Financial services group Momentum Metropolitan Holdings says it intends to implement a broad-based BEE trust that would hold 3% of its issued share capital, worth about R641m, on Friday.
The Momentum Metropolitan iSabelo Trust is being established to acquire and hold about 44.9-million shares, partly acquired from the open market, and partly through treasury shares.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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