| Wed 9 Mar 2011, 17:30 | | OML - Old Mutual plc - Notification of Transactions of Directors Persons |
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OML
OLOML
OML - Old Mutual plc - Notification of Transactions of Directors, Persons
Discharging Managerial Responsibility or Connected Persons
OLD MUTUAL plc
Issuer code: OLOML
JSE Share code: OML
NSX share code: OLM
ISIN: GB0007389926
Ref /11
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS
GRANT OF RESTRICTED SHARES TO A PDMR
The following restricted share awards were granted to Mr M W T Brown, Chief
Executive of Nedbank Group Limited and a member of the Group Executive
Committee of Old Mutual plc, on 7 and 8 March 2011, under the terms of the
Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme:
Grant Type of shares Vesting Number of Value
Date Criteria Restricted
shares
granted
7 March Nedbank Group Performance- 23,357 R2,999,973.08
2011 ordinary based
shares
8 March Nedbank Group Time-based 23,357 R2,999,973.08
2011 ordinary
shares
The restricted shares were granted at the volume weighted average price
(R128.44) for the three trading days ending 2 March 2011 at no cost to Mr
Brown and vesting of these shares, which is due to occur on the third
anniversary of award, is subject to time-based and performance-based vesting
criteria as indicated above.
Mr Brown now holds 326,027 restricted shares, granted under the Nedbank Group
(2005) share option, matched share and restricted share scheme and 63,883
Nedbank Group Limited Ordinary shares, of which 4,895 shares have been
committed in respect of the compulsory bonus deferral scheme and 28,557 shares
have been committed in respect of the Matched Share Scheme.
Enquiries
External Communications
Patrick Bowes +44 (0)20 7002 7440
Investor Relations
Deward Serfontein SA +27 (0)82 810 5672
Aleida White UK +44 (0)20 7002 7287
Media
William Baldwin-Charles +44 (0)20 7002 7133
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 to 15 million
customers in Europe, the Americas, Africa and Asia. Old Mutual plc is listed
on the London Stock Exchange and the Johannesburg Stock Exchange, among
others.
In the year ended 31 December 2010, the Group reported adjusted operating
profit before tax of GBP1.5 billion (on an IFRS basis) and had GBP309 billion
of funds under management, from core operations, at the year end. For further
information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
9 March 2011
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 09/03/2011 17:30:01 Produced by the JSE SENS Department.
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