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The latest update is out from Old Mutual ( (ODMUF) ).
Old Mutual has announced the implementation of a new Outperformance Plan (OPP) for its Group CEO, Jurie Strydom, to address the company’s underperforming share price since 2018. The plan includes acquiring 13,799,448 ordinary shares to align the CEO’s performance with shareholder interests, featuring Forfeitable and Dividend Shares to reward exceptional performance. The CEO’s minimum shareholding requirement has also been increased to further align his interests with shareholders, demonstrating a commitment to long-term value creation.
More about Old Mutual
Old Mutual is a premium African financial services group that provides a wide range of financial solutions to both retail and corporate customers across key market segments in 12 countries. The company primarily operates in Africa, with a niche business presence in China. With over 179 years of heritage in sub-Saharan Africa, Old Mutual plays a significant role in the communities it serves and the broader society on the continent.
Find detailed analytics on ODMUF stock on TipRanks’ Stock Analysis page.