Director/PDMR Shareholding

RNS Number : 4284C

Old Mutual PLC

01 September 2008

 



Ref 137/08

1 September 2008

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRs) OR CONNECTED PERSONS IN ACCORDANCE WITH RULE 3.1.4R OF THE DISCLOSURE AND TRANSPARENCY RULES

Old Mutual plc (the Company) announces the following changes in listed subsidiary share interests of a PDMR.

Exercise of an option under the Nedcor Group (1994) Employee Incentive Scheme

Mr T A Boardman, Chief Executive of Nedbank Group Limited, exercised an option on 28 August 2008 over 125,000 Nedbank Group Limited shares, originally granted on 11 May 2004. Mr Boardman sold 100,000 of these shares and retained 25,000, as follows:

PDMR	Original grant date	No. of shares exercised	Exercise price	No. of shares sold	Sale Price	Gain made on sale	Gain made on unsold shares on exercise
T A Boardman	11 May 2004	125,000	R60.01	100,000	R106.96	R4,695,000	R1,173,750

The total number of Nedbank Group Limited shares held by Mr Boardman under option under the Nedcor Group (1994) Employee Incentive Scheme and the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme is 292,765 of which 100,000 have vested. The total number of restricted shares held by Mr Boardman under the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme is 60,167. 

Mr Boardman also holds 98,936 Nedbank Group Limited Ordinary shares (of which 30,000 are held in respect of the Matched Share Scheme) and 85,000 Nedbank Limited preference shares.

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com 

Enquiries

Investor Relations
Mary Jackets	UK	[phone]
Deward Serfontein	SA	[phone]

 

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