Zimbabwe: Old Mutual Zim to List Empowerment Shares

30 November 2016

In an endorsement of Government's indigenisation programme, Old Mutual Zimbabwe Limited (OMZIL) will become the first company to trade its empowerment shares on the Financial Securities (FINSEC) Alternative Trading Platform (ATP).The integrated financial services company, will tomorrow list its shares on the empowerment segment of the newly licensed ATP.

"In pursuit of the company's approved indigenisation implementation plan, a total of 83 011 718 issued and fully paid B Class shares in the capital of the company have been set aside for allocation or have been allocated to the approved shareholders," Old Mutual said in an abridged statement.

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