Wrap Text
The Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme
OLD MUTUAL PLC
ISIN: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Old Mutual plc
New Release
Ref 35/13
4 April 2013
THE NEDBANK GROUP (2005) SHARE OPTION, M ATCHED SHARE AND RES
SHARE SCHEME
2013 MATCHED SHARE SCHEME
On 2 April 2013, Mr M W T Brown, Chief Executive of Nedbank Group Limited (Nedbank) and a
member of the Group Executive Committee of Old Mutual plc, committed 16,099 Nedbank shares to
Nedbank’s 2013 Matched Share Scheme.
16,099 Nedbank ordinary shares were acquired and committed at a price of R195.66 per share, this
being the average price of Nedbank shares between 20 and 27 March 2013. These shares were
committed by Mr Brown under the compulsory bonus deferral scheme introduced by the Nedbank
Remuneration Committee in 2010 under which deferred amounts could be invested in the Matched
Share Scheme described above. The deferred amount would be forfeited should Mr Brown resign
before the end of the deferral period as well as in cases where, in the sole opinion of the board of
Nedbank, material irregularities or misrepresentation of financial results come to light during the
deferral period.
In addition, 1,533 shares were acquired and committed in respect of voluntary participation in the
Matched Share Scheme in terms of which Mr Brown could commit shares up to an equivalent value of
50% of his after-tax bonus (less the amount already deferred under the compulsory deferral scheme
described above). Mr Brown may dispose of these shares at any time prior to the vest vesting date, but
this would cancel his participation in the Scheme in respect of these shares. On the vesting date 50%
of the shares still held in trust in respect of Mr Brown’s portfolio will be matched on a one-for-one
basis if he remains employed by Nedbank at that time and a further 50% of the shares held on the
vesting date will be matched on a one-for-one basis if a predetermined company performance target
for the period 2013 to 2015 is met.
2010 MATCHED SHARE SCHEME
On 31 March 2010 (the Inception Date), Mr Brown pledged 9,246 Nedbank ordinary shares under the
2010 Matched Share Scheme, on the basis that o the vesting date (the day following three years
after the Inception Date) 50% of the shares held in trust would be matched on a one-for-one basis if
Mr Brown remained employed by Nedbank and a further 50% of the shares would be matched on a
one-for-one basis if a predetermine Nedbank company performance target was met.
Mr Brown remained employed by Nedbank on the vesting date, but the predetermined Nedbank
company performance target for the period 2010 to 2012 was not met, resulting in 4,624 shares
(being the 50% relating to the requirement for Mr Brown to remain employed) being matched.
Enquiries
External communications
Patrick Bowes UK +44 (0)20 7002 7440
Investor relations
Dominic Lagan UK +44 (0)20 7002 7190
Kelly de Kock SA +27 (0)21 509 8709
Media
William Baldwin-Charles +44 (0)20 7002 7133
+44 (0)7834 524 833
Notes to Editors
Old Mutual provides life assurance, asset management, banking and general insurance to more than
14 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845,
Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since
1999.
In the year ended 31 December 2012, the Group reported adjusted operating profit before tax of £1.6
billion (on an IFRS basis) and had £262 billion of funds under management from core operations.
For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com
Lead Sponsor:
Merrill Lynch South Africa (Pty) Ltd
Joint Sponsor:
Nedbank Capital
Date: 04/04/2013 01:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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