Old Mutual Withdraws Resolutions Ahead of AGM
Why we think this is neutral
This RNS announcement does not contain any major news that would significantly impact the company's performance or outlook. It simply informs shareholders that two proposed resolutions for the upcoming AGM have been withdrawn due to changes in the company's leadership. As this is a routine administrative update, the overall sentiment is neutral.
Key Points
- Withdrawal of ordinary resolutions 2.6 and 3.6 from the AGM agenda
- Jurie Strydom appointed as new Old Mutual CEO
- Iain Williamson to retire from the Responsible Business committee
Summary
Old Mutual Limited has announced the withdrawal of two ordinary resolutions that were included in the notice for the company's upcoming annual general meeting. The withdrawn resolutions were for the proposed election of Jurie Strydom as a member of the Audit committee and Iain Williamson to the Responsible Business committee. These changes are due to Jurie Strydom's appointment as Old Mutual's new Chief Executive Officer and Iain Williamson's pending retirement.