Director/PDMR Shareholding

RNS Number : 2983C

Old Mutual PLC

03 March 2011

 



Ref /11

3 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

FORFEITURE OF RESTRICTED SHARE PLAN SHARES HELD BY A PDMR

The following restricted Nedbank Group ordinary shares held by Mr M W T Brown, Chief Executive of Nedbank Group Limited, will be forfeited on 4 March 2011 as a result of predetermined performance based vesting criteria which have not been met:

Original date of grant	Shares under award
4 March 2008	38,613

Following this forfeiture, Mr Brown currently will hold 279,313 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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