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Old Mutual ( (ODMUF) ) has provided an update.
Old Mutual has disclosed an on-market purchase of 456,900 ordinary shares executed by an escrow agent on behalf of chief executive officer Johann Jurie Strydom under a previously announced CEO outperformance plan. The shares, acquired at a volume-weighted average price of R13.8302 for a total value of about R6.3 million, will be held in escrow until specified performance measures are met, underlining the group’s commitment to performance-linked executive remuneration and governance transparency for shareholders and debtholders.
More about Old Mutual
Old Mutual is a premium African financial services group providing a broad range of financial solutions to retail and corporate customers across key market segments in 12 countries. The group’s primary operations are in Africa, with a niche presence in China, and it plays a longstanding role in sub-Saharan communities and broader society on the continent.
For detailed information about ODMUF stock, go to TipRanks’ Stock Analysis page.