Director/PDMR Shareholding

RNS Number : 2612X

Old Mutual PLC

11 August 2009

 



Ref 58/09

11 August 2009

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

GRANT OF RESTRICTED SHARES IN NEDBANK GROUP LIMITED TO A PDMR

The following restricted share award was granted to Mr T A Boardman, Chief Executive of Nedbank Group Limited and a member of the Group Executive Committee of Old Mutual plc, on 11 August 2009 under the terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme:

PDMR	Type of shares	Number of restricted shares granted	Value
T A Boardman	Nedbank Group ordinary shares	92,208	R9,999,957.60

The restricted shares were granted at the volume-weighted average price of R108.45 for the three trading days prior to issue, namely 5 to 7 August 2009, at no cost to Mr Boardman. Vesting of these shares, which is due to occur on 12 August 2012, is subject to time-based criteria and is also conditional upon Mr Boardman not engaging with competing financial institutions between his scheduled retirement as Chief Executive of Nedbank in February 2010 and the vesting date of these shares.

The total number of restricted shares held by Mr Boardman under the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme following this award is 251,715. 

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

Enquiries

Investor Relations
Patrick Bowes	UK	[phone]
Deward Serfontein	SA	[phone]
Media
Matthew Gregorowski	UK / SA	[phone]
		[phone]
Don Hunter (Finsbury)	UK	[phone]

Notes to Editors

Old Mutual

Old Mutual plc is a leading international long-term savings Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.

In the year ended 31 December 2008, the Group reported adjusted operating profit of £1.0 billion (on an IFRS basis) and had £265 billion of funds under management at the year end. The Group has approximately 57,000 employees.

 

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