In 1999 Old Mutual demutualised and a holding company, Old Mutual plc was established. On 11 March 2016, the Old Mutual plc Board announced that it believed that the long-term interests of Old Mutual plc shareholders and other stakeholders would best be served by a managed separation of Old Mutual plc. The information in this section pertains to Old Mutual plc, Nedbank Unbundling, plc Reports, plc Results, plc Presentations, plc News Archive.
Old Mutual Demutualisation
About plc
Following the demutualisation of the Old Mutual Society in 1999, a holding company, Old Mutual plc, was established for the Group and listed on the London, Johannesburg, Malawi, Namibia and Zimbabwe stock exchanges.
Old Mutual plc expanded both its geographic footprint and its product offering through a series of South African and international acquisitions. These included the acquisition of Skandia in 2006, a global insurer based in Sweden, with operations in the United Kingdom (UK), the Nordics, France, Italy, Germany, Poland, Switzerland, Mexico, Colombia, Hong Kong, Singapore and Dubai; AIVA Holding Group S.A (AIVA) in Uruguay in 2012; Oceanic Life Assurance Limited and Oceanic General Insurance Limited in Nigeria in 2013; Provident Life Assurance Limited in Ghana in 2013; Faulu in Kenya in 2014 and a majority shareholding in UAP in Kenya in 2015.
Following its expansion the Old Mutual plc Group comprised the following primary businesses:
- Emerging Markets: A sub-Saharan African financial services business offering a range of solutions to retail and corporate customers through a multi-channel distribution network, with niche businesses in Latin America and China
- Old Mutual Wealth (later named Quilter plc after Managed Separation): A wealth management business focused on the upper and middle-income markets in the UK, with a presence in several other markets
- OMAM (US) (later renamed BrightSphere Investment Group after Managed Separation): A multi-boutique asset management business focused on the institutional market in the US. OMAM has subsequently rebranded to Brightsphere Investment Group. Nedbank: One of South Africa's five largest banks offering a range of banking and other financial services products to retail and wholesale customers.
Reports, Results and Presentations
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plc News Archive
Archive announcements
Old Mutual plc's archive announcements are available to view by searching for the Old Mutual plc stock code, OML, on the London Stock Exchange RNS service. We have also provided archive files of announcements in PDF format for the years 2016 - 2018 below:
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Nedbank Unbundling
More about Managed Separation.
As part of that Managed Separation, it was agreed that Old Mutual Emerging Markets (OMEM) would strengthen its focus on Africa and move its primary listing to Africa.
As Old Mutual Limited, our primary listing is now on the Johannesburg Stock Exchange. We also have a standard listing on the London Stock Exchange and secondary listings on three other stock exchanges in Africa: Namibia, Malawi and Zimbabwe.
The growth opportunities in Africa are enormous and exciting – and we are well positioned to make the most of those opportunities, while contributing significantly to the socio-economic progress of the communities we operate in.
One of them, Old Mutual Asset Management (OMAM), based in the US, was sold and is now called BrightSphere Investment Group.
Old Mutual Wealth based in the UK was rebranded as Quilter plc and is now independently listed on the London Stock Exchange – with a secondary listing on the Johannesburg Stock Exchange.
On 26 September 2018 Old Mutual Limited announced its plans to unbundle its 52% majority stake in Nedbank. After the Nedbank Unbundling, Old Mutual will retain a minority interest of 19.9% of the issued share capital of Nedbank in its shareholder funds.
For every three Old Mutual plc shares held, Old Mutual plc shareholders received one ordinary share in Quilter plc and three ordinary shares in Old Mutual Limited. They no longer hold any shares in Old Mutual plc.
For every 100 Old Mutual Limited shares owned at the point of distribution of the unbundled Nedbank shares, shareholders will receive approximately 3.2 Nedbank shares.
No, the fundamental way in which we operate is not changing, nor is the listing affecting the benefits of the policies and products our customers currently hold.
Our customers are in the same capable hands as they have always been. We continue to drive a customer-centric culture that is committed to elevating the quality of our product innovations, distribution channels and customer service.
And, of course, we continue to contribute positively to society and deliver benefits to all our stakeholders, including our customers, employees, communities, shareholders and partners in the public and private sectors.
Our employees benefit from being part of a company that is on the road to success, a company that is helping to drive the growth and positive transformation of the economies and communities we operate in.
The listing of Old Mutual Limited as an independent, standalone entity frees us to strengthen our focus on Africa. In fact, it brings us even closer to our long-term vision of being Africa’s financial services champion, and is therefore good news for all our customers and employees.
As an independent entity focused on Africa, with leaders who understand Africa, we are closer than ever to the markets in which we operate and we are in a stronger position to build the financial wellbeing of the customers we serve.
Read our corporate report, ‘Old Mutual - Embracing Change’ (Financial Mail, 19 July 2018)
If you have any queries regarding our products or services, please visit the website within your country using the links below:
If you have any questions relating to your shareholding, please contact the registrar of the share register on which your Old Mutual shares are held:
South Africa
JSE Investor Services (Pty) Ltd
+27 (0)86 140 0110 (if calling from South Africa)
+27 (0)11 029 0251 (if calling from overseas)
Email: investorenquiries@jseinvestorservices.co.za
Malawi
National Bank of Malawi
+265 (0)182 0622 | +265 (0)182 0054
email: nbminvestment@nedbankmw.com
Namibia
NSX Financial Market Services
+264 (0) 83 722 7647
Email: tfms@nsx.com.na
United Kingdom
Equiniti
0333 207 5952 (if calling from the UK)
+44 121 415 0805 (if calling from overseas)
Website: www.shareview.co.uk
Zimbabwe
Corpserve Share Transfer Secretaries
+263 (0) 4751559 | +263 (0) 4751561
Email: corpserve@escrowgroup.org
