Old Mutual Limited, a leading financial services group listed on the Zimbabwe Stock Exchange, has announced notable dealings in its ordinary shares on behalf of employee share incentive schemes.
This update is disclosed in compliance with paragraph 3.63 of the Johannesburg Stock Exchange (JSE) Listings Requirements.The transactions involve two Trusts affiliated with Old Mutual Limited, and the Broad-Based Black Economic Empowerment Employee Trust and the Old Mutual Limited Employee Trust.
Both Trusts conducted on-market purchases as part of hedging transactions linked to the company's Employee Share Ownership Plan and Long-term Incentive Plan awards.
On 29 October 2025, the Broad-Based Black Economic Empowerment Employee Trust acquired 1,888,193 ordinary shares at an average weighted price of R13.9467, with total transaction value approximating R26.33 million.
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The following day, on 30 October 2025, the same Trust bought an additional 1,584,221 shares at an average price of R13.6095, worth about R21.56 million.
Concurrently, the Old Mutual Limited Employee Trust purchased 1,560,381 shares on 29 October 2025, valued at roughly R21.76 million, and followed with an acquisition of 1,309,183 shares on 30 October 2025, amounting to approximately R17.82 million.
Both Trusts hold an indirect beneficial interest in the shares acquired. The purchases were conducted at market prices ranging from R13.51 to R14.15 per share during the respective transaction days.
Clearance for these dealings was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements, ensuring regulatory compliance.
Old Mutual Limited, with over 180 years of heritage, operates primarily across 12 countries in Africa along with a niche business in China, offering a wide range of financial solutions to retail and corporate clients.
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