Director/PDMR Shareholding

RNS Number : 0802Z

Old Mutual PLC

09 March 2012

 



Ref 20/12

9 March 2012

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

GRANT OF RESTRICTED SHARES TO A PDMR

The following restricted share awards were granted to Mr M W T Brown, Chief Executive of Nedbank Group Limited and a member of the Group Executive Committee of Old Mutual plc, on 7 and 8 March 2012, under the terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme:

Grant Date	Type of shares	Vesting Criteria	Number of Restricted shares granted	Value
7 March 2012	Nedbank Group ordinary shares	Performance-based	32,431	R5,249,930.28
8 March 2012	Nedbank Group ordinary shares	Time-based	32,431	R5,249,930.28

The restricted shares were granted at the volume weighted average price (R161.88) for the three trading days ending 2 March 2012 at no cost to Mr Brown and vesting of these shares, which is due to occur on 8 and 9 March 2015, is subject to time-based and performance-based vesting criteria as indicated above.

Mr Brown now holds 272,062 restricted shares, granted under the Nedbank Group (2005) share option, matched share and restricted share scheme and 151,293 Nedbank Group Limited Ordinary shares, of which 15,479 shares have been committed in respect of the compulsory bonus deferral scheme and 19,635 shares have been committed in respect of the Matched Share Scheme.

Enquiries

External Communications / Investor Relations
Patrick Bowes		[phone]
Kelly de Kock		[phone]
Media
William Baldwin-Charles		[phone]

Notes to Editors

Old Mutual

Old Mutual 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 is listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2011, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £267 billion of funds under management from core operations.

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

 

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