Old Mutual Limited Dealings in own shares (9844W)
24 April 2019 - 11:30PM
UK Regulatory
TIDMOMU
RNS Number : 9844W
Old Mutual Limited
24 April 2019
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or "the Company")
Ref 16/19
24 April 2019
OLD MUTUAL SHARE REPURCHASE PROGRAMME - DEALINGS IN OWN
SHARES
Old Mutual announces that between 17 April 2019 and 23 April
2019 it purchased the following number of its ordinary shares on
the Johannesburg Stock Exchange ("JSE") through RMB Morgan Stanley
(Pty) Ltd ("Repurchased Shares"). Such purchase was effected
pursuant to instructions issued by Old Mutual on 13 March 2019, as
part of its up to R2 billion share repurchase programme announced
on 11 March 2019.
Ordinary Shares
Dates of purchase 17April 2019 to 23 April
2019
Aggregate Number of ordinary shares purchased: 5 956 434
-------------------------
Highest price paid per share (cents): 2 350
-------------------------
Lowest price paid per share (cents): 2 305
-------------------------
The Repurchased Shares shall be cancelled as issued shares and
will revert to authorised but unissued share capital status.
Following the shares purchased to date by Old Mutual under the
share repurchase programme Old Mutual will have 4,867,546,846
ordinary shares in issue. This figure may be used by shareholders
as the denominator for purposes of calculating their percentage
interest in Old Mutual's issued share capital, to the extent
required, for purposes of the South African Companies Act, 2008
(having regard to sections 122 and 123 thereof in particular) or
whether they are required to notify their interest in, or a change
to their interest in, Old Mutual under the FCA's Disclosure
Guidance and Transparency Rules.
Schedule of purchases - aggregate information
Trading venue Date Volume weighted Daily
average price aggregated volume
(cents per share)
JSE 17 April 2019 2 330 3 026 736
--------------- ------------------- -------------------
JSE 18 April 2019 2 334 1 599 940
--------------- ------------------- -------------------
JSE 23 April 2019 2 331 1 329 758
--------------- ------------------- -------------------
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 (the Market Abuse Regulation), detailed information of the
individual trades made by RMB Morgan Stanley (Pty) Ltd as part of
the buyback share repurchase programme is available on
https://www.oldmutual.com/investor-relations/share-repurchase-information.
An announcement will be published in terms of the JSE Listings
Requirements when the Company has cumulatively repurchased 3% of
the securities in issue.
This announcement is also available on the Old Mutual website at
www.oldmutual.com.
Sponsors
Johannesburg Stock Exchange Merrill Lynch South Africa (Pty) Limited
Namibia PSG Wealth Management (Namibia) (Proprietary)
Limited
Zimbabwe Imara Capital Zimbabwe plc
Malawi Stockbrokers Malawi Limited
Enquiries
Investor Relations
Sizwe Ndlovu T: +27 (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
About Old Mutual Limited
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 17 countries.
Old Mutual's primary operations are in South Africa and the rest of
Africa, and it has niche business in Asia. With over 170 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
POSMMGZDFDDGLZM
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