Wrap Text
Old Mutual Plc Court Meetings And General Meeting
OLD MUTUAL PLC
ISIN CODE: GB00B77J0862
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOMOL
Old Mutual plc
Ref 209/18
25 May 2018
OLD MUTUAL PLC COURT MEETINGS AND GENERAL MEETING
Old Mutual plc (“Old Mutual” or “the Company”) will today hold a General Meeting (the “General
Meeting”) and two further shareholder meetings convened with the permission of the UK Court (the
“Court Meetings”) from 10.30am (UK time) today, 25 May 2018.
At the Court Meetings, shareholders will vote on the two schemes of arrangement and at the General
Meeting shareholders will vote on a Special Resolution to approve the proposal to finalise the managed
separation of Old Mutual. The First Court Meeting facilitates the demerger of Quilter plc and, as a
separate matter, a corporate restructuring to facilitate the subsequent unbundling of Nedbank, including
an increase in the distributable reserves of Old Mutual under the first scheme of arrangement between
Old Mutual and its shareholders. The Second Court Meeting approves the insertion of Old Mutual
Limited as the holding company of Old Mutual under the second scheme of arrangement between Old
Mutual and its shareholders.
As a result of its size relative to Old Mutual, the demerger of Quilter plc is a Class 1 transaction under
the UK Listing Rules, and Old Mutual shareholders will therefore be asked to approve the demerger of
Quilter plc at the General Meeting, amongst other things, in connection with the proposals to finalise
the Managed Separation. Shareholders will also vote on a number of other resolutions regarding the
share and incentive plans of the two businesses that will be listed if the Special Resolution is passed at
the General Meeting, Quilter plc and Old Mutual Limited.
A webcast of the Court Meetings and General Meeting will be hosted on: www.oldmutualplc.com
Expected Timetable of Managed Separation Key Events
Event Time and/or date
Last day to trade in Old Mutual plc Shares on the Thursday, 14 June 2018
Malawian Register
Last day for transfers between the UK Register, the SA Tuesday, 19 June 2018
Register, the Zimbabwean Register and the Malawian
Register
Last day to trade in Old Mutual plc Shares on the UK Friday, 22 June 2018
Register, SA Register, the Namibian Register and the
Zimbabwean Register
Court hearing to sanction the First Scheme Wednesday, 20 June 2018
Court hearing to sanction the Second Scheme Monday, 25 June 2018
Event Time and/or date
Admission of the Quilter Shares to the London Stock 8.00 a.m. on Monday, 25 June 2018
Exchange and Johannesburg Stock Exchange and
commencement of unconditional dealings in Quilter
Shares on the London Stock Exchange and
Johannesburg Stock Exchange
Admission of the Old Mutual Limited Shares to 8.00 a.m. on Tuesday, 26 June 2018
Johannesburg Stock Exchange, London Stock
Exchange, the Namibian Stock Exchange, the Zimbabwe
Stock Exchange and the Malawi Stock Exchange and
commencement of unconditional dealings in Old Mutual
Limited Shares on all of those stock exchanges
Delisting of Old Mutual plc Shares from the London Stock by 8.00 a.m. on Tuesday, 26 June 2018
Exchange
Delisting of Old Mutual plc Shares from the Friday, 29 June 2018
Johannesburg Stock Exchange, the Namibian Stock
Exchange, the Zimbabwe Stock Exchange and the
Malawi Stock Exchange
Enquiries
External communications
Patrick Bowes +44 20 7002 7440
Investor relations
Dominic Lagan (Old Mutual plc) +44 20 7002 7190
John-Paul Crutchley (Quilter) +44 20 7002 7016
Nwabisa Piki (Old Mutual Emerging Markets) +27 11 217 1951
Media
William Baldwin-Charles +44 20 7002 7133
+44 7834 524833
Notes to Editors
About Old Mutual plc
Old Mutual plc is a holding company for several financial services companies. In March 2016, it announced a new
strategy of managed separation entailing the separation of its underlying businesses into independently-listed,
standalone entities.
BrightSphere Investment Group, a US based institutional asset manager, which rebranded from OM Asset
Management in March 2018, is now independent from Old Mutual. The remaining underlying businesses are:
OLD MUTUAL LIMITED (which includes Old Mutual Emerging Markets): Old Mutual Limited has an ambition
to become a premium financial services group in sub-Saharan Africa and offers a broad spectrum of financial
solutions to retail and corporate customers across key market segments in 17 countries.
Nedbank: Nedbank ranks as a top-5 bank by capital on the African continent and Ecobank, in which Nedbank
maintains a 21.2% shareholding, ranks within the top-10 banks by assets on the African continent.
Quilter: Quilter (formerly Old Mutual Wealth) is a leader in the UK and in selected offshore markets in wealth
management, providing advice-led investment solutions and investment platforms to over 900,000 customers,
principally in the affluent market segment.
For the year ended 31 December 2017, Old Mutual reported an adjusted operating profit before tax of £2.0 billion.
For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at
www.oldmutualplc.com.
Sponsor:
Merrill Lynch South Africa (Pty) Ltd
Joint Sponsor:
Nedbank Corporate and Investment Banking
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