Director/PDMR Shareholding

RNS Number : 0636U

Old Mutual Limited

26 March 2019

 

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "the Company")

Ref 05/19

26 March 2019

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

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following directors and company secretary of Old Mutual 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
Position	Chief Executive Officer
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award
Class of Securities	Ordinary shares
Date of Award	20 March 2019
Date of Acceptance	22 March 2019
Vesting Date	20 March 2022
Number of shares	219,027
Grant Price per share	R21.75 (being the closing price on 19 March 2019)
Value of Transaction	R4,763,821
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Director	Mthandazo Peter Moyo
Position	Chief Executive Officer
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the LTIP Award
Class of Securities	Ordinary shares
Date of Award	20 March 2019
Date of Acceptance	22 March 2019
Vesting Date	Award vests in equal tranches on 20 March 2022, 20 March 2023 and 20 March 2024 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.
Number of shares	579,311
Grant Price per share	R21.75 (being the closing price on 19 March 2019)
Value of Transaction	R12,600,000
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Director	Casparus Gerhardus Troskie
Position	Chief Financial Officer
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award
Class of Securities	Ordinary shares
Date of Award	20 March 2019
Date of Acceptance	22 March 2019
Vesting Date	20 March 2022
Number of shares	119,371
Grant Price per share	R21.75 (being the closing price on 19 March 2019)
Value of Transaction	R2,596,315
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Director	Casparus Gerhardus Troskie
Position	Chief Financial Officer
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the LTIP Award
Class of Securities	Ordinary shares
Date of Award	20 March 2019
Date of Acceptance	22 March 2019
Vesting Date	Award vests in equal tranches on 20 March 2022, 20 March 2023 and 20 March 2024 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.
Number of shares	238,966
Grant Price per share	R21.75 (being the closing price on 19 March 2019)
Value of Transaction	R5,197,500
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Group Company Secretary	Elsabé Margaretha Kirsten
Position	Company Secretary
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award
Class of Securities	Ordinary shares
Date of Award	20 March 2019
Date of Acceptance	22 March 2019
Vesting Date	20 March 2022
Number of shares	15,931
Grant Price per share	R21.75 (being the closing price on 19 March 2019)
Value of Transaction	R346,497
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

  Sponsors

Johannesburg Stock Exchange	Merrill Lynch South Africa (Pty) Limited
Namibia	PSG Wealth Management (Namibia) (Proprietary) Limited
Zimbabwe	Imara Capital Zimbabwe plc
Malawi	Stockbrokers Malawi Limited

  Enquiries

Investor Relations
Sizwe Ndlovu Head of Investor Relations	T: [phone] M: [phone] E: [e-mail]
Communications
Tabby Tsengiwe Head of Communications	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.

 

END

 

 

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