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OLD MUTUAL LIMITED - Dealings in Securities by Directors and Company Secretary of Old Mutual

Release Date: 26/03/2019 16:05
Code(s): OMU     PDF:  
Wrap Text
Dealings in Securities by Directors and Company Secretary of Old Mutual

Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or “the Company”)

Ref 05/19
26 March 2019

DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF OLD MUTUAL

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders
are advised that the following directors and company secretary of Old Mutual
have been awarded and accepted forfeitable shares in terms of the company’s
Employee Share Ownership Plan (ESOP) and Long-Term Incentive Plan (LTIP) Rules:

Director                             Mthandazo Peter Moyo
Position                             Chief Executive Officer
Company                              Old Mutual
Nature of transactions               Off-market award of forfeitable shares in
                                     respect of the ESOP Deferred Bonus Award
Class of Securities                  Ordinary shares
Date of Award                        20 March 2019
Date of Acceptance                   22 March 2019
Vesting Date                         20 March 2022
Number of shares                     219,027
Grant Price per share                R21.75 (being the closing price on 19
                                     March 2019)
Value of Transaction                 R4,763,821
Nature of interest                   Direct beneficial
Clearance obtained                   Yes
Place of the transaction             XOFF

Director                             Mthandazo Peter Moyo
Position                             Chief Executive Officer
Company                              Old Mutual
Nature of transactions               Off-market award of forfeitable shares in
                                     respect of the LTIP Award
Class of Securities                  Ordinary shares
Date of Award                        20 March 2019
Date of Acceptance                   22 March 2019
Vesting Date                         Award vests in equal tranches on 20 March
                                     2022, 20 March 2023 and 20 March 2024
                                     respectively subject to meeting the
                                     required conditions as determined by the
                                     OML Remuneration Committee.
Number of shares                     579,311
Grant Price per share                R21.75 (being the closing price on 19
                                     March 2019)
Value of Transaction                 R12,600,000
Nature of interest                   Direct beneficial
Clearance obtained                   Yes
Place of the transaction             XOFF

Director                             Casparus Gerhardus Troskie
Position                             Chief Financial Officer
Company                              Old Mutual
Nature of transactions               Off-market award of forfeitable shares in
                                     respect of the ESOP Deferred Bonus Award
Class of Securities                  Ordinary shares
Date of Award                        20 March 2019
Date of Acceptance                   22 March 2019
Vesting Date                         20 March 2022
Number of shares                     119,371
Grant Price per share                R21.75 (being the closing price on 19
                                     March 2019)
Value of Transaction                 R2,596,315
Nature of interest                   Direct beneficial
Clearance obtained                   Yes
Place of the transaction             XOFF

Director                             Casparus Gerhardus Troskie
Position                             Chief Financial Officer
Company                              Old Mutual
Nature of transactions               Off-market award of forfeitable shares in
                                     respect of the LTIP Award
Class of Securities                  Ordinary shares
Date of Award                        20 March 2019
Date of Acceptance                   22 March 2019
Vesting Date                         Award vests in equal tranches on 20 March
                                     2022, 20 March 2023 and 20 March 2024
                                     respectively subject to meeting the
                                     required conditions as determined by the
                                     OML Remuneration Committee.
Number of shares                     238,966
Grant Price per share                R21.75 (being the closing price on 19
                                     March 2019)
Value of Transaction                 R5,197,500
Nature of interest                   Direct beneficial
Clearance obtained                   Yes
Place of the transaction             XOFF

Group Company Secretary              Elsabé Margaretha Kirsten
Position                             Company Secretary
Company                              Old Mutual
Nature of transactions                Off-market award of forfeitable shares in
                                      respect of the ESOP Deferred Bonus Award
Class of Securities                   Ordinary shares
Date of Award                         20 March 2019
Date of Acceptance                    22 March 2019
Vesting Date                          20 March 2022
Number of shares                      15,931
Grant Price per share                 R21.75 (being the closing price on 19
                                      March 2019)
Value of Transaction                  R346,497
Nature of interest                    Direct beneficial
Clearance obtained                    Yes
Place of the transaction              XOFF

Sponsors:
 Johannesburg Stock Exchange   Merrill Lynch South Africa (Pty) Limited
 Namibia                       PSG Wealth Management (Namibia) (Proprietary)
                               Limited
Zimbabwe                       Imara Capital Zimbabwe plc
Malawi                         Stockbrokers Malawi Limited

Enquiries:
Investor Relations
Sizwe Ndlovu                   T: +27 (0)11 217 1163
Head of Investor Relations     M: +27 (0)83 500 8019
                               E: tndlovu6@oldmutual.com

Communications:
Tabby Tsengiwe                 T: +27 (11) 217 1953
Head of Communications         M: +27 (0)60 547 4947
                               E: ttsengiwe@oldmutual.com


Notes to Editors
About Old Mutual Limited

Old Mutual is a premium African financial services group that offers a broad
spectrum of financial solutions to retail and corporate customers across key
markets segments in 17 countries. Old Mutual's primary operations are in South
Africa and the rest of Africa, and it has niche businesses in Latin America and
Asia. With over 170 years of heritage across sub-Saharan Africa, we are a crucial
part of the communities we serve and broader society on the continent.

For further information on Old Mutual, and its underlying businesses, please
visit the corporate website at www.oldmutual.com.

Date: 26/03/2019 04:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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