Share Repurchase
information
All you need to know about the
share repurchase programmes.
          investor relations share repurchase information
          Share repurchase overviewOld Mutual Limited ("the Company") completed two separate share repurchase programmes of the company’s ordinary shares for a total consideration of R4.9 billion in 2019. The Company’s shares were repurchased on the Johannesburg Stock Exchange.

          The first share repurchase programme was completed for a consideration of R2.5 billion and ran during the period 12 March 2019 to 22 May 2019. The share repurchase programme was effected in accordance with the General Authority received by way of a shareholder resolution passed at the Annual General Meeting, held on 6 March 2018, allowing the Company to repurchase up to 247 102 418 ordinary shares, equivalent to 5% of the issued share capital of the Company.

          The second share repurchase programme was completed for a consideration of R2.4 billion and ran during the period 03 September to 08 October 2019. The share repurchase programme was effected in accordance with the General Authority received by way of a shareholder resolution passed at the Annual General Meeting, held on 24 May 2019, allowing the Company to repurchase up to 169 094 269 ordinary shares, equivalent to 3.5% of the issued share capital of the Company.

          The Old Mutual Limited Board believed that Old Mutual Limited was trading at a discount to its intrinsic value and was of the view that a share repurchase programme would deliver longer term incremental value to shareholders.

          Access the weekly SENS announcement relating to the share repurchase programme here.
          Weekly Individual Trade information2019