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OML
OLOML
NSX - OML - 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)
Old Mutual plc (the Company) announces the following changes in share
interests of its PDMRs.
1. Release of shares to Executive Directors under the Old Mutual Restricted
Share Plan
The following bonus matching awards, granted on 3 March 2004 under the
Company`s Restricted Share Plan (RSP), relating to investment by Mr Roberts
and Mr Sutcliffe of some or all of their net cash incentives for the year
ended 31 December 2003 in shares in the Company, were released on 5 March
2007 as a result of the successful achievement of EPS-based performance
targets:
Executive No. of shares No. of shares sold to Sale No. of
Director released cover income tax, price shares
under the employee National retained
matching Insurance Contribution
award liabilities and share
dealing costs
J V F 35,695 14,686 GBP1.64177 21,009
Roberts
J H 83,989 34,557 GBP1.64177 49,432
Sutcliffe
2. Option vesting to Executive Directors under the Old Mutual Share Option
and Deferred Delivery Plan (SOP)
The following options vested to Mr Roberts and Mr Sutcliffe on 3 March 2007
as a result of the successful achievement of EPS-based performance targets:
Executive Approved Unapproved option Exercise Expiry Date
Director option shares shares vested price
vested
J V F 120 661,298 GBP0.9525 2 March 2010
Roberts
J H - 944,882 GBP0.9525 2 March 2010
Sutcliffe
3. Executive Directors` interests in Old Mutual plc ordinary shares and
employee share plans
The total numbers of shares in the Company held under option under the SOP
and the Old Mutual UK Sharesave Plan (SAYE) by Mr Roberts and Mr Sutcliffe
are now as follows:
Executive Total no. of shares under No. of unvested No. of vested
Director option option shares option shares
J V F 2,359,666 552,842 1,806,824
Roberts
J H 3,401,838 807,367 2,594,471
Sutcliffe
The total numbers of shares in the Company contingently held under the RSP by
Mr Roberts and Mr Sutcliffe are now as follows:
Executive No. of Restricted Shares No. of Restricted Shares in
Director under the bonus matching respect of deferred short-term
arrangement incentives
J V F 292,514 185,098
Roberts
J H 526,936 266,738
Sutcliffe
The total numbers of shares in the Company in which the directors concerned
(together with their connected persons, for the purposes of section 346 of
the UK Companies Act 1985) are now beneficially interested (excluding the RSP
awards described above which have not yet vested and all unexercised share
option shares) are as follows:
Executive Director Old Mutual plc shares
J V F Roberts 583,552
J H Sutcliffe 1,368,403
4. Option vesting under the SOP to other PDMRs
The following options vested (all with an exercise price of GBP0.9525 per
share) to PDMRs on 3 March 2007 as a result of the successful achievement of
EPS-based performance targets:
PDMR Role of PDMR Approved Unapproved Expiry Date
option option shares
shares vested
vested
H Askari CEO, Asia-Pacific - 472,441 2 March 2010
G Barker Chief Executive, - 355,012 2 March 2010
Old Mutual
Financial Network
(US)
R M Head Group Director, - 433,071 2 March 2010
Southern Africa
M C Company Secretary - 45,473 2 March 2010
Murray
M H Director, Group 120 53,030 2 March 2010
Newman Corporate Affairs
S F Chief Executive, - 532,518 2 March 2010
Powers Old Mutual (US)
5. Exercise of an option by a PDMR
Mr Askari exercised the following options under the SOP on 5 and 6 March
2007:
PDMR Date of Approved Unapproved Exercise No. of No. of
exercise option option price shares shares
shares shares sold retained
exercised exercised
H Askari 5 March 07 - 486,958 GBP0.8625 - 486,958
H Askari 6 March 07 34,782 - GBP0.8625 - 34,782
6. Vesting of Deferred Delivery Shares under the SOP to PDMRs
The following deferred delivery awards vested to Mr Bicket and Mr Hanratty on
3 March 2007 as a result of the successful achievement of EPS-based
performance targets:
PDMR Role of PDMR Deferred Award price Expiry Date
Delivery Shares
vested
N Bicket Director of the 47,700 R11.77 2 March 2010
CEO`s office
P Hanratty Managing Director, 648,365 R11.77 2 March 2010
Old Mutual South
Africa
7. Net settlement of Deferred Delivery Awards by PDMRs
Deferred delivery awards held under the SOP were net settled by PDMRs as
follows:
PDMR No. of Original grant Award price Date of net Net
shares date (Escalated settlement settlement
net where price
settled applicable)
N Bicket 72,600 4 March 2002 R15.15 1 March 2007 R24.42
N Bicket 142,507 26 February 2003 R11.15 1 March 2007 R24.42
P Hanratty 175,000 3 March 2004 R11.77 6 March 2007 R24.00
8. Net settlement of a Restricted Share Award by a PDMR
Mr Bicket net settled the following restricted share award under the RSP on 1
March 2007:
PDMR No. of shares net Original grant Net settlement price
settled date
N Bicket 28,502 26 February 2003 R24.42
9. Vesting of Restricted Share Awards to PDMRs
The following restricted share awards vested to PDMRs on 5 March 2007:
PDMR No. of No.of Sale price No. of
shares shares shares
vested sold retained
G Barker 65,648 26,352 GBP1.64177 39,296
N Bicket* 42,930 - - 42,930
P 64,837 - - 64,837
Hanratty*
M H 42,519 17,494 GBP1.64177 25,025
Newman
M C 36,377 16,377 GBP1.64177 20,000
Murray
S F 123,234 51,631 GBP1.64177 71,603
Powers
* Mr Bicket and Mr Hanratty have not yet taken delivery of their restricted
shares that vested on 5 March 2007.
10. PDMRs` interests in Old Mutual plc ordinary shares and employee share
plans
The total numbers of shares in the Company held under option under the SOP
and SAYE by the PDMRs detailed below are now as follows:
PDMR Total no. of No. of No. of
shares under unvested vested
option option option
shares shares
H Askari 472,441 - 472,441
G Barker 1,400,346 255,579 1,144,767
N Bicket 51,725 51,725 -
P Hanratty 159,484 159,484 -
R M Head 942,445 509,374 433,071
M C Murray 176,956 81,483 95,473
M H Newman 497,331 6,111 491,220
S F Powers 3,424,320 - 3,424,320
The total numbers of shares in the Company held as deferred delivery awards
under the SOP by the PDMRs detailed below are now as follows:
PDMR Total no. of No. of vested
deferred delivery deferred delivery
shares shares
N Bicket 47,700 47,700
P Hanratty 473,365 473,365
The total numbers of shares in the Company contingently held under the RSP by
the PDMRs detailed below are now as follows:
PDMR Total No. of No. of
restricted vested unvested
shares restricted restricted
shares shares
H Askari 144,164 - 144,164
G Barker 99,217 - 99,217
N Bicket 65,418 42,930 22,488
P Hanratty 219,757 108,679 111,078
R M Head 146,082 - 146,082
M C Murray 43,755 - 43,755
M H Newman 57,324 - 57,324
S F Powers 1,329,517 - 1,329,517
The total numbers of shares in the Company held under option under the OMSA
Management Incentive Share Plan (MISP) by the PDMRs detailed below are as
follows:
PDMR Total no. of shares No. of unvested
under option option shares
N Bicket 55,962 55,962
P Hanratty 181,871 181,871
The total numbers of restricted shares in the Company held under the MISP by
the PDMRs detailed below are as follows:
PDMR Total no. of shares No. of unvested
under award shares
N Bicket 23,073 23,073
P Hanratty 94,279 94,279
The total numbers of shares in the Company in which the PDMRs below,
(together with their connected persons, for the purposes of section 346 of
the UK Companies Act 1985) are beneficially interested is as follows
(excluding non-vested RSP awards and unexercised shares held under option):
PDMR Old Mutual plc shares
H Askari 540,948
N Bicket 800
P Hanratty 1,000
R M Head 311,307
M C Murray 120,000
M H Newman 42,675
S F Powers 445,532
11. PDMR`s Option lapse under the Nedbank Group (2005) Share Option, Matched
Share and Restricted Share Scheme
On 22 February 2007, the following options over shares in Nedbank Group
Limited, in favour of Mr Boardman, Chief Executive of Nedbank Group Limited,
lapsed as a result of the performance targets attached to the options not
being met. These options were due to vest on 1 April 2007.
PDMR Original Option shares lapsed
grant date
T A Boardman 1 April 2003 10,000
T A Boardman 1 April 2003 4,167
12. Option grant to a PDMR under the Nedbank Group (2005) Share Option,
Matched Share and Restricted Share Scheme
The following option over shares in Nedbank Group Limited was granted by
Nedbank Group Limited to Mr Boardman on 27 February 2007:
PDMR Option Exercise Vesting date Expiry Date
shares price
granted
T A Boardman 72,765 R144.30 28 February 2010 28 February 2012
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 695,257, of which 152,492 have vested.
Notes to Editors
Old Mutual
Old Mutual plc is an international savings and wealth management company
based in the UK. Originating in South Africa in 1845, the group has a
balanced portfolio of businesses offering asset management, life assurance,
banking and general insurance services in over 40 countries, primarily South
Africa, Europe and the United States. Old Mutual is listed on the London,
Johannesburg and Stockholm stock exchanges, among others.
By conducting its business worldwide under its core values of integrity,
respect and accountability, Old Mutual aspires to push beyond boundaries to
drive value for all its stakeholders.
In the year ended 31 December 2006, the group reported an increase in
adjusted operating profit of 16% to GBP1.4 billion (IFRS basis) and had
GBP239 billion of funds under management. The Company has approximately
53,000 employees.
For further information on Old Mutual plc, please visit the corporate website
at www.oldmutual.com
Enquiries
Investor Relations
Malcolm Bell UK +44 (0)20 7002 7166
Deward Serfontein SA +27 (0)21 509 8709
Media
James Crampton UK +44 (0)20 7002 7133
Nad Pillay SA + 27 (0)21 504 8026
7 March 2007
Date: 07/03/2007 16:19:47 Produced by the JSE SENS Department.
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