ABSTAINED |
|||
|
|
FOR (%) |
AGAINST (%) |
NUMBER |
%* |
%* |
|
Ordinary Resolution 1.1: To re-elect John Lister as a director of the Company |
95.85% |
4.15% |
3,066,823,620 |
65.07% |
0.10% |
|
Ordinary Resolution 1.2: To re-elect Sizeka Magwentshu-Rensburg as a director of the Company |
95.43% |
4.57% |
3,063,548,978 |
65.00% |
0.17% |
|
Ordinary Resolution 1.3: To re-elect Stewart van Graan as a director of the Company |
93.04% |
6.96% |
3,065,756,625 |
65.05% |
0.12% |
|
Ordinary Resolution 2.1: To elect Olufunke Ighodaro as a member of the Audit committee |
97.42% |
2.58% |
3,060,915,718 |
64.95% |
0.23% |
|
Ordinary Resolution 2.2: To elect Itumeleng Kgaboesele as a member of the Audit committee |
93.41% |
6.59% |
3,067,211,833 |
65.08% |
0.09% |
|
Ordinary Resolution 2.3: To elect Jaco Langner as a member of the Audit committee |
98.51% |
1.49% |
3,064,662,709 |
65.03% |
0.15% |
|
Ordinary Resolution 2.4: To elect John Lister as a member of the Audit committee |
96.65% |
3.35% |
3,065,883,136 |
65.05% |
0.12% |
|
Ordinary Resolution 2.5: To elect Busisiwe Silwanyana as a member of the Audit committee |
98.53% |
1.47% |
3,063,166,519 |
65.00% |
0.18% |
|
Ordinary Resolution 2.6: To elect Jurie Strydom as a member of the Audit committee |
WITHDRAWN |
||||
|
Ordinary Resolution 3.1: To elect Brian Armstrong as a member of the Responsible Business committee |
98.80% |
1.20% |
3,065,932,972 |
65.05% |
0.12% |
|
Ordinary Resolution 3.2: To elect Jaco Langner as a member of the Responsible Business committee |
98.53% |
1.47% |
3,065,502,132 |
65.04% |
0.13% |
|
Ordinary Resolution 3.3: To elect Sizeka Magwentshu-Rensburg as a member of the Responsible Business committee |
96.74% |
3.26% |
3,063,256,141 |
65.00% |
0.18% |
|
Ordinary Resolution 3.4: To elect Trevor Manuel as a member of the Responsible Business committee |
96.67% |
3.33% |
3,066,430,298 |
65.06% |
0.11% |
|
Ordinary Resolution 3.5: To elect James Mwangi as a member of the Responsible Business committee |
97.43% |
2.57% |
3,066,701,201 |
65.07% |
0.10% |
|
Ordinary Resolution 3.6: To elect Iain Williamson as a member of the Responsible Business committee |
WITHDRAWN |
||||
|
Ordinary Resolution 4.1: To re-appoint Deloitte & Touche as joint auditors until the conclusion of the next AGM of the Company |
98.37% |
1.63% |
3,067,556,269 |
65.09% |
0.08% |
|
Ordinary Resolution 4.2: To re-appoint Ernst & Young Inc. as joint auditors until the conclusion of the next AGM of the Company |
99.92% |
0.08% |
3,067,649,647 |
65.09% |
0.08% |
|
Ordinary Resolution 5.1: Non-binding advisory vote on the Company's Remuneration Policy |
87.25% |
12.75% |
3,063,346,099 |
65.00% |
0.17% |
|
Ordinary Resolution 5.2: Non-binding advisory vote on the Company's Remuneration Implementation Report |
88.08% |
11.92% |
3,063,495,645 |
65.00% |
0.17% |
|
Special Resolution 1: To approve the remuneration payable to non-executive directors |
95.27% |
4.73% |
3,065,148,391 |
65.04% |
0.14% |
|
Special Resolution 2: To grant general authority to acquire the Company's own ordinary shares |
99.98% |
0.02% |
3,013,681,864 |
63.95% |
0.04% |
|
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 |
96.63% |
3.37% |
3,066,769,545 |
65.07% |
0.10% |
*as a percentage of total number of shares in issue as at 23 May 2025 being 4,712,897,403.
Sandton
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Johannesburg Stock Exchange |
Tamela Holdings Proprietary Limited |
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Debt sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited |
|
Malawi Stock Exchange |
Stockbrokers Malawi Limited |
|
Namibia Stock Exchange |
PSG Wealth Management (Namibia) Proprietary Limited |
|
Zimbabwe Stock Exchange |
Imara Capital Zimbabwe plc |
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Enquiries |
|
|
Investor Relations |
|
|
Langa Manqele |
M: +27 82 295 9840 |
|
Head of Investor Relations |
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Communications |
|
|
Wendy Tlou |
M: +27 82 906 5008 |
|
Chief Communications & Reputation Officer |
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.