Director/PDMR Shareholding - Nedbank Group Limited

RNS Number : 4115H

Old Mutual PLC

13 March 2015

 



Old Mutual plc

Ref 182/15

13 March 2015

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 (THE "SCHEME")

Old Mutual plc has been informed of the following transactions by Ingrid Johnson, Group Finance Director of Old Mutual plc, and Mike Brown, Chief Executive of Nedbank Group Limited ("Nedbank") and a member of the Group Executive Committee (who are both Persons Discharging Managerial Responsibilities) under the above Scheme.

37.9% of the restricted shares in Nedbank awarded under the Scheme on 7 March 2012 with performance-based vesting criteria, and all of the restricted shares awarded under the Scheme on 8 March 2012 with time-based vesting criteria, vested on 9 March 2015, as set out below:

	Number of vested Nedbank shares	Number of Nedbank shares lapsed
Ingrid Johnson	9,365	15,344
Ingrid Johnson	24,709	-
Mike Brown	12,292	20,139
Mike Brown	32,431	-

The vested shares were sold on 11 March 2015, as set out below:

	Number of Nedbank shares sold	Sale price per Nedbank share	Total Value
Ingrid Johnson	34,074	R242.3613	R8,258,219
Mike Brown	44,723	R239.3928	R10,706,364

The awards of restricted shares referred to above were granted to Ingrid Johnson under the Scheme in March 2012, prior to her becoming a director of Old Mutual plc.

Enquiries

External communications

Patrick Bowes                           UK        [phone]

Investor relations

Dominic Lagan                           UK        [phone]

Sizwe Ndlovu                             SA        [phone]

Media

William Baldwin-Charles                         [phone]

                                                             [phone]

Notes to Editors

Old Mutual provides investment, savings, insurance and banking services to more than 17 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £319 billion of funds under management from core operations.

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com 

 

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