Old Mutual PLC Old Mutual plc Court Meetings and General Meeting (2593P)
25 Mayo 2018 - 1:00AM
UK Regulatory
TIDMOML
RNS Number : 2593P
Old Mutual PLC
25 May 2018
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 Malawian Register Thursday, 14 June 2018
Last day for transfers between the UK Register, the SA Register, the Tuesday, 19 June 2018
Zimbabwean Register and
the Malawian Register
Last day to trade in Old Mutual plc Shares on the UK Register, SA Register, Friday, 22 June 2018
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
Admission of the Quilter Shares to the London Stock Exchange and 8.00 a.m. on Monday, 25 June 2018
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 Johannesburg Stock Exchange, 8.00 a.m. on Tuesday, 26 June 2018
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 Exchange by 8.00 a.m. on Tuesday, 26 June 2018
Delisting of Old Mutual plc Shares from the Johannesburg Stock Exchange, Friday, 29 June 2018
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
+44 20 7002 7133
William Baldwin-Charles +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 GBP2.0 billion. For further
information on Old Mutual plc and the underlying businesses, please
visit the corporate website at www.oldmutualplc.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
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