Old Mutual Limited (Zimbabwe) unbundles 12.2% of its shareholding in Nedbank Group Limited

By Published On: October 28th, 2021Categories: Corporate announcement

This announcement does not constitute an offer or form part of any offer or invitation to purchase, subscribe for, sell or issue, or a solicitation of any offer to purchase, subscribe for, sell or issue, any securities (whether pursuant to this announcement or otherwise) in any jurisdiction, including an offer to the public or section of the public in any jurisdiction. This announcement does not comprise a prospectus.

  1. INTRODUCTION

Old Mutual Shareholders are referred to the unbundling announcement published on Wednesday, 23 June 2021 (“Unbundling Announcement”) regarding the unbundling of all of the Nedbank Shares held by Old Mutual Emerging Markets Proprietary Limited (being 62,131,692 Nedbank Shares and comprising 12.2% of the issued ordinary share capital of Nedbank as at 25 October 2021) to Old Mutual Shareholders by way of a distribution in specie in terms of section 46(1)(a)(ii) of the Companies Act, No. 71 of 2008 (the “Unbundling”).

Old Mutual is pleased to announce that all the regulatory approvals required to implement the Unbundling have been obtained and that the Unbundling will be