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OLD MUTUAL LIMITED - Old Mutual Share Repurchase Programme - Dealings in Own Shares

Release Date: 19/09/2019 12:55
Code(s): OMU     PDF:  
 
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Old Mutual Share Repurchase Programme - Dealings in Own Shares

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                                           29 277 070
purchased:
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      Daily
                                          average price        aggregated
                                          (cents per           volume
                                          share)
JSE                     12 September                   1 964            5 480 500
                        2019
JSE                     13 September                   2 008            5 407 764
                        2019
JSE                     16 September                   2 016            5 841 531
                        2019
JSE                     17 September                   2 009            6 175 841
                        2019
JSE                     18 September                   2 000            6 371 434
                        2019


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              Merrill Lynch South Africa (Pty) Limited
Exchange

Namibia                         PSG Wealth Management (Namibia) (Proprietary)
                                Limited

Zimbabwe                        Imara Capital Zimbabwe plc

Malawi                          Stockbrokers Malawi Limited


Enquiries
Investor Relations
                             T: +27 (11) 217 1163
Sizwe Ndlovu
                             E: tndlovu6@oldmutual.com
Head of Investor Relations

Communications:
Tabby Tsengiwe               T: +27 (11) 217 1953
Head of Communications       M: +27 (0)60 547 4947
                             E: ttsengiwe@oldmutual.com



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.

Date: 19/09/2019 12:55:00
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