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Old Mutual Ltd - Share repurchase programme -dealings in own shares

RNS Number : 9728M
Old Mutual Limited
19 September 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 40/19

19 September 2019

 

OLD MUTUAL SHARE REPURCHASE PROGRAMME - DEALINGS IN OWN SHARES

Old Mutual announces that between 12 September and 18 September 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 the Company on 4 September 2019 , as part of its up to R2.4 billion share repurchase programme announced on 2 September 2019.

 

Ordinary Shares

Dates of purchase

12 September - 18 September 2019

Aggregate Number of ordinary shares purchased:

29 277 070

Highest price paid per share (cents):

2 050

Lowest price paid per share  (cents):

1 933

 

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 the Company under the share repurchase programme Old Mutual will have 4,771,652,117 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 average price (cents per share)

Daily

aggregated volume

JSE

12 September 2019

1 964

5 480 500

JSE

13 September 2019

2 008

5 407 764

JSE

16 September 2019

2 016

5 841 531

JSE

17 September 2019

2 009

6 175 841

JSE

18 September 2019

2 000

6 371 434

 

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.

 

Sandton

 

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

Head of Investor Relations

 

T: +27 (11) 217 1163

E: [email protected]

Communications:

Tabby Tsengiwe

Head of Communications

 

T: +27 (11) 217 1953

M: +27 (0)60 547 4947

E: [email protected]

 

 

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 it has a niche business in China. With over 174 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 [email protected] or visit www.rns.com.
 
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MSCLIFEAATIALIA

Quick facts: Old Mutual Limited

Price: 56.86

Market: LSE
Market Cap: £2.75 billion
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