Old Mutual Limited (JSE/LSE: OMU), the pan-African financial services group, has disclosed a series of on-market share purchases conducted by its two employee share incentive trusts on 30 October and 2 November 2026. The transactions, carried out as hedging purchases in connection with the company's Employee Share Ownership Plan and Long-term Incentive Plan awards, involved a combined total of approximately 5.73 million ordinary shares across six separate dealings. The disclosure was made in accordance with JSE Limited Listings Requirements, with clearance to deal confirmed ahead of the transactions.

Key Points

  • Old Mutual Limited (JSE/LSE/NSX/MSE/ZSE: OMU) — incorporated in the Republic of South Africa
  • Two employee trusts purchased approximately 5.73 million ordinary shares across six on-market hedging transactions on 30 October and 2 November 2026
  • Combined total transaction value across all six dealings was approximately R81.2 million, with share prices ranging between R14.1779 and R14.3000
  • Investors may be watching whether further trust activity is disclosed as incentive plan award cycles progress

Old Mutual's BB-BEE Employee Trust Accounts for the Majority of Shares Purchased

The Old Mutual Limited Broad-Based Black Economic Empowerment (BB-BEE) Employee Trust conducted three of the six disclosed transactions. On 30 October 2026, it purchased 202,763 shares at a volume weighted average price (VWAP) of R14.2676, totalling R2,892,941.38, and separately acquired 3,175,357 shares at a VWAP of R14.1779, totalling R45,019,894.01. A further 14,810 shares were purchased on 2 November 2026 at R14.2444 per share, amounting to R210,959.56. All interests are described in the announcement as indirect beneficial.

Old Mutual Employee Trust Completes Parallel Set of Hedging Purchases Across the Same Dates

The Old Mutual Limited Employee Trust mirrored the BB-BEE Trust's activity with three corresponding transactions. On 30 October 2026, it purchased 139,460 shares at a VWAP of R14.2676 for R1,989,759.50, and 2,183,950 shares at a VWAP of R14.1779 for R30,963,824.71. On 2 November 2026, a further 10,180 shares were acquired at R14.2444, totalling R145,007.99. As with the BB-BEE Trust dealings, the extent of interest is stated as indirect beneficial, and all transactions were on-market purchases conducted as hedging transactions.

JSE Listings Requirements Compliance and Sponsor Arrangements Underpin the Disclosure

The announcement states that clearance to deal was obtained in accordance with paragraph 6.83 of the JSE Listings Requirements, and the disclosure itself satisfies obligations under paragraph 6.90 of the JSE Listings Requirements and paragraph 6.45 of the JSE Debt and Specialist Securities Listings Requirements. Old Mutual's JSE equity sponsor is Tamela Holdings (Proprietary) Limited, with Nedbank Corporate and Investment Banking acting as debt sponsor. Regional sponsors cover Namibia, Zimbabwe, and Malawi, reflecting Old Mutual's footprint across 12 countries in sub-Saharan Africa and a niche presence in China.