Director/PDMR Shareholding

RNS Number : 8419K

Old Mutual Limited

18 December 2018

 

Old Mutual Limited

Incorporated in the Republic of South Africa

(Registration number: 2017/235138/06)

ISIN: ZAE000255360

JSE Share Code: OMU

NSX Share Code: OMM

("Old Mutual)"

LEI: 213800MON84ZWWPQCN47

Ref 80_18

18 December 2018

DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY AND COMPANY SECRETARY OF OLD MUTUAL.

Awards

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following directors and company secretary of the Company have been awarded and accepted forfeitable shares in terms of the company's Employee Share Ownership Plan (ESOP) and Long-Term Incentive Plan (LTIP) Rules:

Director	Mthandazo Peter Moyo
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the Broad-Based Employee Share Plan Special Award
Class of Securities	Forfeitable OML ordinary shares
Date of Award	14 December 2018
Date of Acceptance	18 December 2018
Vesting Date	18 September 2020
Number of awarded forfeitable shares	128
Grant Price per share	R22.00 (being the closing price on 13 December 2018)
Valuation of Transaction	R2,816
Nature of interest	Direct beneficial
Clearance obtained	Yes

Director	Mthandazo Peter Moyo
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the Old Mutual Emerging Markets Managed Separation Incentive Plan Special Award
Class of Securities	Forfeitable OML ordinary shares
Date of Award	14 December 2018
Date of Acceptance	18 December 2018
Vesting Date	18 September 2019
Number of awarded forfeitable shares	86,180
Grant Price per share	R22.00 (being the closing price on 13 December 2018)
Valuation of Transaction	R1,895,960
Nature of interest	Direct beneficial
Clearance obtained	Yes

Director	Casparus Gerhardus Troskie
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the Broad-Based Employee Share Plan Special Award
Class of Securities	Forfeitable OML ordinary shares
Date of Award	14 December 2018
Date of Acceptance	14 December 2018
Vesting Date	18 September 2020
Number of awarded forfeitable shares	128
Grant Price per share	R22.00 (being the closing price on 13 December 2018)
Valuation of Transaction	R2,816
Nature of interest	Direct beneficial
Clearance obtained	Yes

Director	Casparus Gerhardus Troskie
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the ESOP Appointment Special Award
Class of Securities	Forfeitable OML ordinary shares
Date of Award	14 December 2018
Date of Acceptance	14 December 2018
Vesting Date	18 September 2021
Number of awarded forfeitable shares	31,831
Grant Price per share	R22.00 (being the closing price on 13 December 2018)
Valuation of Transaction	R700,282
Nature of interest	Direct beneficial
Clearance obtained	Yes

Director	Casparus Gerhardus Troskie
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the LTIP Special Award
Class of Securities	Forfeitable OML ordinary shares
Date of Award	14 December 2018
Date of Acceptance	14 December 2018
Vesting Date	Award vests in equal tranches on 18 September 2021, 18 September 2022 and 18 September 2023 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee
Number of awarded forfeitable shares	114,589
Grant Price per share	R22.00 (being the closing price on 13 December 2018)
Valuation of Transaction	R2,520,958
Nature of interest	Direct beneficial
Clearance obtained	Yes
Group Company Secretary	Elsabé Margaretha Kirsten
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the Broad-Based Employee Share Plan Special Award
Class of Securities	Forfeitable OML ordinary shares
Date of Award	14 December 2018
Date of Acceptance	18 December 2018
Vesting Date	18 September 2020
Number of awarded forfeitable shares	128
Grant Price per share	R22.00 (being the closing price on 13 December 2018)
Valuation of Transaction	R2,816
Nature of interest	Direct beneficial
Clearance obtained	Yes

JSE Sponsor	Merrill Lynch South Africa (Pty) Limited
Namibian Sponsor	PSG Wealth Management (Namibia) (Proprietary) Limited

Enquiries

Investor Relations Patrick Bowes (Interim Head of Investor Relations)	T: [phone] E: [e-mail]
Communications: Tabby Tsengiwe	T: [phone] M: [phone] E: [e-mail]

Notes to Editors

About Old Mutual Limited

Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets segments in 17 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and it has niche businesses in Latin America and Asia. With over 170 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent.

For further information on Old Mutual, and its underlying businesses, please visit the corporate website at www.oldmutual.com.

 

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