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JOHANNESBURG - Old Mutual (LON:OMU) Limited, the South Africa-based financial services group, has announced the withdrawal of two resolutions that were set to be voted on at its upcoming annual general meeting (AGM). The resolutions involved the election of two members to the company’s committees.
The AGM, scheduled for May 30, 2025, was originally set to include the election of Jurie Strydom to the Audit Committee and Iain Williamson to the Responsible Business (incorporating Social and Ethics) Committee. However, these items have been removed from the agenda following significant leadership changes within the company.
The withdrawal of ordinary resolutions 2.6 and 3.6 was prompted by the appointment of Jurie Strydom as Old Mutual’s Chief Executive Officer, a development announced on the same day. Additionally, Iain Williamson’s pending retirement has led to his resolution being retracted.
Old Mutual has a longstanding presence in sub-Saharan Africa and operates across 12 countries, providing a wide range of financial services to both retail and corporate clients. The company has been an integral part of the African financial landscape for over 179 years, emphasizing its commitment to the communities and societies it serves.
The information regarding these changes was disseminated through the Stock Exchange News Service of the JSE Limited and is based on a press release statement. Old Mutual has not provided further details on the impact of these withdrawals or any potential replacements for the proposed committee elections.
Investors and shareholders of Old Mutual are advised to take note of these updates as they prepare for the AGM at the end of May. The company remains a key player in the African financial services sector with a niche business in China.
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