Old Mutual Trusts Buy 10.5 Million Shares in Roughly $8.5 Million Hedging Deal - The Zimbabwe Mail Old Mutual Trusts Buy 10.5 Million Shares in Roughly $8.5 Million Hedging Deal

Old Mutual Trusts Buy 10.5 Million Shares in Roughly $8.5 Million Hedging Deal - The Zimbabwe Mail Old Mutual Trusts Buy 10.5 Million Shares in Roughly $8.5 Million Hedging Deal

HARARE — Old Mutual’s two employee share trusts picked up a combined 10.5 million ordinary shares on the open market over 13 and 14 October, spending about R140.6 million, or roughly $8.53 million at mid-October exchange rates near R16.48 to the dollar. The Broad-Based Black Economic Empowerment Employee Trust accounted for 6.22 million of those […]