| Fri 16 Apr 2010, 17:15 | | OML - Old Mutual PLC - Notification of Transactions |
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OML
OLOML
OML - Old Mutual PLC - Notification of Transactions
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Ref 29/10
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 NEDBANK GROUP (2005) SHARE OPTION, MATCHED SHARE AND RESTRICTED SHARE
SCHEME
On 12 April 2010, Mr M W T Brown, Chief Executive of Nedbank Group Limited
and a member of the Group Executive Committee of Old Mutual plc committed
9,246 Nedbank Group Limited shares to the 2010 Matched Share Scheme.
4,351 shares were committed in respect of voluntary participation in the
Matched Share Scheme under which up to 50% of his after-tax bonus could be
used to acquire shares in the company. Mr Brown may dispose of these shares
at any time prior to the vesting date, being 1 April 2013, but this would
cancel his participation in the Scheme in respect of these shares. On the
vesting date, 50% of the shares still held in trust in respect of Mr Brown`s
portfolio will be matched on a one for one basis if he remains in the employ
of the company at that time and a further 50% of the shares held on vesting
date will be matched on a one for one basis if a predetermined company
performance target for the period 2010 to 2012 is met.
4,895 Nedbank Group ordinary shares were also committed by Mr Brown under the
compulsory bonus deferral scheme introduced by the Nedbank Group Limited
Remuneration Committee in 2009, under which deferred amounts can be invested
in the Matched Share Scheme described above. The deferred amount will be
forfeited should Mr Brown resign before the end of the deferral period as
well as in cases where, in the sole opinion of the board, material
irregularities or misrepresentation of financial results come to light during
the deferral period.
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 UK +44 (0)20 7251 3801
(Finsbury)
16 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: 16/04/2010 17:15:02 Produced by the JSE SENS Department.
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