Result of AGM

RNS Number : 2550H

Old Mutual PLC

15 May 2014

 



Old Mutual plc

Ref 53/14

15 May 2014

Results of shareholder voting at the 2014 Annual General Meeting

At today's Annual General Meeting of Old Mutual plc ("the Company"), all of the resolutions set out in the Notice of Meeting were voted on by a poll and were duly passed. Details 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 2013
Votes in favour	% of votes cast	Votes withheld
3,382,535,355	100%	20,599,530
Votes against	% of votes cast
161,154	0%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,382,696,509	69.06%

Resolution 2: To declare a final dividend for the year ended 31 December 2013 of 6.0p per ordinary share in the capital of the Company on the register at the close of business on 25 April 2014
Votes in favour	% of votes cast	Votes withheld
3,382,926,380	100%	20,214,059
Votes against	% of votes cast
155,600	0%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,383,081,980	69.06%

Resolution 3(i): To elect Ms Z Cruz as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,373,366,521	99.95%	28,150,991
Votes against	% of votes cast
1,778,090	0.05%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,375,144,611	68.90%

Resolution 3(ii): To elect Ms A Ighodaro as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,374,900,156	99.96%	27,147,762
Votes against	% of votes cast
1,247,422	0.04%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,376,147,578	68.92%

Resolution 3(iii): To elect Mr N Moyo as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,376,590,101	99.97%	25,716,832
Votes against	% of votes cast
988,669	0.03%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,377,578,770	68.96%

Resolution 3(iv): To re-elect Mr M Arnold as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,375,524,665	99.95%	26,146,566
Votes against	% of votes cast
1,624,371	0.05%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,377,149,036	68.94%

Resolution 3(v): To re-elect Mr A Gillespie as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,360,182,207	99.51%	26,485,405
Votes against	% of votes cast
16,627,990	0.49%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,376,810,197	68.94%

Resolution 3(vi): To re-elect Ms D Gray as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,362,833,389	99.55%	25,112,621
Votes against	% of votes cast
15,346,092	0.45%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,378,179,481	68.96%

Resolution 3(vii): To re-elect Mr R Khoza as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,263,645,159	96.57%	23,771,673
Votes against	% of votes cast
115,878,770	3.43%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,379,523,929	68.99%

Resolution 3(viii): To re-elect Mr R Marshall as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,636,702,857	99.53%	23,664,028
Votes against	% of votes cast
15,917,342	0.47%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,379,620,199	68.99%

Resolution 3(ix): To re-elect Ms N Nyembezi-Heita as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,374,525,383	99.86%	24,021,654
Votes against	% of votes cast
4,748,565	0.14%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,379,273,948	68.99%

Resolution 3(x): To re-elect Mr P O'Sullivan as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,370,911,879	99.77%	24,672,466
Votes against	% of votes cast
7,711,257	0.23%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,378,623,136	68.97%

Resolution 3(xi): To re-elect Mr J Roberts as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,265,086,676	96.58%	22,752,077
Votes against	% of votes cast
115,457,286	3.42%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,380,543,962	69.01%

Resolution 4: To appoint KPMG LLP as auditors to the Company
Votes in favour	% of votes cast	Votes withheld
3,365,530,926	99.51%	21,215,953
Votes against	% of votes cast
16,544,198	0.49%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,382,075,124	69.04%

Resolution 5: To authorise the Group Audit Committee to settle the remuneration of the auditors
Votes in favour	% of votes cast	Votes withheld
3,380,628,299	99.95%	20,845,118
Votes against	% of votes cast
1,822,185	0.05%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,382,450,484	69.05%

Resolution 6: To approve the Directors' Remuneration Policy as set out in the Directors' Remuneration Report for the year ended 31 December 2013
Votes in favour	% of votes cast	Votes withheld
3,280,532,172	97.17%	27,097,233
Votes against	% of votes cast
95,664,621	2.83%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,376,196,793	68.92%

Resolution 7: To approve the Directors' Remuneration Report, other than the part containing the Directors' Remuneration Policy, for the year ended 31 December 2013
Votes in favour	% of votes cast	Votes withheld
3,253,282,521	97.04%	50,669,930
Votes against	% of votes cast
99,343,587	2.96%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,352,626,108	68.44%

Resolution 8: To grant authority to allot shares in the Company
Votes in favour	% of votes cast	Votes withheld
2,941,125,871	86.95%	20,601,235
Votes against	% of votes cast
441,568,933	13.05%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,382,694,804	69.06%

SPECIAL RESOLUTIONS

Resolution 9: To grant authority to disapply pre-emption rights in allotting certain equity securities and selling treasury shares
Votes in favour	% of votes cast	Votes withheld
2,966,235,891	87.78%	24,181,650
Votes against	% of votes cast
412,868,498	12.22%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,379,104,389	68.98%

Resolution 10: To grant the Board authority to repurchase shares by market purchase on the London Stock Exchange
Votes in favour	% of votes cast	Votes withheld
3,373,858,173	99.77%	21,530,222
Votes against	% of votes cast
7,901,244	0.23%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,381,759,417	69.04%

Resolution 11: To approve contingent purchase contracts relating to purchases of shares on the African stock exchanges where the Company's shares are listed
Votes in favour	% of votes cast	Votes withheld
3,367,956,357	99.64%	23,020,453
Votes against	% of votes cast
12,312,299	0.36%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,380,268,656	69.01%

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 vote was 4,898,413,192, being the total number of shares in issue at the close of business on 14 May 2014.

·      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 National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.doc

Enquiries

External communications

Patrick Bowes                           UK        [phone]

Investor relations

Dominic Lagan                           UK        [phone]

Media

William Baldwin-Charles                         [phone]

                                                            [phone]

Notes to Editors

Old Mutual provides life assurance, asset management, banking and general insurance to more than 16 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2013, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £294 billion of funds under management from core operations.

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

 

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