Director/PDMR Shareholding

RNS Number : 9895P

Old Mutual PLC

02 April 2009

 



Ref 16/09

2 April 2009

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR
CONNECTED PERSONS (PDMRs) IN ACCORDANCE WITH RULE 3.1.4R OF THE DISCLOSURE AND TRANSPARENCY RULES

1.   SALE OF NEDBANK GROUP LIMITED SHARES BY A PDMR

Mr T Boardman, Chief Executive of Nedbank Group Limited and a member of the Group Executive Committee of Old Mutual plc sold 30,196 Nedbank Group ordinary shares on 26 March 2009 at a price of R86.90 per share for a total value of R2,624,032.40.

2.   MATURITY OF MATCHING RESTRICTED SHARE AWARD TO A PDMR

On 28 March 2006 (the Inception Date), Mr Boardman pledged 10,000 Nedbank Group ordinary shares under the 2005 Matched Share Scheme on the basis that on the anniversary date (the day following three years after the Inception Date) 50% of the shares held in trust would be matched on a one-for-one basis if Mr Boardman remained in the employment of Nedbank Group Limited and a further 50% of the shares would be matched on a one-for-one basis if a predetermined Nedbank company performance target was met.

Mr Boardman remained in the employment of the company on the anniversary date, but the predetermined Nedbank performance target for the 2008 financial year was not met, resulting in only 50% (5,000) of the shares being matched.

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

Enquiries

Investor Relations
Aleida White	UK	[phone]
Deward Serfontein	SA	[phone]
Media
Matthew Gregorowski	UK / SA	[phone]
Brian Cattell (Finsbury)	UK	[phone]

 

END

 

 

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