Director/PDMR Shareholding

RNS Number : 2656K

Old Mutual PLC

17 August 2012

 



Ref 80/12

17 August 2012

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

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

On 13 August 2012, 73,766 Nedbank Group Limited shares vested to Mr M W T Brown, Chief Executive of Nedbank Group Limited and a member of the Group Executive Committee of Old Mutual plc. These shares vested as a result of Mr Brown remaining an employee of Nedbank Group Limited throughout the vesting period.

Mr Brown sold these shares on 14 August 2012 at a price of R185.0673 per share giving a total value of R13,651,674.45.

Nedbank Group has also announced that the following adjustments have been included in Mr Brown's shareholding:

·      As announced on 13 April 2010, 4,351 shares were committed by Mr Brown to the Matched Share Scheme. These shares were acquired on the open market on behalf of Mr Brown and were not allocated from Mr Brown's existing shareholding as stated in the aforementioned announcement; and

·      On 12 April 2010, an election to receive capitalisation award shares was made on Mr Brown's share accounts and the following information is now disclosed in this regard:

Number of shares:                      372

Price per share:                         R127.66

Total value:                                R47,489.52

Nature of transaction:                 Capitalisation award

Extent of interest:                      Indirect beneficial

Enquiries

External communications
Patrick Bowes	UK	[phone]
Investor relations
Kelly de Kock	SA	[phone]
Media
William Baldwin-Charles		[phone] [phone]

Notes to Editors

Old Mutual

Old Mutual is an international long-term savings, protection and investment Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 12 million customers in Africa, the Americas, Asia and Europe.  Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2011, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £267 billion of funds under management from core operations.

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

 

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