Director/PDMR Shareholding

RNS Number : 6085Z

Old Mutual PLC

08 March 2013

 



Old Mutual plc

Ref 23/13

8 March 2013

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

On 4 March 2013, the Company's subsidiary Nedbank Group Limited announced the vesting of restricted share awards over 74,015 Nedbank Group Limited shares to Mr M W T Brown, Chief Executive of Nedbank Group Limited and a member of the Group Executive Committee of Old Mutual plc. Mr Brown sold these shares on 5 March 2013 as follows:

Date of sale	Number of shares	Sale price	Value
5 March 2013	74,015	R192.4272	R14,242,499.21

Mr Brown now holds 111,576 restricted shares in Nedbank Group Limited granted under the Nedbank Group (2005) share option, matched share and restricted share scheme and 151,401 Nedbank Group Limited Ordinary shares, of which 30,671 shares have been committed in respect of the compulsory bonus deferral scheme and 10,330 shares have been committed in respect of the Matched Share Scheme.

Enquiries

External communications

Patrick Bowes                           UK        [phone]

Investor relations

Dominic Lagan                           UK        [phone]

Kelly de Kock                            SA        [phone]

Media

William Baldwin-Charles                         [phone]

                                                            [phone]

Notes to Editors

Old Mutual provides life assurance, asset management, banking and general insurance to more than 14 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2012, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £262 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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