Old Mutual Limited Old Mutual Share Repurchase programme (4470R)

TIDMOMU

RNS Number : 4470R

Old Mutual Limited

26 October 2023

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")

Ref 54/23

26 October 2023

OLD MUTUAL SHARE REPURCHASE PROGRAMME

Shareholders are referred to Old Mutual's SENS announcement dated 30 May 2023, wherein the company announced that it will commence with a Share Repurchase Programme.

Old Mutual wishes to confirm that this Share Repurchase Programme was concluded on 16 October 2023, during which time 122,974,063 Old Mutual shares were repurchased. As at today's date the issued share capital of the company is 4,790,906,428.

The Share Repurchase Programme was designed with the intention to efficiently unlock long-term incremental value for shareholders. It remained within the percentage (3.5% of issued share capital) approved by shareholders at the Annual General Meeting in May 2023 as well as the value (R1.5 billion) as communicated to shareholders in our SENS announcement dated 14 March 2023.

This announcement is also available on the Old Mutual website at www.oldmutual.com.

Sandton

Sponsors

 
 JSE        Merrill Lynch South Africa (Proprietary) 
             Limited t/a BofA Securities 
 Malawi     Stockbrokers Malawi Limited 
 Namibia    PSG Wealth Management (Namibia) (Proprietary) 
             Limited 
 Zimbabwe   Imara Capital Zimbabwe plc

Enquiries

 
 Investor Relations: 
  Langa Manqele          M: +27 (0)82 295 9840 
                         E: investorrelations@oldmutual.com 
 Communications: 
  Tabby Tsengiwe         M: +27 (0) 60 547 4947 
                         E: oldmutualnews@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 Africa, and it has a niche business in China. With over 178 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 Limited 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

POSUNVOROKURUAA

(END) Dow Jones Newswires

October 26, 2023 11:30 ET (15:30 GMT)

Old Mutual (LSE:OMU)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024