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

Release Date: 03/10/2019 16:32
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
JSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or “the Company”)

Ref 43/19
03 October 2019


Old Mutual announces that between 26 September and 02 October 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 Old Mutual 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                                      26 September – 02 October 2019
Aggregate Number of ordinary shares purchased:                             20 194 363
Highest price paid per share (cents):                                           2 004
Lowest price paid per share  (cents):                                           1 920

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 Old Mutual under the share repurchase programme Old Mutual will have
4,732,164,042 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

JSE                     26 September 2019                1 982         5 521 258
JSE                     27 September 2019                1 962         2 020 639
JSE                     30 September 2019                1 947         3 449 612
JSE                     01 October 2019                  1 951         3 761 508

JSE                     02 October 2019                  1 941         5 441 346

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

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



Johannesburg Stock              Merrill Lynch South Africa (Pty) Limited

Namibia                         PSG Wealth Management (Namibia) (Proprietary)

Zimbabwe                        Imara Capital Zimbabwe plc

Malawi                          Stockbrokers Malawi Limited


Investor Relations
                                T: +27 (11) 217 1163
Sizwe Ndlovu
Head of Investor Relations
Tabby Tsengiwe               T: +27 (11) 217 1953
Head of Communications       M: +27 (0)60 547 4947

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

Date: 03/10/2019 04:32:00
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