Director/PDMR Shareholding

RNS Number : 2109C

Old Mutual PLC

02 March 2011

 



Ref 22/11

2 March 2011

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

EXERCISE OF AN OPTION BY A PDMR

Mr M W T Brown, Chief Executive of Nedbank Group Limited, exercised the following option under the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme on 28 February 2011:

Original date of grant	Shares under option	Exercise Price
28 February 2006	70,000	R110.98

Mr Brown sold the shares at a price of R126.563 each and the total taxable gain was R1,090,810.

Mr Brown currently holds 317,926 restricted shares, granted under the Nedbank Group (2005) share option, matched share and restricted share scheme and 63,883 Nedbank Group Limited Ordinary shares, of which 4,895 shares have been committed in respect of the compulsory bonus deferral scheme and 28,557 shares have been committed in respect of the Matched Share Scheme.

Enquiries

External Communications
Patrick Bowes		[phone]
Investor Relations
Deward Serfontein	SA	[phone]
Aleida White	UK	[phone]
Media
William Baldwin-Charles		[phone]

Notes to Editors

Old Mutual

Old Mutual plc is an international long-term savings, protection and investment 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 2009, the Group reported adjusted operating profit before tax of £1.2 billion (on an IFRS basis) and had £285 billion of funds under management at the year end.  The Group has approximately 54,000 employees.

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

 

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