| Tue 14 Mar 2006, 16:30 | | Old Mutual Plc - Share interests of persons discha |
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OML
OLOML
Old Mutual Plc - Share interests of persons discharging managerial
responsibilities (PDMRs)
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Share interests of persons discharging managerial responsibilities (PDMRs)
1. Net settlement of Deferred Delivery Awards by PDMR
Mr R J A Sparks, Managing Director of Old Mutual South Africa, exercised
and sold the following deferred delivery shares under the Old Mutual
Share Option and Deferred Delivery Plan on 6 March 2006:
No. of shares exercised and Original grant Award price Sale price
sold date
200,000 26 February 2003 R11.15 R20.70
The total number of deferred delivery shares in the Company held by Mr
Sparks is now 1,163,238, of which 593,611 have vested.
2. Release of Restricted Share Awards to PDMR
Mr S F Powers, Chief Executive of Old Mutual Asset Managers (US),
received a release of 123,233 shares under the Old Mutual Restricted
Share Plan (RSP) on 6 March 2006 as follows:
No. of shares No. of shares sold to Sale No. of shares
released cover US withholding price retained
obligations
123,233 39,420 GBP1.86 83,813
The total number of shares in the Company contingently held under the RSP
by Mr Powers is now 711,689.
The total number of shares in the Company in which Mr Powers, (together
with his connected persons, for the purposes of section 346 of the UK
Companies Act 1985) is beneficially interested is now 290,499 (excluding
non-vested RSP awards and unexercised shares held under option).
3. Exercise of option by PDMR
On 13 March 2006, Mr M C Murray, Company Secretary of Old Mutual plc,
exercised an option over 34,782 shares under the Old Mutual Share Option
and Deferred Delivery Plan (originally granted on 26 February 2003 with
an exercise price of GBP0.8625 per share). Mr Murray personally funded
the exercise of the option retaining all of the shares. The total number
of shares in the Company in which Mr Murray, (together with his connected
persons, for the purposes of section 346 of the UK Companies Act 1985) is
beneficially interested is now 96,859 (excluding non-vested RSP awards
and unexercised shares held under option). The total numbers of shares
in the Company held under option under the Old Mutual Share Option and
Deferred Delivery Plan and the Old Mutual UK Sharesave Plan by Mr Murray
is 285,272, of which 188,407 have vested.
4. Lapse of options under the Nedcor Group (1994) Employee Incentive Scheme
An option over 10,000 Nedbank Group Limited shares granted to Mr T A
Boardman, Chief Executive of Nedbank Group Limited, on 1 April 2003 and
the associated option over 4,167 shares (granted following a rights issue
on 10 May 2004) will lapse on 1 April 2006. These options were linked to
the achievement by Nedbank Group of predetermined financial targets,
which have not been met.
After the lapse of options detailed above, the total number of Nedbank
Group Limited shares held by Mr Boardman under option under the Nedcor
Group (1994) Employee Incentive Scheme and the Nedbank Group (2005) Share
Option, Matched Share and Restricted Share Scheme is 662,951, of which
89,392 have vested.
5. Correction of details of PDMRs" dealings announced on 3 March 2006
The following corrections are made to the details of PDMRs" dealings
announced on 3 March 2006:
- The number of shares retained by Mr R M Head, Group Director,
Southern Africa, following the exercise of options under the Old
Mutual Share Option and Deferred Delivery Plan was 311,307.
- The number of deferred delivery shares that lapsed on 26 February
2006 (originally granted to Mr Sparks on 26 February 2003) was
41,864.
14 March 2006
ENQUIRIES:
Old Mutual plc
Malcolm Bell - Investor Relations (UK) + 44 (0) 20 7002 7166
Miranda Bellord - Media Relations (UK) + 44 (0) 20 7002 7133
Deward Serfontein - Investor Relations (SA) + 27 21 509 8709
Nad Pillay - Media Relations (SA) + 27 21 504 8026
College Hill
Alex Sandberg + 44 (0) 20 7457 2020
Tony Friend + 44 (0) 20 7457 2020
For further information about Old Mutual plc visit www.oldmutual.com
Date: 14/03/2006 04:30:20 PM Produced by the JSE SENS Department
