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OLD MUTUAL PLC - Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons

Release Date: 19/03/2015 15:00
Code(s): OML     PDF:  
Wrap Text
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons

       OLD MUTUAL PLC
       ISIN CODE: GB00B77J0862
       JSE SHARE CODE: OML
       NSX SHARE CODE: OLM
       ISSUER CODE: OLOMOL


       Ref 208/15
       19 March 2015


       NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
       MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS IN ACCORDANCE WITH
       RULE 3.1.4R OF THE DISCLOSURE AND TRANSPARENCY RULES
       The following award over restricted ordinary shares in Nedbank Group Limited (“Nedbank”) was made
       to Mike Brown, Chief Executive of Nedbank and a member of the Group Executive Committee of Old
       Mutual plc, under the terms of the Nedbank Group (2005) Share Option, Matched Share and
       Restricted Share Scheme on 12 March 2015:


        Vesting criteria         Number of Restricted shares granted    Value
        Performance-based        50,826                                 R12,999,766



       The restricted shares were granted at no cost to Mr Brown based upon the volume-weighted average
       price (R255.77) for the three trading days ending 25 February 2015, being the three trading days
       immediately after the publication of Nedbank’s 2014 results, and vesting of these shares is due to
       occur on 13 March 2018.


       Enquiries
       External communications
       Patrick Bowes                      UK   +44 20 7002 7440
       Investor relations
       Dominic Lagan                      UK   +44 20 7002 7190
       Sizwe Ndlovu                       SA   +27 11 217 1163

       Media
       William Baldwin-Charles                 +44 20 7002 7133
                                               +44 7834 524833


       Sponsor:
       Merrill Lynch South Africa (Pty) Ltd


       Joint Sponsor:
       Nedbank Capital




INVESTMENT | SAVINGS | INSURANCE | BANKING
       Notes to Editors
       Old Mutual provides investment, savings, insurance and banking services to more than 17 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 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on
       an IFRS basis) and had £319 billion of funds under management from core operations.
       For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com




INVESTMENT | SAVINGS |INSURANCE | BANKING

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