Annual General Meeting 2007
Director's retirement and Results of shareholder voting
As planned, Mr Michael Marks ceased to be a member of the Board of Old
Mutual plc (the Company) at the end of the Company's Annual General
Meeting (the AGM) held in London earlier today. He had been a Director
of the Company since February 2004. Commenting at the AGM, Chris
Collins, Chairman of the Company, thanked Mr Marks warmly for his
significant contribution to the Board.
At the AGM, all of the resolutions set out in the Notice of Meeting sent
to shareholders as part of the Report and Accounts and Summary Financial
Statements for the year ended 31 December 2006 were voted on by a poll,
and the results of the votes cast on the polls were as follows:
Ordinary Resolutions
Resolution 1 To receive and adopt the directors' report and accounts
In favour Against % in favour Votes withheld
2,810,830,189 1,967,510 99.93 6,413,431
Resolution 2 To declare a final dividend of 4.15 pence per ordinary
share
In favour Against % in favour Votes withheld
2,815,469,616 168,829 99.99 3,592,776
Resolution 3 Election of Mr J C Nicholls as a director of the Company
(i)
In favour Against % in favour Votes withheld
2,810,691,700 1,119,976 99.96 7,397,855
Resolution 3 Election of Mr B Nqwababa as a director of the Company
(ii)
In favour Against % in favour Votes withheld
2,809,858,333 1,303,057 99.95 8,048,141
Resolution 3 Election of Mr L H Otterbeck as a director of the Company
(iii)
In favour Against % in favour Votes withheld
2,811,788,762 1,114,560 99.96 6,305,399
Resolution 3 Re-election of Mr C D Collins as a director of the
(iv) Company
In favour Against % in favour Votes withheld
2,812,692,028 958,766 99.97 5,580,427
Resolution 3 Re-election of Mr J V F Roberts as a director of the
(v) Company
In favour Against % in favour Votes withheld
2,786,118,762 9,971,030 99.64 23,123,449
Resolution 4 Re-appointment of KPMG Audit Plc as auditors to the
Company
In favour Against % in favour Votes withheld
2,783,940,615 10,549,301 99.62 24,711,305
Resolution 5 Authority to the Group Audit and Risk Committee of the
Company to settle the remuneration of the auditors
In favour Against % in favour Votes withheld
2,810,056,611 3,168,099 99.89 5,975,899
Resolution 6 Approval of the Remuneration Report in the Company's
report and accounts
In favour Against % in favour Votes withheld
2,453,741,960 344,922,846 87.68 20,545,643
Resolution 7 Approval of proposals arising from the closure of the
Company's Unclaimed Shares Trusts
In favour Against % in favour Votes withheld
2,800,708,336 4,574,525 99.84 13,926,854
Resolution 8 Authority to allot relevant securities up to an aggregate
nominal amount of £55,009,000
In favour Against % in favour Votes withheld 2,438,807,540 374,173,883 86.70 5,826,885
Special Resolutions
Resolution 9 Authority to allot equity securities up to a maximum
nominal aggregate amount of £27,504,000
In favour Against % in favour Votes withheld
2,459,018,515 353,633,160 87.43 6,158,842
Authority in accordance with section 166 of the Companies
Resolution 10 Act 1985 to purchase up to 550,090,000 Ordinary Shares of
10p each in the Company by way of market purchase
In favour Against % in favour Votes withheld
2,810,630,662 3,563,066 99.87 4,614,579
Approval of contingent purchase contracts to enable up to
a maximum of 550,090,000 Ordinary Shares in the Company
Resolution 11 to be bought back on the JSE Limited, the Malawi Stock
Exchange, Namibian Stock Exchange, the Stockholm Stock
Exchange and the Zimbabwe Stock Exchange.
In favour Against % in favour Votes withheld
2,807,228,994 4,278,373 99.85 7,222,098
Each of the resolutions was accordingly duly passed.
24 May 2007
ENQUIRIES:
Old Mutual plc
Malcolm Bell - Investor Relations (UK) + 44 (0) 20 7002
7166
Deward Serfontein - Investor Relations (SA) + 27 (0) 21 509
8709
Nad Pillay - Media Relations (SA) + 27 (0) 21 504
8026
About Old Mutual
Old Mutual plc is an international savings and wealth management company
based in the UK. Originating in South Africa in 1845, the group has a
balanced portfolio of businesses offering asset management, life
assurance, banking and general insurance services in over 40 countries,
primarily South Africa, Europe and the United States. Old Mutual is
listed on the London, Johannesburg and Stockholm stock exchanges, among
others.
By conducting its business worldwide under its core values of integrity,
respect and accountability, Old Mutual aspires to push beyond boundaries
to drive value for all its stakeholders.
In the year ended 31 December 2006, the group reported an increase in
adjusted operating profit of 16% to £1.4 billion (IFRS basis). Old
Mutual had £239 billion of funds under management at 31 December 2006,
and 53,000 employees.
For further information about Old Mutual plc, visit www.oldmutual.com
Annual General Meeting 2007
| Source: Old Mutual plc
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