Old Mutual

Old Mutual increased operating earnings per share by 11% and substantially improved returns: ROGEV rose to 12.7% and normalized RONAV to 12.6%, with both metrics for the first time exceeding estimated capital costs of 12.5%. Adjusted total earnings per share fell 27% due to weaker investment returns and longer bond duration; individual units such as Insure suffered storm-related losses. The board approved an 8.1% dividend increase and a share buyback of 1 billion rand, while OM Bank is growing in its scaling phase and had about 750,000 customers at the end of June. » Więcej na de.investing.com

Old Mutual is moving its secondary listing in Zimbabwe from the Zimbabwe Stock Exchange to the Victoria Falls Stock Exchange; trading is set to begin on 12 August 2026. The opening price will be determined by the market via the VFEX trading system by matching buy and sell orders without the usual price limits. From the second trading day onward, the regular VFEX price limits of 20% relative to the previous day's closing price will apply. Old Mutual operates in 12 African countries and is additionally listed on the Johannesburg, London, Malawi and Namibia stock exchanges. » Więcej na de.investing.com

Old Mutual has announced a virtual roundtable with shareholders for 29 July after the remuneration policy and remuneration report received only 68.39% and 70.72% support respectively at the annual general meeting on 5 June, falling short of the required 75% threshold. Shareholders can register online and submit their concerns or recommendations in writing to head of investor relations Langa Manqele by 24 July. The step follows recommendations of the King Code on Corporate Governance and JSE listing requirements. » Więcej na de.investing.com