| Mon 23 Nov 2009, 14:03 | | OML - Old Mutual Plc - Mutual & Federal Shareholder Approval at General Meeting |
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OML
OLOML
OML - Old Mutual Plc - Mutual & Federal Shareholder Approval at General Meeting
and Scheme Meeting
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
MUTUAL & FEDERAL SHAREHOLDER APPROVAL AT GENERAL MEETING AND SCHEME MEETING
Old Mutual plc ("Old Mutual") is pleased to announce that the resolutions tabled
at the Mutual & Federal Insurance Company Limited ("Mutual & Federal") General
Meeting, and the proposed Scheme of Arrangement regarding Old Mutual`s offer to
acquire those Mutual & Federal shares not already owned by Old Mutual and/or its
subsidiaries, were successfully approved, with the requisite majorities, by
Mutual & Federal shareholders and scheme members respectively, today.
Julian Roberts, Group Chief Executive of Old Mutual said, "We are delighted that
the Mutual & Federal shareholders have overwhelmingly voted to accept our offer.
Customers, staff and shareholders can now look forward to the future of the
business. For Old Mutual this represents a further step along the way of
building shareholder value."
Old Mutual continues to progress the proposed acquisition and is working with
Mutual & Federal management on all aspects of the transaction. The closing of
the transaction remains subject to the certain conditions precedent, including
the requisite regulatory approvals being obtained.
The full announcement made today by Mutual & Federal is available on the Mutual
& Federal website at www.mf.co.za
For further information on Old Mutual, please visit the corporate website at
www.oldmutual.com
Enquiries
Investor Relations
Patrick Bowes UK +44 (0)20 7002
7440
Deward Serfontein SA +27 (0)82 810 5672
Media
Matthew UK / SA +44 (0)20 7002
Gregorowski 7133
+44 (0)7748 183
834
Don Hunter UK +44 (0)20 7251
(Finsbury) 3801
23 November 2009
Sponsor
Merrill Lynch South Africa (Pty) Limited
Notes to Editors
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 GBP1.0 billion (on an IFRS basis) and had GBP265 billion of funds under
management at the year end. The Group has approximately 57,000 employees.
Date: 23/11/2009 14:03:33 Produced by the JSE SENS Department.
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