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JOHANNESBURG - Old Mutual Limited (JSE:OMU) disclosed on Thursday that its employee share trusts have purchased approximately 6.6 million ordinary shares worth R92.9 million ($5.1 million) in hedging transactions for employee incentive schemes.
According to a company statement, the Old Mutual Limited Broad-Based Black Economic Empowerment Employee Trust acquired 3.62 million shares across three separate transactions on October 27-28, 2025, at prices ranging from R13.76 to R14.49 per share. The total value of these purchases amounted to R50.86 million.
Simultaneously, the Old Mutual Limited Employee Trust purchased 2.99 million shares in three transactions over the same period, with a total value of R42.03 million.
The transactions were executed to hedge obligations related to the company’s Employee Share Ownership Plan and Long-term Incentive Plan awards, the company stated in its regulatory filing.
All purchases were made on the open market, with the highest price paid being R14.49 per share on October 28, and the lowest being R13.76 per share on October 27.
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 is a financial services group operating primarily across 12 African countries, with a niche business in China. The company offers financial solutions to both retail and corporate customers across various market segments.
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