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Old Mutual PLC OML Completion of redemption of preferred securities



  Old Mutual PLC (OML) - Completion of redemption of preferred securities

RNS Number : 1360N
Old Mutual PLC
25 September 2012
 



Ref 89/12

 

25 September 2012

 

 

Completion of redemption of U.S.$750,000,000 8 per cent. Guaranteed Cumulative
Perpetual Preferred Securities (the "Preferred Securities")

Old Mutual plc (the "Company") hereby announces that all of the Preferred
Securities, issued by Old Mutual Capital Funding L.P. (the "Limited
Partnership") on 19 May 2003, and guaranteed on a subordinated basis by the
Company, have been redeemed.

The redemption of the Preferred Securities will complete the Company's target
of £1.5 billion of debt reduction that it set in 2010 to be achieved by the
end of 2012.

Enquiries

 

External communications
Patrick Bowes           UK +44 (0)20 7002 7440
Investor relations
Kelly de Kock           SA +27 (0)21 509 8709 
Media
William Baldwin-Charles    +44 (0)20 7002 7133

                           +44 (0)7834 524 833

 

Notes to Editors

 

Old Mutual

 

Old Mutual is  an international long-term  savings, protection and  investment 
Group.   Originating  in  South  Africa  in  1845,  the  Group  provides  life 
assurance, asset management,  banking and  general insurance to  more than  12 
million customers in Africa,  the Americas, Asia and  Europe.  Old Mutual  has 
been listed  on the  London and  Johannesburg Stock  Exchanges, among  others, 
since 1999.

 

In the year  ended 31  December 2011,  the Group  reported adjusted  operating 
profit before tax of £1.5 billion (on  an IFRS basis) and had £267 billion  of 
funds under management from core operations.

 

For further information on Old Mutual plc, please visit the corporate website
at www.oldmutual.com 

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
END
 
 
MSCBKPDBPBKDNCB -0- Sep/25/2012 15:30 GMT
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