Director/PDMR Shareholding

RNS Number : 5582O

Old Mutual PLC

30 June 2010

 



Ref /10

30 June 2010

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 and a member of the Group Executive Committee of Old Mutual plc, exercised the following option under the Nedbank Group (2005) share option, matched share and restricted share scheme on 28 June 2010:

Original date of grant	Shares under option	Exercise Price
30 June 2005	20,000	R76.79

Mr Brown sold all of the shares at a price of R124.50 each resulting in a pre-tax gain from the shares sold of R954,200.

The total number of Nedbank Group Limited shares held by Mr Brown under option under the Nedcor Group (1994) Employee Incentive Scheme and the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme is 150,000, 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 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.

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

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.

 

END

 

 

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