Result of AGM

RNS Number : 5085G

Old Mutual PLC

12 May 2011

 



Ref 56/11

12 May 2011

Old Mutual plc Annual General Meeting 2011 - Results of shareholder voting

At the Annual General Meeting of Old Mutual plc held in London earlier today, all of the resolutions set out in the Notice of Meeting contained in the circular sent to shareholders at the beginning of April were voted on by a poll, and the results of the votes cast were as follows:

Ordinary Resolutions
Resolution 1: To receive and adopt the directors' report and audited financial statements of the Group for the year ended 31 December 2010
Votes in favour	% of votes cast	% of total shares eligible to vote
3,571,940,386	99.93	65.44
Votes against	% of votes cast	% of total shares eligible to vote
2,411,020	0.07	0.04
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,574,351,406	65.48	4,252,432

Resolution 2: To declare a final dividend of 2.9p per ordinary share of 10p in the capital of the Company
Votes in favour	% of votes cast	% of total shares eligible to vote
3,568,919,133	99.85	65.38
Votes against	% of votes cast	% of total shares eligible to vote
5,487,133	0.15	0.10
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,574,406,266	65.48	4,204,572

Resolution 3 (i)  To elect Ms E Castillo as a director of the Company
Votes in favour	% of votes cast	% of total shares eligible to vote
3,554,834,770	99.69	65.12
Votes against	% of votes cast	% of total shares eligible to vote
10,881,392	0.31	0.20
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,565,716,162	65.32	12,894,676

Resolution 3 (ii)  To elect Mr A Gillespie as a director of the Company
Votes in favour	% of votes cast	% of total shares eligible to vote
3,554,438,741	99.68	65.11
Votes against	% of votes cast	% of total shares eligible to vote
11,422,778	0.32	0.21
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,565,861,519	65.32	12,748,819

Resolution 3 (iii)  To elect Mr R Marshall as a director of the Company
Votes in favour	% of votes cast	% of total shares eligible to vote
3,560,024,670	99.77	65.22
Votes against	% of votes cast	% of total shares eligible to vote
8,274,445	0.23	0.15
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,568,299,115	65.37	10,311,223

Resolution 3 (iv)  To re-elect Mr P O'Sullivan as a director of the Company
Votes in favour	% of votes cast	% of total shares eligible to vote
3,555,039,273	99.60	65.13
Votes against	% of votes cast	% of total shares eligible to vote
14,388,135	0.40	0.26
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,569,427,408	65.39	9,183,430

Resolution 3 (v)  To re-elect Mr R Edey as a director of the Company
Votes in favour	% of votes cast	% of total shares eligible to vote
3,520,084,413	99.70	64.49
Votes against	% of votes cast	% of total shares eligible to vote
10,607,252	0.30	0.19
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,530,691,665	64.68	47,919,173

Resolution 4: To re-appoint KPMG Audit Plc as auditors to the Company
Votes in favour	% of votes cast	% of total shares eligible to vote
3,552,045,251	99.70	65.07
Votes against	% of votes cast	% of total shares eligible to vote
10,710,320	0.30	0.20
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,562,755,571	65.27	15,855,267

Resolution 5: To authorise the Group Audit Committee to settle the remuneration of the auditors
Votes in favour	% of votes cast	% of total shares eligible to vote
3,568,703,273	99.91	65.38
Votes against	% of votes cast	% of total shares eligible to vote
3,103,466	0.09	0.06
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,571,806,739	65.43	6,804,099

Resolution 6: To approve the Remuneration Report in the Company's report and accounts for the year ended 31 December 2010.
Votes in favour	% of votes cast	% of total shares eligible to vote
3,111,328,462	90.50	57.00
Votes against	% of votes cast	% of total shares eligible to vote
326,426,271	9.50	5.98
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,437,754,733	62.98	140,854,105

Resolution 7: To grant authority to allot shares
Votes in favour	% of votes cast	% of total shares eligible to vote
3,107,731,675	87.29	56.93
Votes against	% of votes cast	% of total shares eligible to vote
452,390,576	12.71	8.29
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,560,122,251	65.22	18,488,587

Resolution 8: To grant authority to disapply pre-emption rights in allotting certain equity securities and selling treasury shares
Votes in favour	% of votes cast	% of total shares eligible to vote
3,237,201,922	91.47	59.30
Votes against	% of votes cast	% of total shares eligible to vote
301,804,554	8.53	5.53
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,539,006,476	64.83	39,605,080

Resolution 9: To grant authority to repurchase shares by market purchase
Votes in favour	% of votes cast	% of total shares eligible to vote
3,543,318,954	99.45	64.91
Votes against	% of votes cast	% of total shares eligible to vote
19,501,621	0.55	0.36
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,562,820,575	65.27	15,788,263

Resolution 10: To approve contingent purchase contracts relating to purchases of shares on the JSE Limited and on the Malawi, Namibian and Zimbabwe Stock Exchanges
Votes in favour	% of votes cast	% of total shares eligible to vote
3,550,597,155	99.46	65.04
Votes against	% of votes cast	% of total shares eligible to vote
19,422,885	0.54	0.36
Total votes cast (excluding votes withheld)	% of total shares eligible to vote	Votes withheld
3,570,020,040	65.40	8,590,798

Each of the resolutions was therefore duly passed.

Notes to the above table:

·      Votes in favour include proxy votes where the Chairman was give discretion how to vote.

·      Votes withheld are not counted in the calculation of the proportion of votes for or against a resolution.

·      The total number of shares eligible to be voted at the date of the meeting was 5,458,746,902, being the total number of shares in issue (5,698,181,790) less 239,434,888 shares held in treasury.

·      In accordance with Listing Rules 9.6.2R and 9.6.3R, the full text of the resolutions passed, other than resolutions concerning ordinary business, has been submitted to the UK Listing Authority.  They will shortly be available for inspection at the National Storage Mechanism at: www.Hemscott.com/nsm.do

Enquiries

External Communications
Patrick Bowes		[phone]
Investor Relations
Deward Serfontein	SA	[phone]
Aleida White	UK	[phone]
Media
William Baldwin-Charles		[phone]

Notes to Editors

Old Mutual

Old Mutual plc is an international long-term savings, protection and investment Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to 15 million customers in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others.

In the year ended 31 December 2010, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £309 billion of funds under management, from core operations, at the year end.  For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com

 

END

 

 

RAGGMGMKDZLGMZM