Director/PDMR Shareholding

RNS Number : 1664F

Old Mutual PLC

19 April 2011

 



Ref 51/11

19 April 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

DEALING IN NEDBANK GROUP LIMITED ORDINARY SHARES BY AKA-NEDBANK EYETHU TRUST

The following information is disclosed in respect of the dealing in Nedbank Group Limited ordinary shares by the Aka-Nedbank Eyethu Trust, of which Aka Capital (Pty) Limited is the sole beneficiary.  Dr Khoza, non-executive director of Old Mutual plc and non-executive Chairman of Nedbank Group Limited, has an indirect beneficial interest in the Aka-Nedbank Eyethu Trust as he is a director and 27% shareholder of Aka Capital (Pty) Limited:

Name:                                       Aka-Nedbank Eyethu Trust

Date of the transaction:              15 April 2011

Price per share:                         R138.51

Number of securities:                 200,000

Total value:                                R27,702,080

Nature of transaction:                 Sale

Nature of trade:                          On market

Prior to the above sale and the sales effected on 13 and 14 April 2011 that were referred to in the announcement published yesterday, the Aka-Nedbank Eyethu Trust held 0.4% of the issued ordinary shares in Nedbank Group Limited in terms of the Eyethu BEE transaction approved by Nedbank shareholders at the Nedbank general meeting on 22 July 2005. Following this transaction, the Aka-Nedbank Eyethu Trust no longer holds any Nedbank Group Limited shares.

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 to more than 15 million customers in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others.

In the year ended 31 December 2010, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £309 billion of funds under management, from core operations. 

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

 

END

 

 

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