Director/PDMR Shareholding

RNS Number : 7156J

Old Mutual PLC

13 September 2016

 

Old Mutual plc

Ref 494/16

13 September 2016

Purchase of Nedbank group shares by Old Mutual plc Non-executive director

Nedbank Group Limited ("Nedbank Group"), the majority-owned South African banking subsidiary of Old Mutual plc, has today made the following disclosure in respect of share dealings by an Old Mutual plc non-executive director.

"DEALINGS IN SECURITIES BY A DIRECTOR

In terms of paragraphs 3.63 - 3.65 of the Listings Requirements of the JSE, the following information is disclosed in respect of the dealings in shares by a director of Nedbank Group:

Name:                                                            V Naidoo

Designation:                                                   Non-executive chairman

Date of transaction:                                         12 September 2016

Number of shares:                                           1 080

Average price per share:                                  R210.15

Lowest price per share:                                   R209.75

Highest price per share:                                   R210.51

Total value:                                                     R226 962

Nature of transaction:                                      Purchase of ordinary shares

Nature of trade:                                               Open market

Extent of interest:                                           Indirect beneficial (held by a company of which Mr Naidoo is the sole shareholder)

The required written clearance for dealing in these shares has been obtained."

End

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 18.9 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.

Old Mutual has announced a strategy of managed separation, which will entail separating its four businesses into standalone entities. The four businesses are:

Old Mutual Emerging Markets: An African financial services leader, providing long-term savings, protection, investment and lending to retail and corporate customers

Nedbank: Old Mutual owns a 54% stake in Nedbank, one of South Africa's top four banks, providing wholesale and retail banking, insurance and asset management for individuals and businesses

Old Mutual Wealth: a leading wealth management business in the UK and international markets

OM Asset Management: Old Mutual owns 65.8% in the New York Stock Exchange listed OM Asset Management which offers a diverse range of investment strategies and products for institutions, delivered worldwide through seven US-based boutiques.

For the year ended 31 December 2015, Old Mutual reported an adjusted operating profit before tax of £1.7 billion and had £304 billion of funds under management. For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at www.oldmutual.com 

 

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