Old Mutual boosts employee share schemes with multimillion-rand share purchases

Old Mutual ( (ODMUF) ) has provided an update.

Old Mutual has executed a series of on-market share purchases through its employee trusts to hedge obligations under its Employee Share Ownership Plan and Long-term Incentive Plan. The transactions, conducted on 24 and 26 March 2026, involved the acquisition of several million rand worth of ordinary shares, reflecting ongoing support for employee equity participation.

The Broad-Based Black Economic Empowerment Employee Trust and the Old Mutual Limited Employee Trust jointly acquired more than three million shares at prices around R13.46 to R13.84 per share. These indirect beneficial transactions underline Old Mutual’s continued commitment to long-term incentive alignment with staff and to empowerment structures, while complying with JSE Listings Requirements for clearance and disclosure of dealings in its securities.

More about Old Mutual

Old Mutual is a premium African financial services group providing a broad range of insurance, investment, savings and banking solutions to retail and corporate clients. The group operates primarily across 12 African countries, with a niche presence in China, and leverages more than 180 years of heritage in sub-Saharan Africa to position itself as a key financial partner to communities and broader society on the continent.

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