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By Alois Vinga
NATIONAL Social Security Authority (NSSA) has announced plans to offload 31.22 % stake in First Mutual Holdings Limited (FMHL) in line with the investment strategy.
In an update, FMHL group company secretary, Sheila Lorimer said the move will result in the bringing of a strategic investor with sound financial resources.
“Shareholders are advised that the NSSA has announced its intention to reduce its stake in FMHL from the current 66.22% to 35% through offloading up to 31.22% to a strategic partner.
“This move will see NSSA in compliance with regulatory requirements, while bringing in a strategic investor with solid financial resources,” Lorimer said.
By Alois Vinga
ZIMBABWE Stock Exchange listed property concern, First Mutual Properties (FMP) has set aside $7.3 million quarterly dividend pay-out indicating the company’s bullish performance despite the obtaining economic challenges.
Several local companies are in dire straits owing to the difficult economic operating environment which has been further weakened by the impact deadly Covid-19.
But this week, FMP group company secretary Sheila Lorimer indicated defiance against the obtaining difficulties through announcing a lucrative dividend pay-out.
“The board resolved that an interim quarterly dividend of $7,398,431 being 59 cents per share be declared from the profits for the quarter ended 30 September 2020.
“The dividend will be payable on or about 05 February 2021 to all shareholders of the Group registered at close of business on 29 January 2021. The shares of the Group will be traded cum-dividend on the Zimbabwe Stock Exchange up to 26 January 2021 and ex-dividend