| Mon 19 Apr 2021, 17:30 | | Posting of notice of AGM, release of integrated report, no change statement and changes to the board |
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Posting of notice of AGM, release of integrated report, no change statement and changes to the board
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
JSE alpha code: OMLI
("Old Mutual" or “the Company”)
19 April 2021
POSTING OF NOTICE OF ANNUAL GENERAL MEETING, RELEASE OF THE INTEGRATED REPORT, NO CHANGE
STATEMENT, AND CHANGES TO THE BOARD OF DIRECTORS
Further to the release on the Stock Exchange News Service (“SENS”) of the Group annual results and the publication
of the annual financial statements (“AFS”) for the year ended 31 December 2020 on Tuesday, 23 March 2021,
debtholders are advised that the summary consolidated financial statements together with the notice of annual
general meeting (“AGM”) have been distributed on Monday, 19 April 2021. In addition, debtholders are advised that
today the Company has released its Integrated Report and related supplementary reports for 2020 which are available
on the Company’s website at https://oldmutual.com/integrated-report/.
The AFS, which were made available on the Company’s website on 23 March 2021, were audited by the Company’s
joint external auditors, Deloitte & Touche and KPMG Inc., who expressed an unmodified opinion on the AFS. The
relevant audit opinions are contained in the aforementioned AFS. There have been no modifications to those
published on 23 March 2021 and no changes to the audit opinion.
Operating Update – 21 May 2021
Old Mutual will publish a voluntary operating update in respect of Q1 2021 trading conditions, ahead of the AGM.
Changes to the Board of Directors
In compliance with paragraph 6.39 of the JSE Debt Listing Requirements, debtholders are advised of the following
changes to the Board of directors of the Company (“the Board”):
The Board announces the appointment of Jaco Langner and Nomkhita Nqweni as independent non-executive directors
of Old Mutual. Their appointments are still subject to the approval of the Prudential Authority in terms of the
Insurance Act No 18 of 2017 and were made pursuant to Old Mutual’s policy dealing with the nomination of directors.
The JSE will be informed in due course of the effective date once the Regulatory approval has been obtained for the
appointments.
Jaco Langner holds a BCom (Mathematics) degree from Stellenbosch University, is a fellow of the Faculty of Actuaries
in Edinburgh, United Kingdom, and a fellow of the Actuarial Society of South Africa. He has extensive financial services
expertise acquired in South African and in the Netherlands.
Nomkhita Nqweni holds a BSc degree from Rhodes University and a Post Graduate in Investment Management from
Rand Afrikaans University (now University of Johannesburg). She has a wealth of experience at executive level in
organisations that are active in multiple sectors in the financial services industry both locally and internationally and
currently serves as independent non-executive director of Vodacom.
The Board welcomes Jaco and Nomkhita, and look forward to their contributions.
The Board also announces two impending changes.
Peter de Beyer has, in accordance with the OML Board Charter, reached the maximum tenure (three terms of three
years) on the Board and will not be available for re-election at the Annual General Meeting. Peter will remain on the
board of OMLACSA.
Matthys du Toit, although eligible for re-election, has decided not to make himself available for re-election, given
constraints on his time.
As a result, both directors will step down from the Board with effect from the conclusion of the Company’s next AGM,
which is scheduled to be held on Friday, 21 May 2021. The Board would like to express its sincere appreciation to
both Peter and Thys, who have provided invaluable contributions to the Board and the Company during their tenure
as directors.
Sandton
Debt Sponsor
Johannesburg Stock Exchange Nedbank Corporate and Investment Banking, a division of
Nedbank Limited
Enquiries
Investor Relations
Sizwe Ndlovu T: +27 (0)11 217 1163
Head of Investor Relations E: tndlovu6@oldmutual.com
Communications
Tabby Tsengiwe T: +27 (11) 217 1953
Head of Communications M: +27 (0)60 547 4947
E: ttsengiwe@oldmutual.com
Notes to Editors
Old Mutual is a premium African financial services Group that offers a broad spectrum of financial solutions to retail
and corporate customers across key markets segments in 14 countries. Old Mutual's primary operations are in South
Africa and the rest of Africa, and we have a niche business in China. With over 175 years of heritage across sub-Saharan
Africa, we are a crucial part of the communities we serve and broader society on the continent.
For further information on Old Mutual, and its underlying businesses, please visit the corporate website at
www.oldmutual.com.
Date: 19-04-2021 05:30:00
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