As many shareholders will know by now, the Old Mutual plc group is proposing to separate its underlying businesses in Africa, the UK and elsewhere through a process called “managed separation”.
If the proposals to finalise the strategy are approved, then Old Mutual plc shareholders will receive shares in Old Mutual Limited, the new name of the African business, and Quilter plc, the new name of the UK business, in exchange for their existing shares.
Later in the year, the Group also intends to distribute most of its Nedbank shares to shareholders.
In order to proceed the Group needs its shareholders to vote and has invited them to do so either by returning voting forms or by voting electronically.
Details of the process have been sent by post in a special Shareholder Pack and shareholders who have NOT received their pack are urged to call Link Market Services on +27 (0)86 140 0110 or +27 (0)11 029 0251
The “Shareholder Pack” contains a full explanation of the managed separation - as well as details of what will happen with current Old Mutual plc shares and instructions on how shareholders can vote.
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