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Old Mutual PLC (OML.L)

OML.L on London Stock Exchange

187.90GBp
6 Dec 2016
Change (% chg)

0.40p (+0.21%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Old Mutual says could list wealth and emerging markets ops separately
Tuesday, 28 Jun 2016 02:00am EDT 

Old Mutual Plc : Old Mutual annual general meeting and update on trading and managed separation . Old Mutual Plc will be holding its annual general meeting at 11am today, June 28 2016 . Will also hold a general meeting immediately afterwards to consider a revised directors' remuneration policy and adoption of a new long-term incentive plan . Gross sales in year to date have been strong . Expected headwinds of weaker and more volatile foreign exchange and equity markets to which we made reference at our preliminary results have materialised-CEO . "To date we have seen larger than expected claims experiences in both property & casualty and corporate business." . Change in Plc responsibilities is resulting in a significant redesign of head office to ensure its structure and functions are aligned to discharging objectives outlined above . These include supporting efficient running of business, transitioning Plc activities to underlying businesses as appropriate and managing orderly and phased winding down of London head office . Have consulted with head office staff and reduced full time equivalent (FTE) headcount at Plc by 15 pct, and will see further phased reductions in FTEs as managed separation progresses . Expects EU referendum "may add increased levels of market volatility which may impact performance of underlying businesses".  Full Article

Old Mutual, OMAM agreed to accelerate and terminate capital management agreement
Tuesday, 14 Jun 2016 07:40am EDT 

Old Mutual Plc : OMAM has negotiated an acceleration and subsequent termination of deferred tax asset deed and seed capital management agreement with co . OMAM's on-going liabilities to Old Mutual under both agreements shall be satisfied earlier than expected .Omam acquires interest in landmark partners.  Full Article

Old Mutual says continuing to assess options regarding managed separation
Tuesday, 24 May 2016 02:20am EDT 

Old Mutual Plc : Response to media speculation . Will update market as and when appropriate . Can confirm that it is continuing to assess options available to it with regard to preferred route to effect managed separation announced on March 11 2016. .As a consequence of decision to proceed with managed separation of Old Mutual, we expect to receive interest in our assets periodically.  Full Article

Old Mutual PLC to split up, may list some businesses - Reuters News
Thursday, 10 Mar 2016 10:12pm EST 

Old Mutual PLC:Anglo-South African financial services group Old Mutual will split into its four main businesses, and may list its emerging market and wealth management arms, it said on Friday. - RTRS.Regulatory changes in Europe and South Africa have made the company, which started out in 1845 as a life insurance firm in Cape Town, more complex to run in its current form, it said."We have four very strong businesses ... there is little commonality and limited rationale for them to be combined into one group," chief executive Bruce Hemphill told a media call.Speculation about a break-up and possible bid for its UK wealth management business had boosted Old Mutual shares earlier this week, but the company made no mention of any offers. UBS analysts said that might disappoint shareholders.Old Mutual, which is listed in London and Johannesburg, will close its London head office to save 80 million pounds ($114 million) in costs, Hemphill said, without giving details on the number of jobs affected.  Full Article

Old Mutual PLC reaffirms FY 2015 EPS guidance
Monday, 2 Nov 2015 02:00am EST 

Old Mutual PLC:Says that its expectation of organic growth in diluted headline earnings per share (EPS) in FY 2015 to be above nominal GDP growth remains unchanged.  Full Article

Old Mutual Plc declares dividend
Friday, 11 Sep 2015 05:36am EDT 

Old Mutual Plc:Declares an interim dividend of 2.65p per share.The record date for this dividend payment is the close of business on Sept. 25.  Full Article

Old Mutual declares interim dividend
Thursday, 6 Aug 2015 02:02am EDT 

Old Mutual PLC:Declared interim dividend of 2.65 pence per ordinary share.Payable on October 30 to shareholders on the registers at the close of business on Sept. 25.  Full Article

Old Mutual PLC declares interim dividend
Tuesday, 4 Aug 2015 02:02am EDT 

Old Mutual PLC:Declares a gross interim dividend of 537 cents per ordinary share has been declared, payable to shareholders for the six months ended June 30.  Full Article

Old Mutual PLC completed the acquisition of a further stake in UAP Holdings
Wednesday, 24 Jun 2015 02:00am EDT 

Old Mutual PLC:Has completed the acquisition of a further 37.3 pct shareholding in UAP Holdings Ltd (UAP).Old Mutual now owns 60.7 pct of UAP.  Full Article

Old Mutual Plc receives regulatory approval for UAP acquisition
Wednesday, 3 Jun 2015 06:00am EDT 

Old Mutual Plc:Received all regulatory approvals for its acquisition of further 37.3% of UAP Holdings Ltd (UAP).Following completion of this acquisition, which is expected within the next two months, Old Mutual will hold a stake of 60.7 pt in UAP.  Full Article

BRIEF-S.Africa's Competition Commission approves Primedia-Old Mutual deal

* Approved merger whereby Primedia intends to Buy Primedia Interactive,Primedia Lifestyle from Old Mutual