Director/PDMR Shareholding

RNS Number : 9188H

Old Mutual PLC

19 March 2015

 



Old Mutual plc

Ref: 208/15

19 March 2015

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

The following award over restricted ordinary shares in Nedbank Group Limited ("Nedbank") was made to Mike Brown, Chief Executive of Nedbank and a member of the Group Executive Committee of Old Mutual plc, under the terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme on 12 March 2015:

Vesting criteria	Number of Restricted shares granted	Value
Performance-based	50,826	R12,999,766

The restricted shares were granted at no cost to Mr Brown based upon the volume-weighted average price (R255.77) for the three trading days ending 25 February 2015, being the three trading days immediately after the publication of Nedbank's 2014 results, and vesting of these shares is due to occur on 13 March 2018.

Enquiries

External communications

Patrick Bowes                           UK        [phone]

Investor relations

Dominic Lagan                           UK        [phone]

Sizwe Ndlovu                             SA        [phone]

Media

William Baldwin-Charles                         [phone]

                                                             [phone]

Notes to Editors

Old Mutual provides investment, savings, insurance and banking services to more than 17 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £319 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

 

 

RDSJLMTTMBBBBTA