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Originally published by Capital Business
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business
June 8, 2026
4h ago

Old Mutual seeks balance sheet overhaul to boost future dividends

Old Mutual seeks balance sheet overhaul to boost future dividends

Old Mutual intends to reduce its share premium account and apply the amount toward accumulated losses currently reflected on its balance sheet. The move is designed to strengthen the Group's financial position and improve flexibility for future shareholder returns. Kenya breaking..

✨ Key Highlights

Old Mutual Holdings PLC is proposing a balance sheet overhaul to improve its capacity for future dividend payments and long-term investor value. Shareholders will vote on the plan at the company's 18th Annual General Meeting on June 30, 2026.

  • Old Mutual Holdings PLC seeks to offset Sh4.66 billion from its share premium account against accumulated losses.
  • The proposal aims to strengthen the Group’s financial position and enhance flexibility for future shareholder returns.
  • This move, endorsed by the Board, will require High Court confirmation if approved by shareholders.

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