Director/PDMR Shareholding

RNS Number : 3567V

Old Mutual PLC

01 November 2010

 



Ref 161/10

1 November 2010

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRs) 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 Nedcor Group (1994) Employee Incentive Scheme on 29 October 2010:

Original date of grant	Shares under option	Exercise Price
10 August 2004	80,000	R55.75

Mr Brown sold the shares at a price of R130.46 each and the total taxable gain was R5,977,024.

The total number of Nedbank Group Limited shares held by Mr Brown under option under the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme is 70,000, all of which have vested. Mr Brown also 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 shares, of which 4,895 have been committed in respect of the compulsory bonus deferral scheme and 28,557 have been committed in respect of the Matched Share Scheme.

Enquiries

External Communications
Patrick Bowes	UK	[phone]
Investor Relations
Deward Serfontein	SA	[phone]
Aleida White	UK	[phone]
Media
Don Hunter (Finsbury)	UK	[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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