Director/PDMR Shareholding

RNS Number : 6875V
Old Mutual Limited
06 April 2023
 

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 28/23

 

06 April 2023

 

DEALINGS IN SECURITIES BY DIRECTORS, COMPANY SECRETARY AND PRESCRIBED OFFICERS OF OLD MUTUAL

 

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following directors, company secretary and prescribed officers 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

Iain George Williamson

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

Transaction Date

31 March 2023

Vesting Date

Award vests in equal tranches on 31 March 2024, 31 March 2025 and 31 March 2026.

Number of shares*

371 543

Grant Price per share

R11.90000

Value of Transaction

R 4,421,361.70

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

Transaction Date

31 March 2023

Vesting Date

Award vests in equal tranches on 31 March 2024, 31 March 2025 and 31 March 2026.

Number of shares

248 027

Grant Price per share

R11.90 000

Value of Transaction

R 2,951,521.30

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Zureida Ebrahim

Position

Chief Operating 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

Transaction Date

31 March 2023

Vesting Date

Award vests in equal tranches on 31 March 2024, 31 March 2025 and 31 March 2026.

Number of shares

176 739

Grant Price per share

R11.90000

Value of Transaction

R 2,103,194.10

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 


Director

Clement Chinaka

Position

Managing Director: Old Mutual Africa Regions

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

Transaction Date

31 March 2023

Vesting Date

Award vests in equal tranches on 31 March 2024, 31 March 2025 and 31 March 2026.

Number of shares

211 548

Grant Price per share

R11.90000

Value of Transaction

R 2,517,421.20

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Tsakani Clarence Nethengwe

Position

Managing Director: Mass Foundation Cluster

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

Transaction Date

31 March 2023

Vesting Date

Award vests in equal tranches on 31 March 2024, 31 March 2025 and 31 March 2026.

Number of shares

193 905

Grant Price per share

R11.90000

Value of Transaction

R 2,307,469.50

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Prabashini Moodley

Position

Managing Director: Corporate

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

Transaction Date

31 March 2023

Vesting Date

Award vests in equal tranches on 31 March 2024, 31 March 2025 and 31 March 2026.

Number of shares

167 069

Grant Price per share

R11.90000

Value of Transaction

R 1,988,121.10

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Gcinikhaya Loyiso Gobodo

Position

Managing Director: Wealth and Investments

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

Transaction Date

31 March 2023

Vesting Date

Award vests in equal tranches on 31 March 2024, 31 March 2025 and 31 March 2026.

Number of shares

556 145

Grant Price per share

R11.90000

Value of Transaction

R 6,618,125.50

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Kerrin Land

Position

Managing Director: Personal Finance

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

Transaction Date

31 March 2023

Vesting Date

Award vests in equal tranches on 31 March 2024, 31 March 2025 and 31 March 2026.

Number of shares

188 614

Grant Price per share

R11.90000

Value of Transaction

R 2,244,506.60

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Garth Napier

Position

Managing Director: Old Mutual Insure

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

Transaction Date

31 March 2023

Vesting Date

Award vests in equal tranches on 31 March 2024, 31 March 2025 and 31 March 2026.

Number of shares

198 057

Grant Price per share

R11.90000

Value of Transaction

R 2,356,878.30

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

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

Transaction Date

31 March 2023

Vesting Date

Award vests in equal tranches on 31 March 2024, 31 March 2025 and 31 March 2026.

Number of shares

55 906

Grant Price per share

R11.90000

Value of Transaction

R 665,281.40

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Elsabé Margaretha Kirsten

Position

Company Secretary

Company

Old Mutual

Nature of transactions

Off-market award of forfeitable shares in respect of the ESOP Retention Bonus Award

Class of Securities

Ordinary shares

Transaction Date

31 March 2023

Vesting Date

Award vests in equal tranches on 31 March 2024, 31 March 2025 and 31 March 2026.

Number of shares

42 017

Grant Price per share

R11.90000

Value of Transaction

R 500,002.30

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Sandton

 

Sponsors

 

Johannesburg Stock Exchange

Merrill Lynch South Africa (Pty) Limited ta BofA Securities

Malawi Stock Exchange

Stockbrokers Malawi Limited

Namibia Stock Exchange

PSG Wealth Management (Namibia) (Proprietary) Limited

Zimbabwe Stock Exchange

Imara Capital Zimbabwe plc

 

Enquiries

Investor Relations


 

Bonga Mriga

Interim Head: Investor Relations

M: +27 (0)67 866 6348

E: bmriga@oldmutual.com



 

Communications


 

Vuyo Mtawa

M: +27 68 422 8125

Head: Group Communications

E: vmtawa@oldmutual.com

 

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 market segments in 14 countries. Old Mutual's primary operations are in South Africa and the Africa Regions, and it has a niche business in Asia. With over 177 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities they serve and the broader society on the continent.

 

For further information on Old Mutual, and its underlying businesses, please visit the corporate website at www.oldmutual.com .

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHIFMATMTBMBBJ
UK 100

Latest directors dealings