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OLD MUTUAL PLC - Purchase of Nedbank Group Shares by Old Mutual Plc Non-Executive Director

Release Date: 13/09/2016 14:31
Code(s): OML     PDF:  
Wrap Text
Purchase of Nedbank Group Shares by Old Mutual Plc Non-Executive Director

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

       Ref 494/16

       13 September 2016


       PURCHASE OF NEDBANK GROUP SHARES BY OLD MUTUAL PLC NON-EXECUTIVE
       DIRECTOR

       Nedbank Group Limited (“Nedbank Group”), the majority-owned South African banking subsidiary of
       Old Mutual plc, has today made the following disclosure in respect of share dealings by an Old Mutual
       plc non-executive director.


       “DEALINGS IN SECURITIES BY A DIRECTOR


       In terms of paragraphs 3.63 - 3.65 of the Listings Requirements of the JSE, the following information
       is disclosed in respect of the dealings in shares by a director of Nedbank Group:


       Name:                                          V Naidoo
       Designation:                                   Non-executive chairman
       Date of transaction:                           12 September 2016
       Number of shares:                              1 080
       Average price per share:                       R210.15
       Lowest price per share:                        R209.75
       Highest price per share:                       R210.51
       Total value:                                   R226 962
       Nature of transaction:                         Purchase of ordinary shares
       Nature of trade:                               Open market
       Extent of interest:                            Indirect beneficial (held by a company of which Mr
                                                      Naidoo is the sole shareholder)


       The required written clearance for dealing in these shares has been obtained.”


       End


       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

       Notes to Editors
 
       Old Mutual provides investment, savings, insurance and banking services to 18.9 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.
       Old Mutual has announced a strategy of managed separation, which will entail separating its four businesses into
       standalone entities. The four businesses are:

       Old Mutual Emerging Markets: An African financial services leader, providing long-term savings, protection,
       investment and lending to retail and corporate customers

       Nedbank: Old Mutual owns a 54% stake in Nedbank, one of South Africa’s top four banks, providing wholesale
       and retail banking, insurance and asset management for individuals and businesses

       Old Mutual Wealth: a leading wealth management business in the UK and international markets

       OM Asset Management: Old Mutual owns 65.8% in the New York Stock Exchange listed OM Asset
       Management which offers a diverse range of investment strategies and products for institutions, delivered
       worldwide through seven US-based boutiques.



       For the year ended 31 December 2015, Old Mutual reported an adjusted operating profit before tax of £1.7 billion
       and had £304 billion of funds under management. For further information on Old Mutual plc and the underlying
       businesses, please visit the corporate website at www.oldmutual.com






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