| Tue 6 Apr 2010, 16:00 | | OML - Old Mutual Plc - Notification of transactions of directors |
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OML
OLOML
OML - Old Mutual Plc - Notification of transactions of directors
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
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
MATURITY OF A NEDBANK MATCHING RESTRICTED SHARE AWARD TO A PDMR
On 30 March 2007, Mr M W T Brown, Chief Executive of Nedbank Group Limited
("Nedbank"), which is a majority-owned subsidiary of Old Mutual plc, pledged
8,878 Nedbank ordinary shares under the Nedbank 2005 Matched Share Scheme, on
the basis three years later 50% of the shares held in trust would be matched on
a one-for-one basis if Mr Brown remained in the employment of 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 in the employment of Nedbank on the vesting date, but the
predetermined Nedbank company performance target was not met, resulting in only
50% (4,439) of the shares being matched.
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Enquiries
Investor Relations
Patrick Bowes UK +44 (0)20 7002 7440
Deward Serfontein SA +27 (0)82 810 5672
Media
Don Hunter (Finsbury) UK +44 (0)20 7251 3801
06 April 2010
Sponsor: Merrill Lynch South Africa (Pty) Limited
Notes to Editors
Old Mutual
Old Mutual plc is an international long-term savings, protection and investment
Group. Originating in South Africa in 1845, the Group provides life assurance,
asset management, banking and general insurance in Europe, the Americas, Africa
and Asia. Old Mutual plc is listed on the London Stock Exchange and the JSE,
among others.
In the year ended 31 December 2009, the Group reported adjusted operating profit
before tax of GBP1.2 billion (on an IFRS basis) and had GBP285 billion of funds
under management at the year end. The Group has approximately 54,000 employees.
Date: 06/04/2010 16:00:16 Produced by the JSE SENS Department.
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