FMHL | Results of the Renounceable Offer

October 11, 2017|

Shareholders are advised that the results of the Rights offer made to members who were registered in the books of the company as at the close of business on 8 September 2017 that closed on 6 October 2017 are as follows:

Shares Amount Percentage Response
Rights Offer Subcriptions 124,387,314 11,675,759.78 67.68%
Underwriters’ Portion 67,984,081 5,574,694.61 32.32%
TOTAL RIGHTS OFFER SHARES 210,371,395 17,250,454.39 100.00%

The Rights Offer shares will be issued and listed on the Zimbabwe Stock Exchange with effect from Friday, 13 October 2017.

The Board of Directors and Management of First Mutual Holdings Limited take this opportunity to express their appreciation to shareholders, the underwriters and other stakeholders for their valued support.


Sheila F Lorimer (Mrs)
Group Company Secretary
11 October 2017


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First Mutual Holdings Limited is a leading financial management group in Zimbabwe offering services in risk management, wealth creation and wealth management in the insurance sector. The company has been in operation for over a century in the field of short-term insurance, short-term reassurance, life assurance and long-term re-insurance. It has a property management and development division and offers an actuarial consultancy service. Its main subsidiaries include: First Mutual Life, First Mutual Properties, First Mutual Health, TristarInsurance Company, First Mutual Wealth Management, First Mutual Reinsurance and FMRE Property & Casualty (Botswana). The company head office is in Harare, Zimbabwe. First Mutual Holdings Limited is listed on the Zimbabwe Stock Exchange.

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