Old Mutual - results of shareholder meetings
Old Mutual plc (˘Old Mutual÷ or the ˘Company÷) announces that at the first court meeting, the second court meeting and the general meeting of Old Mutual shareholders each held earlier today in connection with the final processes needed to complete the Managed Separation of the Old Mutual group, to be implemented in part by two Court sanctioned schemes of arrangement (the ˘First Scheme÷ and the ˘Second Scheme÷, together the ˘Schemes÷), all the resolutions proposed were duly passed. Full details of the resolutions are set out in the notices of first court meeting, second court meeting and general meeting contained in the circular to shareholders dated 20 April 2018 (the ˘Scheme Circular÷). Defined terms used but not defined in this announcement have the meanings set out in the scheme circular, unless the context otherwise requires.
At the first court meeting, a majority in number of scheme shareholders (as defined in the First Scheme), who voted (either in person or by proxy) and who together represented over 75% by value of the votes cast, voted in favour of the resolution to approve the first scheme. The resolution was accordingly passed. At the second court meeting, a majority in number of holders of voting scheme shares (as defined in the Second Scheme), who voted (either in person or by proxy) and who together represented over 75% by value of the votes cast, voted in favour of the resolution to approve the second scheme. The resolution was accordingly passed. At the general meeting, the resolutions were also passed by the requisite majorities.