Eos Energy stock falls after Fuzzy Panda issues short report
JOHANNESBURG - Old Mutual Limited (JSE:OMU) disclosed that its employee share incentive schemes acquired approximately 6.34 million ordinary shares through on-market purchases on October 29 and 30, according to a statement released Friday.
The transactions, valued at approximately R87.5 million ($4.8 million), were executed as hedging transactions for the company’s Employee Share Ownership Plan and Long-term Incentive Plan awards.
The Old Mutual Limited Broad-Based Black Economic Empowerment Employee Trust purchased 1.89 million shares on October 29 at an average weighted price of R13.95 per share, totaling R26.33 million. The trust acquired an additional 1.58 million shares on October 30 at an average weighted price of R13.61, amounting to R21.56 million.
Separately, the Old Mutual Limited Employee Trust bought 1.56 million shares on October 29 at an average weighted price of R13.95, totaling R21.76 million. The trust purchased a further 1.31 million shares on October 30 at an average weighted price of R13.61, valued at R17.82 million.
The highest traded price during the two-day period was R14.15 on October 29, while the lowest was R13.51 on October 30.
The company confirmed that proper clearance to deal in securities was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements.
Old Mutual Limited is a financial services group operating primarily across 12 African countries, with a niche business in China. The company has been in operation for over 180 years across sub-Saharan Africa.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.