Engagement with shareholders regarding Old Mutual's Remuneration Implementation Report
Engagement with shareholders regarding Old Mutual's Remuneration Implementation Report 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: email@example.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. Date: 31-08-2021 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
More from Old Mutual Limited
Join Listcorp to create a personalised news feed, follow your favourite companies, save useful news, and more.