Old Mutual makes tender offer and proposal

Old Mutual has invited holders of its outstanding £350,000,000 Perpetual Preferred Callable Securities to tender any and all of their Securities for purchase by the company for cash.

It has also invited securityholders to approve, by Extraordinary Resolution, certain modifications to the terms and conditions of the Securities to provide for the company to redeem all, but not some only, of the Securities remaining (if any) on completion of the Offer.

At 9:48am: (LON:OML) Old Mutual Group PLC share price was -0.9p at 207.3p