First Mutual Holdings\u2019 subsidiary Pearl Properties Limited has changed name to First Mutual Properties (FMP) as part of the group\u2019s rebranding strategy. FMP, which is due to announce its 2017 interims on Wednesday afternoon, is separately listed on the Zimbabwe Stock Exchange (ZSE) and the listing has since been amended.<\/p>\n
\u201cShareholders are advised that the name of Pearl Properties has been changed to First Mutual Properties Limited.
\n\u201cThe listing on the ZSE has been amended with effect from 13th of September 2017 and the abbreviation is FMP and FMP.ZW on the ZSE Data Portal,\u201d said company secretary Sheila Lorimer in a notice to shareholders.
\nShe added that new share certificates will be issued as and when the company\u2019s shares are traded on the ZSE.
\nAs at May 2017, Pearl\u2019s rental income declined 5 percent to $2.85 million compared to $2.8 million mainly due to declining rentals, lower occupancies and increased voids.
\nFML recently got shareholders\u2019 approval to raise $17,25 million through a rights issue which will finance the acquisition of a 80,92 percent stake in Zimbabwe\u2019s largest short-term insurer NicozDiamond.FML intends to acquire the 80,92 percent stake in NicozDiamond from the state-run pension fund, National Social Security Authority (NSSA), in exchange for one FML share for every 5,02 NicozDiamond shares already held. In addition to that, FML\u2019s wholly owned subsidiary Tristar Insurance will be merged with NicozDiamond. <\/p>\n","protected":false},"excerpt":{"rendered":"
First Mutual Holdings\u2019 subsidiary Pearl Properties Limited has changed name to First Mutual Properties (FMP) as part of the group\u2019s rebranding strategy. FMP, which is due to announce its 2017 interims on Wednesday afternoon, is separately listed on the Zimbabwe Stock Exchange (ZSE) and the listing has since been amended. \u201cShareholders are advised that the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[68],"tags":[],"class_list":["post-4926","post","type-post","status-publish","format-standard","hentry","category-general"],"acf":[],"_links":{"self":[{"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/posts\/4926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/comments?post=4926"}],"version-history":[{"count":0,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/posts\/4926\/revisions"}],"wp:attachment":[{"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/media?parent=4926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/categories?post=4926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/tags?post=4926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}