Result of AGM

RNS Number : 3773E

Old Mutual PLC

09 May 2013

 



Old Mutual plc

Ref 48/13

9 May 2013

changes of directors and Results of shareholder voting at the 2013 Annual General Meeting

At the conclusion of the 2013 Annual General Meeting of Old Mutual plc (the "Company") held in London earlier today, the retirements of Russell Edey and Lars Otterbeck from the Board as independent non-executives directors took effect.  Alan Gillespie has succeeded Russell Edey as Chairman of the Remuneration Committee and Roger Marshall has also joined that Committee.

At the AGM itself, 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 2012
Votes in favour	% of votes cast	Votes withheld
3,111,901,128	99.97%	6,159,330
Votes against	% of votes cast
991,442	0.03%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,112,892,570	63.59%

Resolution 2: To declare a final dividend of 5.25p per ordinary share in the capital of the Company on the register at the close of business on 26 April 2013
Votes in favour	% of votes cast	Votes withheld
3,112,492,891	99.94%	4,682,270
Votes against	% of votes cast
1,873,671	0.06%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,114,366,562	63.62%

Resolution 3(i): To elect Ms D Gray as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,099,768,656	99.82%	13,652,068
Votes against	% of votes cast
5,628,108	0.18%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,105,396,764	63.44%

Resolution 3(ii): To re-elect Mr M Arnold as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,100,743,281	99.82%	12,646,500
Votes against	% of votes cast
5,658,176	0.18%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,106,401,457	63.46%

Resolution 3(iii): To re-elect Mr P Broadley as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,103,130,351	99.78%	9,031,929
Votes against	% of votes cast
6,886,552	0.22%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,110,016,903	63.53%

Resolution 3(iv): To re-elect Mr A Gillespie as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,100,602,325	99.81%	12,397,980
Votes against	% of votes cast
6,048,527	0.19%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,106,650,852	63.47%

Resolution 3(v): To re-elect Mr R Khoza as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,020,363,557	97.10%	8,375,046
Votes against	% of votes cast
90,297,717	2.90%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,110,661,274	63.55%

Resolution 3(vi): To re-elect Mr R Marshall as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,105,623,957	99.83%	8,225,322
Votes against	% of votes cast
5,199,553	0.17%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,110,823,510	63.55%

Resolution 3(vii): To re-elect Mr B Nqwababa as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,098,653,744	99.69%	10,789,108
Votes against	% of votes cast
9,605,980	0.31%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,108,259,724	63.50%

Resolution 3(viii): To re-elect Ms N Nyembezi-Heita as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,089,569,693	99.49%	13,769,690
Votes against	% of votes cast
15,709,449	0.51%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,105,279,142	63.44%

Resolution 3(ix): To re-elect Mr P O'Sullivan as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,101,847,855	99.74%	9,122,839
Votes against	% of votes cast
8,078,138	0.26%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,109,925,993	63.53%

Resolution 3(x): To re-elect Mr J Roberts as a director of the Company
Votes in favour	% of votes cast	Votes withheld
3,017,503,812	96.99%	7,997,160
Votes against	% of votes cast
93,546,110	3.01%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,111,049,922	63.55%

Resolution 4: To re-appoint KPMG Audit Plc as auditors to the Company
Votes in favour	% of votes cast	Votes withheld
3,096,016,730	99.83%	17,622,764
Votes against	% of votes cast
5,402,001	0.17%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,101,418,731	63.36%

Resolution 5: To authorise the Group Audit Committee to settle the remuneration of the auditors
Votes in favour	% of votes cast	Votes withheld
3,098,401,565	99.90%	17,442,040
Votes against	% of votes cast
3,204,352	0.10%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,101,605,917	63.36%

Resolution 6: To approve the Remuneration Report in the Company's report and accounts for the year ended 31 December 2012
Votes in favour	% of votes cast	Votes withheld
2,933,771,399	97.94%	123,524,253
Votes against	% of votes cast
61,752,305	2.06%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
2,995,523,704	61.19%

Resolution 7: To grant authority to allot shares in the Company
Votes in favour	% of votes cast	Votes withheld
2,641,141,220	84.89%	7,860,613
Votes against	% of votes cast
470,051,999	15.11%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,111,193,219	63.56%

SPECIAL RESOLUTIONS

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	Votes withheld
2,665,327,910	85.70%	8,799,427
Votes against	% of votes cast
444,918,119	14.30%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,110,246,029	63.54%

Resolution 9: To grant the Board authority to repurchase shares by market purchase on the London Stock Exchange
Votes in favour	% of votes cast	Votes withheld
3,045,861,730	98.18%	16,733,176
Votes against	% of votes cast
56,458,926	1.82%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,102,320,656	63.38%

Resolution 10: 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
3,044,427,038	98.17%	17,802,705
Votes against	% of votes cast
56,824,089	1.83%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,101,251,127	63.35%

Resolution 11: To approve certain amendments to the Articles of Association of the Company
Votes in favour	% of votes cast	Votes withheld
3,046,156,579	97.94%	8,675,508
Votes against	% of votes cast
64,221,745	2.06%
Total votes cast (excluding votes withheld)	% of total shares eligible to vote
3,110,378,324	63.54%

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 4,895,054,991, being the total number of shares in issue at the close of business on 7 May 2013.

·      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]

Kelly de Kock                            SA        [phone]

Media

William Baldwin-Charles                         [phone]

                                                            [phone]

Notes to Editors

Old Mutual provides life assurance, asset management, banking and general insurance to more than 14 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 2012, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £262 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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