Old Mutual CEO-Arthur Oginga-Photo|Courtesy

Old Mutual approves KSh4.67 Billion non‑cash restructuring to resume dividend payouts

The transaction involves no cash payments or distributions to shareholders, meaning it will not alter the number of shares held by investors or dilute their proportionate ownership of the company Old Mutual Holdings PLC shareholders have approved a non-cash balance sheet restructuring plan that will wipe out billions of shillings in accumulated losses and clear…

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