RNS Number : 5412C
Old Mutual PLC
28 June 2016
Old Mutual plc
Ref 400/16
28 June 2016
Results of shareholder voting at tODAY'S Annual General Meeting AND GENERAL MEETING
At today's Annual General Meeting ("AGM") and General Meeting of Old Mutual plc ("the Company"),
all of the resolutions set out in the respective Notices of Meetings were voted on by a poll and were duly passed. Details of the
votes cast were as follows:
AGM - ORDINARY RESOLUTIONS
|
Resolution 1: To receive and adopt the directors' report and audited financial statements
of the Group
for the year ended 31 December 2015
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,578,462,050
|
99.38
|
1,091,430
|
|
Votes against
|
% of votes cast
|
|
|
22,205,263
|
0.62
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,600,667,313
|
73.05
|
|
Resolution 2(i): To elect Mr B Hemphill as a director of the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,589,972,648
|
99.78
|
4,013,171
|
|
Votes against
|
% of votes cast
|
|
|
7,772,924
|
0.22
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,597,745,572
|
72.99
|
|
Resolution 2(ii): To elect Mr T Manuel as a director of the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,588,644,089
|
99.69
|
1,970,560
|
|
Votes against
|
% of votes cast
|
|
|
11,144,094
|
0.31
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,599,788,183
|
73.03
|
|
Resolution 2(iii): To re-elect Mr M Arnold as a director of the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,591,227,919
|
99.85
|
5,179,848
|
|
Votes against
|
% of votes cast
|
|
|
5,350,976
|
0.15
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,596,578,895
|
72.96
|
|
Resolution 2(iv): To re-elect Ms Z Cruz as a director of the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,591,105,904
|
99.85
|
5,082,292
|
|
Votes against
|
% of votes cast
|
|
|
5,570,547
|
0.15
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,596,676,451
|
72.97
|
|
Resolution 2(v): To re-elect Mr A Gillespie as a director of the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,590,683,820
|
99.84
|
5,250,084
|
|
Votes against
|
% of votes cast
|
|
|
5,824,839
|
0.16
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,596,508,659
|
72.96
|
|
Resolution 2(vi): To re-elect Ms D Gray as a director of the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,585,161,223
|
99.72
|
6,485,634
|
|
Votes against
|
% of votes cast
|
|
|
10,111,886
|
0.28
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,595,273,109
|
72.94
|
|
Resolution 2(vii): To re-elect Ms A Ighodaro as a director of the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,590,228,555
|
99.82
|
4,921,310
|
|
Votes against
|
% of votes cast
|
|
|
6,608,878
|
0.18
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,596,837,433
|
72.97
|
|
Resolution 2(viii): To re-elect Ms I Johnson as a director of the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,590,612,987
|
99.79
|
3,567,600
|
|
Votes against
|
% of votes cast
|
|
|
7,578,156
|
0.21
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,598,191,143
|
73.00
|
|
Resolution 2(ix): To re-elect Mr R Marshall as a director of the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,589,092,137
|
99.73
|
3,062,330
|
|
Votes against
|
% of votes cast
|
|
|
9,604,276
|
0.27
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,598,696,413
|
73.01
|
|
Resolution 2(x): To re-elect Mr N Moyo a director of the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,576,354,460
|
99.80
|
18,359,436
|
|
Votes against
|
% of votes cast
|
|
|
7,044,847
|
0.20
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,583,399,307
|
72.70
|
|
Resolution 2(xi): To re-elect Mr V Naidoo as a director of the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
2,968,315,562
|
82.84
|
18,667,735
|
|
Votes against
|
% of votes cast
|
|
|
614,775,446
|
17.16
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,583,091,008
|
72.69
|
|
Resolution 2(xii): To re-elect Ms Nyembezi-Heita
as a director of the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,050,072,046
|
91.07
|
252,525,718
|
|
Votes against
|
% of votes cast
|
|
|
299,160,978
|
8.93
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,349,233,024
|
67.95
|
|
Resolution 2(xiii): To re-elect Mr P O'Sullivan as a director of the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,538,352,982
|
98.35
|
3,921,924
|
|
Votes against
|
% of votes cast
|
|
|
59,483,837
|
1.65
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,597,836,819
|
72.99
|
|
Resolution 3: To re-appoint KPMG LLP as auditors to the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,493,099,553
|
97.02
|
1,409,463
|
|
Votes against
|
% of votes cast
|
|
|
107,249,727
|
2.98
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,600,349,280
|
73.04
|
|
Resolution 4: To authorise the Group Audit Committee to settle the remuneration of the
auditors
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,580,637,105
|
99.45
|
1,322,174
|
|
Votes against
|
% of votes cast
|
|
|
19,799,464
|
0.55
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,600,436,569
|
73.04
|
|
Resolution 5: To approve the Directors' Remuneration Report, other than the part
containing the
Directors' Remuneration Policy, for the year ended 31 December 2015
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,345,897,363
|
93.17
|
10,467,799
|
|
Votes against
|
% of votes cast
|
|
|
245,393,581
|
6.83
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,591,290,944
|
72.86
|
|
Resolution 6: To grant authority to allot
shares in the Company
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
2,684,234,386
|
74.57
|
2,066,667
|
|
Votes against
|
% of votes cast
|
|
|
915,457,690
|
25.43
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,599,692,076
|
73.03
|
AGM - SPECIAL RESOLUTIONS
|
Resolution 7: To grant authority to disapply pre-emption rights in allotting certain
equity securities and selling treasury shares
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,003,815,940
|
83.51
|
4,639,053
|
|
Votes against
|
% of votes cast
|
|
|
593,303,750
|
16.49
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,597,119,690
|
72.98
|
|
Resolution 8: To grant the Board authority to repurchase shares by market purchase on the
London Stock Exchange
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,578,749,080
|
99.41
|
1,636,530
|
|
Votes against
|
% of votes cast
|
|
|
21,373,133
|
0.59
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,600,122,213
|
73.04
|
|
Resolution 9: To approve contingent purchase contracts relating to purchases of shares on
the African stock exchanges where the Company's shares are listed
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
3,574,837,444
|
99.34
|
3,314,116
|
|
Votes against
|
% of votes cast
|
|
|
23,607,183
|
0.66
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,598,444,627
|
73.00
|
GENERAL MEETING - ORDINARY RESOLUTIONS
|
Resolution 1: To approve the revised Directors' Remuneration Policy
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
2,933,954,378
|
81.71
|
25,437,978
|
|
Votes against
|
% of votes cast
|
|
|
656,580,062
|
18.29
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,590,534,440
|
72.84
|
|
Resolution 2: To approve the Managed Separation Incentive Plan
|
|
Votes in favour
|
% of votes cast
|
Votes withheld
|
|
2,909,574,894
|
81.11
|
28,613,213
|
|
Votes against
|
% of votes cast
|
|
|
677,784,311
|
18.89
|
|
Total votes cast (excluding votes withheld)
|
% of total shares eligible to vote
|
|
3,587,359,205
|
72.78
|
Notes to the above tables:
· Votes in favour include proxy votes where
the Chairman was give discretion how to vote.
· Votes withheld are not counted in the
calculation of the proportion of votes for or against a resolution.
· The total number of shares eligible to
vote was 4,929,224,144, being the total number of shares in issue at the close of business on 26 June 2016.
· In accordance with Listing Rules 9.6.2R
and 9.6.3R, the full text of the resolutions passed, other than resolutions concerning ordinary business
at the AGM, has been submitted to the National Storage Mechanism and will shortly be available for inspection at
www.hemscott.com/nsm.doc
· Old Mutual notes the level of votes cast
against AGM resolution 6, where the number of votes against is slightly higher than previous years' voting on the equivalent
resolution. While this resolution is considered routine for listed companies in the UK, the Company is aware that certain
overseas institutional investors, mainly in South Africa, have a policy of not supporting it. The Company will continue to engage
with those shareholders to improve understanding and, if possible, allay any such concerns for the future.
Enquiries
External communications
Patrick
Bowes
UK +44 20 7002 7440
Investor relations
Dominic
Lagan
UK +44 20 7002 7190
Sizwe
Ndlovu
SA +27 11 217 1163
Media
William
Baldwin-Charles
+44 20 7002 7133
+44 7834 524833
Notes to Editors
Old Mutual provides investment, savings, insurance and banking services to 18.9 million customers
in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and
Johannesburg Stock Exchanges, among others, since 1999.
In the year ended 31 December 2015, the Group reported adjusted operating profit before tax of
£1.7 billion and had £304 billion of funds under management from core operations (excluding Rogge).
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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