Offer Update

RNS Number : 6613B

Old Mutual PLC

30 October 2009

 

30 October 2009

TIMETABLE FOR PROPOSED ACQUISITION OF THE REMAINING MINORITY SHAREHOLDING IN MUTUAL & FEDERAL

Further to today's announcement by Mutual & Federal Insurance Company Limited ("Mutual & Federal"), Old Mutual plc ("Old Mutual") sets out below some selected salient dates and times in relation to Old Mutual's offer to acquire those Mutual & Federal shares not currently beneficially owned by Old Mutual and/or its subsidiaries.

Old Mutual continues to progress the proposed acquisition and is working with Mutual & Federal management on all aspects of the transaction.

The full announcement made today by Mutual & Federal is available on the Mutual & Federal website at www.mf.co.za

Selected Salient Dates and Times for Mutual & Federal Shareholders:

	2009
Last day to trade Mutual & Federal shares on the JSE and NSX in order to be recorded in the share register on the voting record date in order to be eligible to vote at the General Meeting and Scheme meeting (see note 1 below) on	Wednesday, 11 November
Last day to lodge forms of proxy for the General Meeting by 08h30 and Scheme meeting by 09h00 on	Thursday, 19 November
General Meeting to be held at 08h30 on	Monday, 23 November
Scheme meeting to be held at 09h00 or 10 (ten) minutes after adjournment of the General Meeting which precedes the Scheme meeting, whichever is later, on	Monday, 23 November
Results of the Court hearing released on SENS on	Tuesday, 1 December
Date that trading in the Scheme consideration shares commences	Monday, 7 December
Operative date of the Scheme, from the commencement of business on	Monday, 14 December
Termination of listing of Mutual & Federal shares from the JSE and NSX on	Monday, 14 December

Notes:

• All times indicated above are South African times.

• Any change to the above dates and times will be agreed upon by Old Mutual and Mutual & Federal and advised to Mutual & Federal shareholders by notification on SENS and in the press.

For further information on Old Mutual, please visit the corporate website at www.oldmutual.com  

Enquiries

Old Mutual plc Investor Relations
Patrick Bowes	UK	[phone]
Deward Serfontein	SA	[phone]
Old Mutual plc Media
Matthew Gregorowski	UK / SA	[phone]
		[phone]
Don Hunter (Finsbury)	UK	[phone]

Old Mutual

Old Mutual plc is a leading international long-term savings Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.

In the year ended 31 December 2008, the Group reported adjusted operating profit of £1.0 billion (on an IFRS basis) and had £265 billion of funds under management at the year end. The Group has approximately 57,000 employees.

 

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