Director/PDMR Shareholding

RNS Number : 1778F

Old Mutual PLC

15 May 2017

 

Old Mutual plc

Ref 103/17

15 May 2017

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

THE NEDBANK GROUP (2005) SHARE OPTION, MATCHED SHARE AND RESTRICTED SHARE SCHEME (THE "SCHEME")

Old Mutual plc has been informed of the following transactions by Ingrid Johnson, Group Finance Director of Old Mutual plc under the above Scheme.

Matching awards linked to: (i) a deferred STI award over 8,743 Nedbank shares granted under the Nedbank Compulsory Bonus Share Scheme; and (ii) 1,345 Nedbank shares pledged under the Nedbank Voluntary Bonus Share Scheme, vested to Ingrid Johnson as set out below:

	Shares originally placed under award	Matching shares vested
Compulsory Bonus	8,743	8,743
Voluntary Bonus	1,345	1,345

Ingrid Johnson sold the following Nedbank shares on 3 May 2017:

	Nedbank shares sold	Sale price per share	Total Value
Ingrid Johnson	20,176	R222.4066	R4,487,276

Enquiries

External communications

Patrick Bowes                                                      [phone]

Investor relations

Dominic Lagan                                                    [phone]

Deward Serfontein                                              [phone]

Media

William Baldwin-Charles                                   [phone]

                                                                                [phone]

Notes to Editors

Old Mutual

Old Mutual provides investment, savings, insurance and banking services to 19.4 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 is executing its strategy of managed separation, which will entail separating its four businesses into standalone entities. The four businesses are:

Old Mutual Emerging Markets: an attractive business with a dominant position in South Africa, well-placed to capitalise on sub-Saharan African growth as a diversified financial services provider with strong operations in key East and West African markets.

Nedbank: one of South Africa's four largest banks with very strong corporate, commercial and property finance franchises, and a growth opportunity in the retail market, as well as pan-African optionality through its stake in Ecobank Transnational Inc (ETI).

Old Mutual Wealth: a leading, integrated wealth management business, focused on the UK upper and middle market, with strong prospects in a rapidly growing £3 trillion market.

OM Asset Management: an institutionally focussed, multi-boutique asset management business, delivering strong, diversified growth in attractive asset classes through organic initiatives and acquisitions.

For the year ended 31 December 2016, Old Mutual reported an adjusted operating profit before tax of £1.7 billion and had £395 billion of funds under management. For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at www.oldmutualplc.com 

 

END

 

 

DSHAAMITMBJBBJR