Old Mutual Plc - Court confirms scheme of arrangem
Old Mutual Plc - Court confirms scheme of arrangement
OLD MUTUAL PLC
ISIN: GB0007389926
JSE Share code: OML
NSX share code: OLM
Issuer code: OLOML
Court confirms scheme of arrangement relating to Old Mutual plc`s Black Economic
Empowerment (BEE) ownership proposals
The UK High Court today confirmed a scheme of arrangement under section 425 of
the UK Companies Act 1985 relating to Old Mutual`s BEE ownership proposals.
This followed the strong support shown by shareholders for those proposals at
the Extraordinary General Meeting and Court Meeting of Old Mutual plc held in
London on 6 July 2005.
Jim Sutcliffe, Chief Executive, said, `We are pleased that another important
step has been taken in the process for approving our BEE ownership proposals.
We shall now be voting our shareholdings in Nedbank Group Limited and Mutual &
Federal Insurance Company Limited in favour of their respective BEE ownership
deals which are to be considered at Extraordinary General Meetings on 22 July
2005, and we are on track to complete the implementation of all three BEE
ownership deals early in August.`
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
18 July 2005
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 18/07/2005 01:30:02 PM
Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
