Dealngs in own shares

RNS Number : 3489P

Old Mutual Limited

09 October 2019

 

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "the Company")

Ref 45/19

09 October 2019

OLD MUTUAL SHARE REPURCHASE PROGRAMME - DEALINGS IN OWN SHARES

Old Mutual announces that between 03 October and 08 October 2019 it purchased the following number of its ordinary shares on the Johannesburg Stock Exchange ("JSE") through RMB Morgan Stanley (Pty) Ltd ("Repurchased Shares"). Such purchase was effected pursuant to instructions issued by Old Mutual on 4 September 2019 , as part of its up to R2.4 billion share repurchase programme announced on 2 September 2019.

Ordinary Shares

Dates of purchase	03 October - 08 October 2019
Aggregate Number of ordinary shares purchased:	23 610 393
Highest price paid per share (cents):	2 025
Lowest price paid per share  (cents):	1 910

The Repurchased Shares shall be cancelled as issued shares and will revert to authorised but unissued share capital status. Following the shares purchased to date by Old Mutual under the share repurchase programme Old Mutual will have 4,708,553,649 ordinary shares in issue. This figure may be used by shareholders as the denominator for purposes of calculating their percentage interest in Old Mutual's issued share capital, to the extent required, for purposes of the South African Companies Act, 2008 (having regard to sections 122 and 123 thereof in particular) or whether they are required to notify their interest in, or a change to their interest in, Old Mutual under the FCA's Disclosure Guidance and Transparency Rules.

The repurchase above concludes the programme announced on 02 September 2019. The aggregate number of share repurchased amounts to 122 711 199, at a weighted average price of R19.49, resulting in a total cash outflow of R2.4 billion.

Schedule of purchases - aggregate information

Trading venue	Date	Volume weighted average price (cents per share)	Daily aggregated volume
JSE	03 October 2019	1 940	6 260 145
JSE	04 October 2019	1 975	6 573 477
JSE	07 October 2019	1 997	6 490 121
JSE	08 October 2019	2 009	4 286 650

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), detailed information of the individual trades made by RMB Morgan Stanley (Pty) Ltd as part of the buyback share repurchase programme is available on https://www.oldmutual.com/investor-relations/share-repurchase-information.

An announcement will be published in terms of the JSE Listings Requirements when the Company has cumulatively repurchased 3% of the securities in issue.

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

Sandton

Sponsors

Johannesburg Stock Exchange	Merrill Lynch South Africa (Pty) Limited
Namibia	PSG Wealth Management (Namibia) (Proprietary) Limited
Zimbabwe	Imara Capital Zimbabwe plc
Malawi	Stockbrokers Malawi Limited

Enquiries

Investor Relations Sizwe Ndlovu Head of Investor Relations	T: [phone] E: [e-mail]
Communications: Tabby Tsengiwe Head of Communications	T: [phone] M: [phone] E: [e-mail]

Notes to Editors

Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets 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 China. With over 174 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and 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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