Directors' share interests
Directors' interests in shares of Old Mutual plc (the "Company")
The Company has been informed, by letters received on 15 March 2001, that the
following directors of the Company, having each elected to defer the whole of
the cash bonus (net of tax) to which they would otherwise have been entitled in
respect of the year ended 31 December 2000, acquired on the 15 March 2001 the
following indirect beneficial interests in shares of the Company by way of
awards and contingent matching awards, respectively, under the terms of the
Company's Annual Incentive Plan:
Name Shares awarded at a price of Contingent Matching
154p each share award (no. of
shares in the Company)
E E Anstee 74,625 124,375
M J Levett 152,642 169,602
J V F Roberts 31,012 51,688
J H Sutcliffe 70,121 116,829
The shares awarded to the directors on account of their deferred bonuses will
be held by the Company's Employee Share Trust and will only be released to them
upon the vesting, or termination without vesting, of the contingent matching
share awards.
The contingent matching share awards, which have been approved by the
Remuneration Committee of the Company, are also held through the Company's
Employee Share Trust and will be released to the respective directors on the
third anniversary of purchase, subject to their remaining in employment with
the Group until that time and to a performance condition that the increase in
the Group's operating earnings per share on a smoothed basis in its results for
the year ending 31 December 2003, when compared to the year ended 31 December
2000, is at least equal to 9% above the increase in the UK Retail Price Index
over that three year period.
16 March 2001
Enquiries:
Old Mutual plc Tel: +44 20 7569 0100
Martin Murray, Secretary
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