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Old Mutual ( (ODMUF) ) just unveiled an update.
Old Mutual Limited announced the sale of ordinary shares by various employee trusts to cover income tax liabilities related to share grants under its Employee Share Ownership and Long-Term Incentive Plans. The transactions, conducted on-market, involved the sale of a total of 147,700 shares at a price of R11.6870 per share, reflecting the company’s compliance with JSE Limited’s listing requirements. This move underscores Old Mutual’s commitment to maintaining regulatory compliance and supporting its employee incentive schemes, which could enhance employee satisfaction and retention.
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 12 countries, primarily in Africa with a niche presence in China. With over 180 years of heritage, Old Mutual plays a significant role in the communities it serves and the broader society on the continent.
For detailed information about ODMUF stock, go to TipRanks’ Stock Analysis page.