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OLD MUTUAL PLC - Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

Release Date: 04/04/2014 15:50
Code(s): OML     PDF:  
Wrap Text
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

   OLD MUTUAL PLC
   ISIN CODE: GB00B77J0862
   JSE SHARE CODE: OML
   NSX SHARE CODE: OLM
   ISSUER CODE: OLOML
   Old Mutual plc
   Ref 31/14
   4 April 2014



   NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND 
   CONNECTED PERSONS

   NEDBANK 2011 MATCHED SHARE SCHEME
   On 31 March 2011 (the 2011 Inception Date), 10,584 Nedbank ordinary shares under the compulsory
   bonus share scheme element of the 2011 Matched Share Scheme and 4,233 Nedbank ordinary
   shares under the voluntary bonus share scheme element of the 2011 Matched Share Scheme were
   placed in trust in respect of Mr. Mike Brown, Chief Executive of Nedbank and a member of the Old
   Mutual plc Group Executive Committee, on the basis that on the vesting date (the day following three
   years after the 2011 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 predetermined Nedbank company performance target was met.
   
   Mr. Brown remained employed by Nedbank on the vesting date and the predetermined Nedbank
   company performance target for the period 2011 to 2013 was met, resulting in 100% of the shares
   being matched. The matched shares vested as follows:
    
    Date of vesting           Number of vested          Vesting price per        Total Value
                              shares                    share
    1 April 2014              14,817                    R222.50                  R3,296,782.50


   NEDBANK 2014 MATCHED SHARE SCHEME
   
   On 1 April 2014 (the 2014 Inception Date), 16,141 Nedbank ordinary shares under the compulsory
   bonus share scheme element of the 2014 Matched Share Scheme and 1,345 Nedbank ordinary
   shares under the voluntary bonus share scheme element of the 2014 Matched Share Scheme, were
   placed in trust in respect of Mr. Brown, on the basis that on the vesting date (the day following three
   years after the 2014 Inception Date) 50% of the shares held in trust would be matched on a one 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 predetermined Nedbank company performance target was met.
    
    Grant Date      Basis for award                Number of shares            Total Value
    1 April 2014    Compulsory bonus scheme        16,141                      R3,599,927.23
    1 April 2014    Voluntary bonus scheme         1,345                       R299,975.35

   The value of the shares was calculated using the weighted average price of Nedbank ordinary shares
   (R223.03) between 20 March 2014 and 28 March 2014.

Enquiries

External communications
Patrick Bowes                       UK       +44 20 7002 7440

Investor relations
Dominic Lagan                       UK       +44 20 7002 7190
Kelly de Kock                       SA       +27 21 509 8709

Media 
William Baldwin-Charles                      +44 20 7002 7133
                                             +44 7834 524833
Sponsor:
Merrill Lynch South Africa (Pty) Ltd

Joint Sponsor:
Nedbank Capital

Notes to Editors
Old Mutual provides life assurance, asset management, banking and general insurance to more than 16 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 S Stock Exchanges, among others, since 1999.
In the year ended 31 December 2013, the Group reported adjusted operating profit before tax of £1.6 billion (on
an IFRS basis) and had £294 billion of funds under management from core operations.
For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com

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