• Johannesburg Stock Exchange (JSE) welcomes Old Mutual back onto the Main Board
  • A homecoming celebration for Africa's very own leading financial services group
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  • Johannesburg, 26 June 2018: Today, Old Mutual Limited, the investment, savings, insurance, and banking group, today bought back its primary listing to the JSE's Main Board.   This milestone ends the group's almost two decades, as a London-based, FTSE100 financial services group.
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  • Early in 2016, Old Mutual announced that it would re-strategise and separate its different businesses. This managed separation entailed breaking down the group into four separate entities, to unlock and create value for shareholders.
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Donna Nemer, Director, Capital Markets at the JSE, welcomed Old Mutual back onto to the exchange, adding that: "Welcoming Old Mutual Limited today is a cause for celebration not only for the company, but for the creation of a more diversified funding ladder to support businesses and services across Africa. It's what we need to boost investor confidence. Old Mutual is well-positioned in the Southern African Development Community while having exposure to key growth markets in East and West Africa.  At the JSE, we believe that growth happens when connections are made and this listing fosters a fruitful connection that will inspire mutual partnership, well-into a future and exciting opportunities for both local and international investors."

Old Mutual lists in the Life Insurance sector, joining its sister company Old Mutual PLC and five other companies listed in this sector. The sector's market capitalisation has now grown to R530 billion.  This listing brings the total number of listings on the JSE this year to ten, with a total market capitalisation of R14.8 trillion.

Old Mutual Limited is also going to be listed in Zimbabwe, Namibia and Malawi and it would continue to focus on the emerging markets in which the company has a significant presence already.

2A0A5032.jpg Zeona Jacobs – Marketing and Corporate Affairs Director, JSE ; Nicky Newton-King – CEO, JSE; Peter Moyo – CEO, Old Mutual Limited; Trevor Manuel – Chairman, Old Mutual Limited; Donna Nemer – Director Capital Markets, JSE; John Burke – Director Issuer Regulation, JSE.

 

ENDS

 

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The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 130 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE) and holds the chairmanship of the Association of Futures Markets (AFM). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. www.jse.co.za  

 

  • JSE contact
  • Bridget Mawelewele
  • Communications Officer
  • Tel: +27 011 520 7280
  • Email: bridgetm@jse.co.za
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  • Burson-Marsteller contact
  • Nkateko Khosa
  • Tel: +27 011 480 8561
  • Email: jse@bm-africa.com