The South African insurer, Old Mutual, is now ready to put its secondary listing on the Stockholm Stock Exchange, six months after making its ambitions public with a tender offer to Scandia shareholders.
“The fact that Old Mutual shares can now be traded on the Stockholm Stock Exchange means a lot to those investors who have received Old Mutual shares in return for Scandia shares,” said Jenny Rosberg, president of company services at OMX.
Old Mutual provides financial services focusing on savings and asset management, offering service such as life and non-life insurance, asset management and banking services, primarily in South Africa, the US and Europe.
“We are delighted to be listed on the Stockholm Stock Exchange and look forward to continuing to deliver profitable growth to both existing and new shareholders,” said Jim Sutcliffe, chief executive Old Mutual plc. “We are committed to providing the highest of disclosure to all our Swedish and international shareholders on the development of the Old Mutual group.”
Old Mutual’s primary listing has been on the London Stock Exchange since 1999 and it has secondary listings in South Africa, Malawi, Namibia and now also Stockholm.
A round lot in Old Mutual, whose short name will be OLDM, amounts to 1 000 shares and the company is included in the Financials segment. Additional information about such matters as Old Mutual’s sector classification is available on (See www.omxgroup.com/stockholmsborsen) under Press and Exchange Notices/Search/Equity-related information.