Director/PDMR Shareholding

RNS Number : 5081I

Old Mutual PLC

12 March 2010

 



Ref 10/10

12 March 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

GRANT OF RESTRICTED SHARES TO A PDMR

The following restricted share award was granted to Mr M W T Brown, Chief Executive of Nedbank Group Limited and a member of the Executive Committee of Old Mutual plc, on 2 March 2010 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
M W T Brown	Nedbank Group ordinary shares	86,720	R10,500,058

The restricted shares were granted at the volume weighted average price (R121.08) for the three trading days preceding 2 March 2010 at no cost to Mr Brown and vesting of these shares, which is due to occur on 2 March 2013, is subject to a mix of time-based and performance-based vesting criteria.

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 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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