Old Mutual Advances Share Buyback, Cancelling Over 3% of Shares in Issue

Old Mutual ( (ODMUF) ) has issued an announcement.

Old Mutual has repurchased 147,004,816 ordinary shares, representing 3.12% of its shares in issue as at 30 May 2025, under a general authority granted by shareholders. The buyback, executed on the JSE between October 2025 and March 2026 at an average price of R14.11 per share and funded from surplus cash, includes shares already delisted and cancelled as well as treasury shares scheduled for cancellation.

The programme reduces the number of ordinary shares in issue and lowers total shareholders’ equity by the amount of consideration paid, with a corresponding decrease in cash and cash equivalents. The board has confirmed compliance with solvency and liquidity requirements, indicating the company’s capital position remains sound while the repurchase may enhance capital efficiency and improve value for remaining shareholders.

More about Old Mutual

Old Mutual is a premium African financial services group providing a wide range of financial solutions to retail and corporate customers across key market segments in 12 countries, with primary operations in Africa and a niche presence in China. With more than 180 years of heritage in sub-Saharan Africa, it plays a significant role in the communities it serves and in broader society on the continent.

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