Director/PDMR Shareholding

RNS Number : 1401Y

Old Mutual PLC

27 August 2009

 

Ref 63/09

27 August 2009

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

EXERCISE OF AN OPTION BY A PDMR

Mr T A Boardman, Chief Executive of Nedbank Group Limited, exercised the following option under the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme on 25 August 2009:

Original date of grant	Shares under option	Exercise Price
30 June 2005	100,000	R76.79

Mr Boardman sold 92,640 of the above shares at a price of R113.44 each resulting in a pre-tax gain from the shares sold of R3,395,256.

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 192,765, of which 120,000 have vested. Mr Boardman now holds 81,100 Nedbank Group Limited Ordinary shares 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
Patrick Bowes	UK	[phone]
Deward Serfontein	SA	[phone]
Media
Matthew Gregorowski	UK / SA	[phone]
		[phone]
Don Hunter (Finsbury)	UK	[phone]

Notes to Editors

Old Mutual

Old Mutual plc is a leading international long-term savings Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.

In the year ended 31 December 2008, the Group reported adjusted operating profit of £1.0 billion (on an IFRS basis) and had £265 billion of funds under management at the year end. The Group has approximately 57,000 employees.

 

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