OML - Old Mutual Plc - Termination Of Negotiations
OML
OLOML
OML - Old Mutual Plc - Termination Of Negotiations On Potential
Sale Of Mutual & Federal
Old Mutual plc
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
TERMINATION OF NEGOTIATIONS ON POTENTIAL SALE OF MUTUAL & FEDERAL
The Board of Old Mutual plc (Old Mutual) and Royal Bafokeng Holdings (RBH) have
agreed to terminate their discussions on the sale of Old Mutual`s shares in
Mutual & Federal to RBH.
Old Mutual and RBH were unable to agree mutually acceptable terms in the current
economic environment.
Jim Sutcliffe, Old Mutual Group Chief Executive, said:
"We are confident that Mutual & Federal`s management will continue to deliver
strong performance and returns. Our strategy is to focus on our core asset
management activities. Meanwhile, we will only consider transactions that fully
reflect value for our shareholders".
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Enquiries
Investor Relations
Aleida White UK +44 (0)20 7002 7287
Deward Serfontein SA +27 (0)82 810 5672
Media
Nicholas Bicket UK +44 (0)20 7002 7103
Nad Pillay SA + 27 (0)21 504 8026
11 March 2008
Date: 11/03/2008 09:01:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
