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WATCH: How Old Mutual plans to buy back more ‘undervalued’ shares
Business Day TV talks to Old Mutual acting CEO Iain Williamson about the group’s share buyback programme
03 September 2019 - 09:44
Old Mutual plans to spend R2.4bn on buying back its own “undervalued” shares.
“The board believes that the share price is trading at a discount to its intrinsic value and is of the view that a share repurchase programme will deliver longer-term incremental value to shareholders,” the group said in a statement...
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