IN BRIEF: Old Mutual says Black Economic Empowerment ownership ongoing

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Old Mutual Ltd - Cape Town-based investments, savings, insurance and banking company - Says that the verification and allocation process for its Broad-Based Black Economic Empowerment ownership transaction, known as Old Mutual Bula Tsela, is ongoing. Shares are expected to be issued to successful retail offer applicants on November 25.

Current stock price: R 10.62

12-month change: down 25%

Copyright 2022 Alliance News Limited. All Rights Reserved.