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JOHANNESBURG - Old Mutual (LON:OMU) Limited, a prominent financial services group in Africa, announced that its shareholders approved all resolutions presented at the company’s Annual General Meeting (AGM) held on Friday. The resolutions encompassed the re-election and appointment of board directors, the re-appointment of joint auditors, and advisory votes on remuneration policies.
The AGM saw a strong turnout, with over 65% of the total number of shares in issue being voted. John Lister, Sizeka Magwentshu-Rensburg, and Stewart van Graan were re-elected as company directors with a majority of over 93% in favor. Similarly, members for the Audit and Responsible Business committees were elected, with Olufunke Ighodaro and Brian Armstrong receiving 97.42% and 98.80% approval, respectively.
Deloitte & Touche and Ernst & Young Inc. were re-appointed as joint auditors until the conclusion of the next AGM, with nearly unanimous support from voting shareholders. Furthermore, the non-binding advisory votes on the company’s Remuneration Policy and Remuneration Implementation Report were passed with approximately 87% and 88% approval, respectively.
A special resolution to approve the remuneration payable to non-executive directors was also approved, along with a resolution to grant general authority for the company to acquire its own ordinary shares, which received overwhelming support at 99.98%.
Additionally, the provision of financial assistance to subsidiaries, related and inter-related entities, and participants in share or other employee incentive schemes was sanctioned with 96.63% of the votes in favor.
Old Mutual, with a heritage spanning over 179 years, remains a central figure in the financial services sector in sub-Saharan Africa. The company’s commitment to its communities and customers is reflected in its broad spectrum of financial solutions offered across key market segments in 12 countries.
This information is based on a press release statement from Old Mutual Limited.
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