Old Mutual Discloses Reduction in Absa Capital Securities’ Stake

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

Old Mutual has disclosed that Absa Capital Securities has reduced its beneficial interest in the company’s ordinary shares to 0.92% of issued share capital, acting on behalf of underlying clients. The change in holding, reported under South Africa’s Companies Act and JSE Listings Requirements, is a routine regulatory event that signals a modest shift in institutional ownership but does not in itself indicate any change in Old Mutual’s strategic direction or operations.

The board confirmed the accuracy of the information as aligned with the filing to the Takeover Regulation Panel, underscoring compliance with market disclosure rules. The announcement, which has been made available on Old Mutual’s website, maintains transparency for investors and other stakeholders across the African capital markets where the group is listed.

More about Old Mutual

Old Mutual is a premium African financial services group that provides a broad range of financial solutions to retail and corporate clients across key market segments in 12 countries. The group’s primary operations are in Africa, complemented by a niche business in China, and it leverages its more than 180-year heritage in sub-Saharan Africa to play a significant role in the communities and societies it serves.

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