B-BBEE Certificate
Released : 17 May 2019 14:30:00
RNS Number : 4501Z
Old Mutual Limited
17 May 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 21/19
17 May 2019
B-BBEE CERTIFICATE
Shareholders are referred to the SENS announcement on 29 March 2019, advising shareholders of, inter alia, a consultation process in relation to the recognition of value distributed to B-BBEEshareholders through the unbundling of an asset in Old Mutual's B-BBEEscorecard. This consultation process involved the Association for Savings and Investments South Africa ("ASISA") and the Financial Services Transformation Council ("FSTC"). Shareholders were advised that the outcome of this process would impact the recognition of the value of assets distributed by Old Mutual to its B-BBEEshareholders during 2018 as part of the Managed Separation and that Old Mutual would re-issueits B-BBEEcertificate following completion of the consultation process.
Old Mutual is pleased to announce that the FSTC has now confirmed the recognition principles in respect of the value distributed by Old Mutual to its B-BBEE shareholders as part of Managed Separation. In accordance with these recognition principles, Old Mutual's deemed Black South African ownership percentage was 22.8% as at 31 December 2018 . A revised B - BBEE certificate was issued on 30 April 2019 and is available on the Company's website at: www.oldmutual.co.za/about-us/transformation/black-empowerment/bee-certificates.
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 (0)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.comor visit www.rns.com.
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Old Mutual Ltd. published this content on 17 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 May 2019 13:37:07 UTC