On 26 June 2018, we celebrated the primary listing of Old Mutual Limited in its home continent, Africa.

June 27, 2018

This is a big moment for our business.

 

We are very proud of our deep African roots and our strong reputation spans 173 years. We see this remarkable moment in our history as an extraordinary opportunity to demonstrate our commitment to the stability and prosperity of this continent.

 

Our deep, long-standing commitment to making a positive impact in the communities and countries where we operate remains a priority, together with our quest to champion financial inclusion, education and responsible investment.

 

Exciting opportunities lie ahead for us as an independently listed business and we look forward to delivering sustainable profit growth and returns for our shareholders, and making positive contributions to the societies in which we operate.

 

By driving long-term economic growth in Africa, we can positively impact the lives of all our customers and communities on the continent. 

 

No. 1 Old Mutual Place has been officially opened by His Excellency, The President of the Republic of South Africa, Mr Cyril Ramaphosa. A gala dinner, attended by the President, Old Mutual Limited Chairman Mr Trevor Manuel and Chief Executive Officer Mr Peter Moyo, was held to celebrate the occasion as well as the primary listing of Old Mutual Limited on the Johannesburg Stock Exchange on the 26th June 2018.

 

Our Listing Story

 

Old Mutual was started in Africa in 1845, and rapidly developed into a recognised brand across much of Southern Africa.

 

Over the years our business expanded internationally and in 1999 we listed on the London Stock Exchange.

 

In March 2016, it was decided that the best way forward for the Old Mutual Group was to separate its four strong businesses into independent, standalone companies.

 

The foremost aim of this strategy – called Managed Separation – has been to unlock and create value for shareholders.

 

In short, it became clear that the Group’s complex structure and the high running costs of operating in diverse geographies and regulatory environments actually locked in value. To unlock that value, a Managed Separation of the four underlying businesses – Old Mutual Emerging Markets, Nedbank, UK based Old Mutual Wealth and US based Old Mutual Asset Management – was necessary.

 

ENDS

 

 

 

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