Tillkännagivande • Apr 27
Old Mutual Limited Announces Board and Committee Changes Old Mutual Limited announced changes to its board of directors and committees in compliance with paragraph 6.71 of the JSE Listings Requirements. Mr. Stewart van Graan, aged 70, will step down as Chairman of the Technology and Platforms Committee and member of the Corporate Governance and Nomination Committee and will be succeeded in those positions by Dr Brian Armstrong, aged 65, with effect from the close of the Annual General Meeting on June 5, 2026. Mr. van Graan will retire from the Board during the course of the year once the new Board appointments, currently underway, assume their positions. Dr Armstrong, a director since 2020, holds BSc (Eng), MSc (Eng) and PhD qualifications and is Professor of Practice in Digital Transformation at the Gordon Institute of Business Science effective May 1, 2026. He is widely recognised as a leading expert in ICT and digital transformation, with extensive experience across information technology, listed companies, remuneration and performance management, and strategy. He currently serves on the Responsible Business, Related Party Transactions and Technology & Platforms Committees. Mr. Itumeleng Kgaboesele, aged 54, will step down from the Audit and Actuarial Committees at the close of the AGM. He will remain on the Board and continue to serve as Chairman of the Remuneration Committee until he concludes his Board tenure on December 31, 2026. Upon assuming the chairmanship of the Company at the conclusion of the AGM, Chairman-designate Roger Jardine will chair the Corporate Governance and Nomination Committee and step down from the Remuneration and Responsible Business Committees. Further appointments to the Board will, subject to customary regulatory approvals, be announced in due course. Tillkännagivande • Apr 09
Absa Capital Securities Proprietary Limited acquired an additional minority stake in Old Mutual Limited (JSE:OMU). Absa Capital Securities Proprietary Limited acquired an additional minority stake in Old Mutual Limited (JSE:OMU) on April 7, 2026.
Absa Capital Securities Proprietary Limited completed the acquisition of an additional minority stake in Old Mutual Limited (JSE:OMU) on April 7, 2026. Tillkännagivande • Mar 19
Old Mutual Limited Announces Retirement Trevor Manuel as Chairman, Effective 5 June 2026 Old Mutual Limited announced that Mr. Trevor Manuel, Chairman of Old Mutual, who turned 70 in January 2026, the retirement age for directors as set out in the Board Charter, will retire as Chairman and as a director of the Company upon the close of the AGM. Tillkännagivande • Mar 17
Old Mutual Limited, Annual General Meeting, Jun 05, 2026 Old Mutual Limited, Annual General Meeting, Jun 05, 2026. Tillkännagivande • Sep 10
Old Mutual Limited (JSE:OMU) announces an Equity Buyback for ZAR 3,000 million worth of its shares. Old Mutual Limited (JSE:OMU) announces a share repurchase program. Under the program, the company will repurchase up to ZAR 3,000 million worth of its shares. Tillkännagivande • Jul 07
Old Mutual Limited Appoints Prabashini Moodley as Chief Executive Officer of New Life & Savings Segment, Effective 1 August 2025 Shareholders are hereby notified of the appointment of Ms. Prabashini Moodley as Chief Executive Officer (CEO) of Old Mutual's newly configured Life and Savings segment, effective 1 August 2025. Prabashini will report directly to the Group CEO, Jurie Strydom. The Life and Savings segment will consist of four business units namely, Personal Finance, Old Mutual Wealth Management, Old Mutual Corporate, and the Mass and Foundation Cluster (MFC) - excluding banking. The Managing Directors of these business units will report to Prabashini. The formation of the Life and Savings segment will ultimately enable more effective delivery to customers and intermediaries in South Africa and greater leveraging of the benefits of scale efficiencies in key areas. Prabashini is currently the Managing Director of Old Mutual Corporate and has enjoyed a long and successful career at Old Mutual. She joined the Group in 2002 and qualified as an actuary shortly thereafter. Prabashini also holds a Global Executive MBA from IESE Business School and has served in various roles across Personal Finance, Old Mutual Investment Group, and the MFC, including four years as the MFC's Chief Financial Officer. Her international experience includes a tenure at Skandia México, where she established and led a customer segment business. These changes reflect Old Mutual's continued commitment to enhancing organisational effectiveness, driving operational efficiency, and delivering sustainable value to customers and all stakeholders. Tillkännagivande • May 30
Old Mutual Limited Announces Board Elections Old Mutual Limited announced that at its AGM held on May 30, 2025, shareholders approved the election of Brian Armstrong, Jaco Langner, Sizeka Magwentshu-Rensburg, Trevor Manuel, James Mwangi and Iain Williamson as member of the responsible business committee. Tillkännagivande • May 09
Old Mutual Limited Announces CEO Changes Old Mutual Limited announced appointment of Mr. Jurie Strydom as its Chief Executive Officer of the company. To ensure a smooth, managed, and rapid transition of executive authority and subject to regulatory approvals, Jurie will commence working as CEO designate, alongside CEO Iain Williamson until the conclusion of the Annual General Meeting ("AGM") on 30 May 2025, when he will become CEO with effect from 1 June 2025. Iain Williamson will continue as Board director until the conclusion of the AGM; and then remain available to advise and support the CEO and Board until his retirement on 31 August 2025. A qualified actuary and graduate of the University of Cape Town, Jurie also holds an MBA from the Massachusetts Institute of Technology, and qualified as a Chartered Financial Analyst ("CFA") from the CFA Institute in the United States. A highly experienced leader with decades of top management and board experience in financial services and insurance, he has served as CEO of Sanlam Life and Savings, Regent Insurance Group, Alexander Forbes Life, and was Executive Director at Imperial Holdings. Jurie is a fintech investor and the Chairman of FSPHub* as well as the Chairman of Common Good, a not-for-profit company that creates transformational opportunities for underprivileged communities in the areas of early childhood support, education and employment. Tillkännagivande • May 06
Old Mutual Limited to Report First Half, 2025 Results on Sep 10, 2025 Old Mutual Limited announced that they will report first half, 2025 results on Sep 10, 2025 Tillkännagivande • Apr 16
Old Mutual Limited, Annual General Meeting, May 30, 2025 Old Mutual Limited, Annual General Meeting, May 30, 2025. Location: the auditorium, ground floor, mutual place, 107 rivonia road, sandton, johannesburg South Africa Tillkännagivande • Mar 18
Old Mutual Board Declares Final Dividend for the Year Ended 31 December 2024, Payable on 14 April 2025 (South African Register) and 7 May 2025 (UK Register) The Old Mutual Board declared a final dividend of 52 cents per share. This results in a full year dividend of 86 cents per share and a dividend cover of 1.6 times for the year ended 31 December 2024, which is in line with Old Mutual's dividend cover target range of 1.5x to 2.0x adjusted headline earnings over the financial year. The growth in the final dividend from
the prior year was due to resilient operational performance and strong capital and liquidity position. The final dividend will be paid out of distributable income reserves to all ordinary shareholders recorded on the record date. Record Date: 11 April 2025, Payment Date: 14 April 2025 (South African register) and 7 May 2025 (UK register), Ex-Dividend Dates: 9 April 2025 (South African register) and 10 April 2025 (UK register). Tillkännagivande • Feb 19
Old Mutual Limited to Report Fiscal Year 2024 Results on Mar 18, 2025 Old Mutual Limited announced that they will report fiscal year 2024 results on Mar 18, 2025 Tillkännagivande • Nov 20
Old Mutual Limited (JSE:OMU) announces an Equity Buyback for 81,000,000 shares, for ZAR 1,000 million. Old Mutual Limited (JSE:OMU) announces a share repurchase program. Under the program, the company will repurchase up to 81,000,000 shares, for ZAR 1,000 million. The repurchased shares will be cancelled as issued shares and will revert to authorized but unissued share capital status. The program is till maximum amount is reached. Declared Dividend • Sep 30
First half dividend of N$0.34 announced Shareholders will receive a dividend of N$0.34. Ex-date: 14th October 2024 Payment date: 21st October 2024 Dividend yield will be 6.0%, which is lower than the industry average of 10%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 6.6% over the next 3 years. However, it would need to fall by 49% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Sep 27
First half 2024 earnings released: EPS: R1.20 (vs R0.97 in 1H 2023) First half 2024 results: EPS: R1.20 (up from R0.97 in 1H 2023). Revenue: R52.5b (up 8.5% from 1H 2023). Net income: R5.24b (up 20% from 1H 2023). Profit margin: 10.0% (up from 9.0% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is expected to fall by 80% p.a. on average during the next 2 years compared to a 36% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 26
Old Mutual Limited Declares Interim Dividend for the Half Year Ended 30 June 2024, Payable on 21 October 2024 and 15 November 2024 The Old Mutual Board declared an interim dividend of 34 cents per share. This results in a dividend cover of 2.0 times for the half year ended 30 June 2024, which is in line with Old Mutual's dividend cover target range of 1.5x to 2.0x adjusted headline earnings over the financial year. The growth in the interim dividend from the prior period was due to the company's resilient operational performance and strong capital and liquidity position. The interim dividend will be paid out of distributable income reserves to all ordinary shareholders recorded on the record date. Ex-dividend date for shareholders on the South African register and Malawi, Namibia and Zimbabwe branch registers is on 16 October 2024. Ex-dividend date for shareholders on the UK register on 17 October 2024. Record date (South African register and Malawi, Namibia and Zimbabwe branch registers) is on Close of business on 18 October 2024. Record date (UK register) is on 18 October 2024. Interim dividend payment date(JSE, MSE, NSX, ZSE) is on 21 October 2024 and (LSE) on 15 November 2024. Tillkännagivande • Sep 10
Old Mutual Limited Provides Earnings Guidance for the Six Months Ended 30 June 2024 Old Mutual Limited provided earnings guidance for the six months Ended 30 June 2024. For the period, the company expects Basic EPS of 115.1 cents to 124.7 cents. Tillkännagivande • Aug 09
Old Mutual Limited to Report First Half, 2024 Results on Sep 26, 2024 Old Mutual Limited announced that they will report first half, 2024 results on Sep 26, 2024 Tillkännagivande • Jul 25
An undisclosed buyer acquired an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU). An undisclosed buyer acquired an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU) on July 24, 2024. After completion, Old Mutual now holds 4.65% stake in Mustek.
An undisclosed buyer completed the acquisition of an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU) on July 24, 2024. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to R12.21, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Insurance industry in Africa. Total returns to shareholders of 34% over the past three years. Declared Dividend • Apr 01
Final dividend of N$0.49 announced Shareholders will receive a dividend of N$0.49. Ex-date: 15th April 2024 Payment date: 22nd April 2024 Dividend yield will be 6.9%, which is lower than the industry average of 10%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: R1.58 (vs R1.66 in FY 2022) Full year 2023 results: EPS: R1.58 (down from R1.66 in FY 2022). Revenue: R99.3b (down 5.9% from FY 2022). Net income: R7.07b (down 3.5% from FY 2022). Profit margin: 7.1% (up from 6.9% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 27
Old Mutual Limited Declares Final Dividend for the Year Ended 31 December 2023, Payable on 22 April 2024 The Old Mutual Limited Board declared a final dividend of 49 cents per share. This results in a full year dividend of 81 cents per share and a dividend cover of 1.5 times for the 2023 year, which is in line with company's dividend cover target range of 1.5x to 2.0x adjusted headline earnings over the financial year. The final dividend will be paid out of distributable income reserves to all ordinary shareholders recorded on the record date. Record date (South African register and Malawi, Namibia and Zimbabwe branch registers) is April 19, 2024. Record date (UK register) is April 19, 2024. Final dividend payment date (JSE, MSE, NSX, ZSE is April 22, 2024). Final dividend payment date (LSE) is May 21, 2024. Ex-dividend date for shareholders on the South African register and Malawi, Namibia and Zimbabwe branch registers is April 17, 2024. Ex-dividend date for shareholders on the UK register is 18 April 2024. Tillkännagivande • Mar 14
Old Mutual Limited Provides Earnings Guidance for the Year Ended 31 December 2023 Old Mutual Limited provided earnings guidance for the year ended 31 December 2023. For the year, the company expects IFRS profit after tax attributable to equity holders of the parent to be in the range of ZAR 6,540 million to ZAR 7,586 million and Basic EPS to be in the range of 146.7 cents to 169.8 cents. Tillkännagivande • Dec 06
Old Mutual Limited Announces Directorate Change Old Mutual Limited announced the appointment of Busisiwe Silwanyana and Johann (Jurie) Strydom as independent non-executive directors. Both directors will serve on the Actuarial, Audit and Risk committees. Busi Silwanyana (CA)SA holds a BCom (Financial Accounting), BCom (Hons) and Postgraduate Diploma in Accounting from the University of Cape Town and an MBA from Durham University in the United Kingdom, and is a member of The South African Institute of Chartered Accountants (SAICA). Jurie Strydom holds aBBusSc (Hons) from the University of Cape Town in Actuarial Science, is a Fellow of the Institute of Actuaries in the United Kingdom, a CFA Charterholder from the CFA Institute in the United States and an MBA from Massachusetts Institute of Technology (Sloan Fellow). Tillkännagivande • Sep 27
Old Mutual Limited Declares an Interim Dividend, Payable on 23 October 2023 The Old Mutual Limited Board declared an interim dividend of 32 cents per ordinary share, which amounts to 50% of adjusted headline earnings. The interim dividend will be paid out of income reserves. The growth in the interim dividend from the prior period is as a result of robust operational performance and strong capital and liquidity position. The interim dividend is in line with Old Mutual's dividend policy, which targets an ordinary dividend cover of 1.50 times to 2.00 times of adjusted headline earnings over the financial year. Shareholders on the London, Zimbabwean, Malawian and Namibian registers will be paid in the local currency equivalents of the interim dividend. Final dividend payment date on the South African register and Malawi, Namibia and Zimbabwe branch registers: Payable date for JSE, MSE, NSX, ZSE: 23 October 2023. Payable date for LSE: 17 November 2023. Tillkännagivande • Sep 13
Old Mutual Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023 Old Mutual Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the company expects Basic EPS (cents) of 86.0 cents - 107.4 cents. Headline earnings of SAR 3,884 Million- SAR 4,834 Million. HEPS (cents) of 86.3 cents - 107.3 cents, and Results from operations of SAR 3,939 Million - SAR 4,790 Million. IFRS profit after tax attributable to equity holders of the parent of SAR 3,869 million - SAR 4,836 million. Tillkännagivande • Jul 07
Old Mutual Limited to Report First Half, 2023 Results on Sep 27, 2023 Old Mutual Limited announced that they will report first half, 2023 results on Sep 27, 2023 Upcoming Dividend • Apr 05
Upcoming dividend of R0.51 per share at 6.4% yield Eligible shareholders must have bought the stock before 12 April 2023. Payment date: 17 April 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of Namibian dividend payers (13%). Higher than average of industry peers (5.4%). Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: R1.66 (vs R1.51 in FY 2021) Full year 2022 results: EPS: R1.66 (up from R1.51 in FY 2021). Revenue: R113.2b (down 54% from FY 2021). Net income: R7.33b (up 10.0% from FY 2021). Profit margin: 6.5% (up from 2.7% in FY 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 82% p.a. on average during the next 2 years, while revenues in the Insurance industry in Africa are expected to grow by 3.7%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 04
Old Mutual Limited to Report Fiscal Year 2022 Results on Mar 14, 2023 Old Mutual Limited announced that they will report fiscal year 2022 results on Mar 14, 2023 Tillkännagivande • Dec 07
Providence Life Assurance Company (Bermuda) Ltd acquired Old Mutual International from Old Mutual Limited (JSE:OMU) for $4.4 million. Providence Life Assurance Company (Bermuda) Ltd agreed to acquire Old Mutual International from Old Mutual Limited (JSE:OMU) for $3.3 million on March 24, 2022. Gobind Sahney, Jason Sutherland, and Dan Gray Directors of Providence Life Assurance Company will join Old Mutual International board. This acquisition is subject to the approval of the relevant regulatory authorities and is expected to complete sometime mid-year of 2022. As of December 6, 2022, this deal got approved by both the Guernsey Financial Services Commission, as well as the South African regulator. After the acquisition Old Mutual International (Guernsey) Ltd name will change to Alpha International Life Assurance Company (Guernsey) Ltd.
Providence Life Assurance Company (Bermuda) Ltd completed the acquisition of Old Mutual International from Old Mutual Limited (JSE:OMU) for $4.4 million on December 6, 2022. Upcoming Dividend • Sep 14
Upcoming dividend of N$0.25 per share Eligible shareholders must have bought the stock before 21 September 2022. Payment date: 17 October 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 7.1%. Lower than top quartile of Namibian dividend payers (10%). Higher than average of industry peers (5.0%). Reported Earnings • Sep 01
First half 2022 earnings released: EPS: R1.18 (vs R0.68 in 1H 2021) First half 2022 results: EPS: R1.18 (up from R0.68 in 1H 2021). Revenue: R8.91b (down 93% from 1H 2021). Net income: R5.22b (up 75% from 1H 2021). Profit margin: 59% (up from 2.5% in 1H 2021). Over the next year, revenue is expected to shrink by 84% compared to a 53% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 30
Old Mutual Limited Declares an Interim Dividend, Payable on 17 October 2022 The Old Mutual Limited Board declared an interim dividend of 25 cents per ordinary share which amounts to 44% of Adjusted headline earnings. The interim dividend will be paid out of income reserves. Interim dividend payment date 17 October 2022. The interim dividend payment date for shareholders on the Malawi Stock Exchange will be 18 October 2022 due to a public holiday on 17 October 2022. Tillkännagivande • Aug 11
Old Mutual Limited Provides Earnings Guidance for the Period Ended 30 June 2022 Old Mutual Limited provides earnings guidance for the period ended 30 June 2022. The company expects IFRS profit after tax attributable to equity holders of the parent to be ZAR 4,924 million - ZAR 5,520 million. Basic EPS to be 111.3 cents- 124.9 cents. Headline Earnings to be ZAR 4,824 - ZAR 5,455 million. HEPS to be 109.1 cents - 123.4 cents. Tillkännagivande • Jul 27
Old Mutual Limited Announces Retirement of Marshall Rapiya as Non-Executive Director, Effective 31 July 2022 In compliance with rule 3.59 of the JSE Listings Requirements, Old Mutual announced the retirement of Mr. Marshall Rapiya, with effect from 31 July 2022, as a non-executive director of the Company, having reached the Board's formal retirement age of 70 years on 25 July 2022. Tillkännagivande • Apr 27
Old Mutual Limited Announces Nosipho Molope Will Step Down from its Board Old Mutual Limited announced that Nosipho Molope has reached the maximum tenure (three terms of three years) on the Board and as a result will step down from the Board with effect from the conclusion of the Company's next AGM, which is scheduled to be held on May 27, 2022. Nosipho will however remain on the board of Old Mutual Life Assurance Company (South Africa) Limited. Tillkännagivande • Apr 22
Old Mutual Limited, Annual General Meeting, May 27, 2022 Old Mutual Limited, Annual General Meeting, May 27, 2022. Upcoming Dividend • Apr 06
Upcoming dividend of N$0.51 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 7.4%. Lower than top quartile of Namibian dividend payers (10%). Higher than average of industry peers (4.1%). Tillkännagivande • Apr 02
Old Mutual Limited to Report First Half, 2022 Results on Aug 29, 2022 Old Mutual Limited announced that they will report first half, 2022 results on Aug 29, 2022 Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: R1.51 (vs R1.16 loss in FY 2020) Full year 2021 results: EPS: R1.51 (up from R1.16 loss in FY 2020). Revenue: R245.3b (up 78% from FY 2020). Net income: R6.66b (up R11.8b from FY 2020). Profit margin: 2.7% (up from net loss in FY 2020). Over the next year, revenue is expected to shrink by 92% compared to a 52% decline forecast for the insurance industry in Africa. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 24
Old Mutual Limited to Report Fiscal Year 2021 Results on Mar 15, 2022 Old Mutual Limited announced that they will report fiscal year 2021 results on Mar 15, 2022 Tillkännagivande • Sep 20
Brait PLC Reportedly Revives Plans to Exit Consol Glass A consortium led by South African investment company Brait PLC (JSE:BAT) has revived plans to exit Consol Glass (Pty) Ltd., two sources said, possibly via an initial public offering (IPO) three years after a previous failed attempt. The private equity investors took Consol, which describes itself as sub-Saharan Africa’s largest glass manufacturer, private in 2007 for 6.1 billion rand, worth around $1 billion at the time. Brait’s interest in the company is held via its Brait Fund IV, which has a 29.7% stake in Consol. In 2018 the consortium, which also includes the private equity arm of insurer Old Mutual Limited (JSE:OMU) and Sanlam Limited (JSE:SLM), wanted to sell roughly a third of Consol to raise ZAR 3 billion, or around $250 million at the time after a depreciation in the value of the rand. That would have valued the entire company at around ZAR 10 billion. They have now appointed banks to advise them in their latest attempt at an exit, two sources, one directly involved in the discussions and another familiar with the matter, told Reuters. The options on the table include a second shot at an IPO, the source directly involved said, but declined to give any further details. Consol said in a statement its policy was not to comment on speculation but that it would advise all stakeholders accordingly in the event that any future IPO or change of ownership is concluded. “We do not speculate or provide comment on rumours pertaining to the asset owned or managed by Brait,” Brait told Reuters. Britain’s Barclays is one of the banks that is working with the consortium, both sources said. The second source familiar with the talks said the investment banking arm of local lender FirstRand, RMB, had also been appointed. Barclays and RMB declined to comment. Old Mutual and Sanlam did not immediately provide a comment. Three investment bankers told Reuters a series of exit attempts are on the horizon, especially in the industrials sector as South Africa slowly catches up with a trend already underway in the West. Upcoming Dividend • Sep 08
Upcoming dividend of R0.25 per share Eligible shareholders must have bought the stock before 15 September 2021. Payment date: 11 October 2021. Trailing yield: 3.2%. Lower than top quartile of Namibian dividend payers (6.5%). Lower than average of industry peers (4.0%). Reported Earnings • Sep 05
First half 2021 earnings released: EPS R0.68 (vs R1.29 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: R120.3b (up 248% from 1H 2020). Net income: R2.98b (up R8.61b from 1H 2020). Profit margin: 2.5% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Executive Departure • May 26
Lead Independent Director has left the company On the 21st of May, Peter de Beyer's tenure as Lead Independent Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Peter's name. A total of 3 executives have left over the last 12 months. Executive Departure • May 26
Independent Non-Executive Director has left the company On the 21st of May, Matthys du Toit's tenure as Independent Non-Executive Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Matthys' name. A total of 3 executives have left over the last 12 months. Upcoming Dividend • Apr 07
Upcoming dividend of N$0.35 per share Eligible shareholders must have bought the stock before 14 April 2021. Payment date: 24 May 2021. Trailing yield: 2.7%. Lower than top quartile of Namibian dividend payers (7.4%). Lower than average of industry peers (4.1%). Reported Earnings • Mar 25
Full year 2020 earnings released: R1.16 loss per share (vs R2.06 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: R137.5b (down 21% from FY 2019). Net loss: R5.10b (down 155% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 06
Old Mutual Limited (JSE:OMU) acquired an additional unknown stake in Absa Group Limited (JSE:ABG). Old Mutual Limited (JSE:OMU) acquired an additional unknown stake in Absa Group Limited (JSE:ABG) on February 4, 2021. As a result of the acquisition, stake of Old Mutual Limited in Absa Group Limited increased to 5.03% stake.
Old Mutual Limited (JSE:OMU) completed the acquisition of an additional unknown stake in Absa Group Limited (JSE:ABG) on February 4, 2021. Is New 90 Day High Low • Jan 21
New 90-day high: R12.90 The company is up 16% from its price of R11.12 on 23 October 2020. The Namibian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 15% over the same period. Tillkännagivande • Dec 15
Old Mutual Limited Appoints Olufunke (Funke) Ighodaro as Independent Non-Executive Director Old Mutual Limited approved the appointment of Ms. Olufunke (Funke) Ighodaro as an independent non-executive director of Old Mutual which was subject to the approval of the Prudential Authority in terms of the Insurance Act No 18 of 2017. The Prudential Authority advised the Company on 11 December 2020 of the approval of her appointment. Funke is a commercially astute and experienced business leader who has served on the boards of several private and publicly listed companies, bringing diverse and extensive leadership experience and expertise in a large number of business disciplines, but specifically in finance and business strategy, and governance and risk management. She will serve on the Board's Audit, Actuarial and Risk committees. Tillkännagivande • Nov 25
Old Mutual Limited (JSE:OMU) acquired unknown minority stake in Reunert Limited (JSE:RLO). Old Mutual Limited (JSE:OMU) acquired unknown minority stake in Reunert Limited (JSE:RLO) on November 24, 2020. Post completion, Old Mutual Limited hold 15.08% stake in Reunert Limited.
Old Mutual Limited (JSE:OMU) completed the acquisition of unknown minority stake in Reunert Limited (JSE:RLO) on November 24, 2020. Tillkännagivande • Nov 03
Old Mutual Limited Appoints Olufunke (Funke) Ighodaro as an Independent Non-Executive Director Old Mutual is announced that Ms. Olufunke (Funke) Ighodaro has been appointed as an independent non-executive director of Old Mutual. Her appointment is subject to the approval of the Prudential Authority in terms of the Insurance Act No 18 of 2017. Funke is a commercially astute and experienced business leader who has served on the boards of several private and publicly listed companies, bringing diverse and extensive leadership experience and expertise in a large number of business disciplines, but specifically in finance and business strategy, and governance and risk management. She will serve on the Board's Audit, Actuarial and Risk committees. Funke holds a BSc (Honours) degree from Salford University, is a Fellow of the Institute of Chartered Accountants in England and Wales and accredited as a Chartered Accountant with SAICA. She is a former CFO of Tiger Brands Limited and Primedia Limited and an Executive Director of Barloworld Limited and of 9mobile (Nigeria's fourth largest Telco). She founded and led the private equity business of Kagiso Trust Investment Group and is currently a non-executive director of Massmart Holdings Limited and an independent member of the investment committee of CellC. She was formerly a non-exeuctive director of Datatec Limited and Transaction Capital Limited. Is New 90 Day High Low • Oct 31
New 90-day low: R9.40 The company is down 18% from its price of R11.47 on 31 July 2020. The Namibian market is down 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Tillkännagivande • Sep 30
The management of Northern Capital Management completed the acquisition of a 80% stake in Northern Capital Management from Old Mutual plc. Old Mutual plc sold its 80% stake in Northern Capital Management to a group of executives of Northern Capital Management on February 4, 2003. The financial terms of the transaction were not disclosed.
The management of Northern Capital Management completed the acquisition of a 80% stake in Northern Capital Management from Old Mutual plc on February 4, 2003. Is New 90 Day High Low • Sep 26
New 90-day low: R9.49 The company is down 19% from its price of R11.71 on 26 June 2020. The Namibian market is down 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Tillkännagivande • Jul 30
Old Mutual Limited (JSE:OMU) acquired an unknown stake in Raubex Group Limited (JSE:RBX). Old Mutual Limited (JSE:OMU) acquired an unknown stake in Raubex Group Limited (JSE:RBX) on July 13, 2020. As a result of the transaction, Old Mutual Limited now owns 25% stake on an aggregated holdings basis of the total issued ordinary shares of Raubex Group Limited.
Old Mutual Limited (JSE:OMU) completed the acquisition of an unknown stake in Raubex Group Limited (JSE:RBX) on July 13, 2020. Tillkännagivande • Jul 08
Old Mutual Limited Appoints Iain Williamson as Its Chief Executive Officer Old Mutual announced the permanent appointment of Iain Williamson as its Chief Executive officer after months of court battles with ousted CEO, Peter Moyo. The company's losses became noticeable when it re-listed in Johannesburg in June 2018. The court disputes with the former CEO which lowered investor confidence, coupled with the prevailing COVI-19 (coronavirus) pandemic have also impacted the company's growth records. Therefore, Williamson will now be saddled with a huge responsibility of reviving Old Mutual's performance from a broader perspective.