| Wed 11 May 2005, 17:33 | | Annual General Meeting 2005 |
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Old Mutual Plc - Annual General Meeting 2005
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Annual General Meeting 2005
Retirement of Chairman
Results of shareholder voting
Retirement of Chairman
As planned, Mike Levett retired from the Board at the end of the Annual General
Meeting of Old Mutual plc (the `Company`) held in London earlier today, and the
Chairmanship passed to Christopher Collins. Norman Broadhurst has succeeded
Christopher Collins as senior non-executive director.
Mike Levett had been with the Group for 46 years and had been Chairman of the
Company since 1990. He led Old Mutual`s demutualisation and listing in 1999,
and its transformation into an international financial services group, with
operations in South Africa, the UK, the USA and the Far East.
Jim Sutcliffe, Chief Executive, said:
`Mike has tremendous vision and drive - as evidenced by his leading the
demutualisation of Old Mutual in 1999. He has given me a great deal of guidance
and insight into Old Mutual`s businesses and we will miss him. To put his
legacy in perspective, when Mike became Chairman in 1990, Old Mutual had R60
billion in funds under management. Nowadays that figure is R1,686 billion - an
impressive testament to his commitment and leadership.`
As a result of Mr Levett`s retirement and Mr Collins` succession, a number of
changes have been made to Board Committees:
Mr Collins has succeeded Mr Levett as Chairman of the Nomination Committee;
Mr Bogni has succeeded Mr Collins as Chairman of the Remuneration Committee; and
Mr Collins has resigned as a member of both the Audit Committee and the
Remuneration Committee.
Results of shareholder voting
At the Company`s Annual General Meeting, all of the resolutions set out in the
Notice of Meeting sent to shareholders as part of the Report and Accounts and
Summary Financial Statements for the year ended 31 December 2004 were voted on
by a poll, and the results of the votes cast on the polls were as follows:
Ordinary Resolutions
Resolution 1 To receive and adopt the directors` report
and accounts
In favour Against % in favour
2,044,705,400 21,380,274 98.97%
Resolution 2 To declare a final dividend of 3.5 pence
per ordinary share
In favour Against % in favour
2,123,670,694 78,692 100.00%
Resolution 3 Election of Russell Edey as a director of
(i) the Company
In favour Against % in favour
2,112,503,571 1,468,620 99.93%
Resolution 3 Election of Wiseman Nkuhlu as a director
(ii) of the Company
In favour Against % in favour
2,112,053,579 1,686,519 99.92%
Resolution 3 Re-election of Chris Collins as a director
(iii) of the Company
In favour Against % in favour
2,112,785,918 1,393,048 99.93%
Resolution 3 Re-election of Jim Sutcliffe as a director
(iv) of the Company
In favour Against % in favour
2,100,469,892 13,763,824 99.35%
Resolution 4 Re-appointment of KPMG Audit Plc as
auditors to the Company
In favour Against % in favour
2,096,801,795 4,741,165 99.77%
Resolution 5 Authority to the Audit Committee of the
Company to settle the remuneration of the
auditors
In favour Against % in favour
2,119,929,135 2,882,448 99.86%
Resolution 6 Approval of the Remuneration Report in the
Company`s report and accounts
In favour Against % in favour
2,062,583,556 25,446,472 98.78%
Resolution 7 Authority to allot relevant securities up
to an aggregate nominal amount of
GBP38,544,000
In favour Against % in favour
2,062,088,615 53,539,610 97.47%
Special Resolutions
Resolution 8 Authority to allot equal securities up to
a maximum nominal aggregate amount of
GBP19,272,000
In favour Against % in favour
2,093,099,501 26,161,532 98.77%
Resolution 9 Authority in accordance with section 166
of the Companies Act 1985 to purchase up
to 385,442,000 Ordinary Shares of 10p each
in the Company by way of market purchase
In favour Against % in favour
2,121,039,052 1,381,400 99.93%
Resolution 10 Approval of contingent purchase contract
(i) to enable shares to be bought back on the
JSE Securities Exchange South Africa
In favour Against % in favour
2,112,368,541 1,246,814 99.94%
Resolution 10 Approval of contingent purchase contract
(ii) to enable shares to be bought back on the
Namibian Stock Exchange
In favour Against % in favour
2,111,729,249 1,469,121 99.93%
Resolution 10 Approval of contingent purchase contract
(iii) to enable shares to be bought back on the
Zimbabwe Stock Exchange
In favour Against % in favour
2,111,812,582 1,394,528 99.93%
Resolution 10 Approval of contingent purchase contract
(iv) to enable shares to be bought back on the
Malawi Stock Exchange
In favour Against % in favour
2,111,667,972 1,537,636 99.93%
Each of the resolutions was accordingly duly passed.
11 May 2005
ENQUIRIES:
Old Mutual plc UK
Miranda Bellord +44 (0) 20 7002 7133
Old Mutual plc SA
Nad Pillay +27 (0) 21 504 8026
For further information about Old Mutual plc visit www.oldmutual.com
Date: 11/05/2005 05:15:05 PM
Produced by the JSE SENS Department
