Director/PDMR Shareholding

RNS Number : 3881O

Old Mutual PLC

05 March 2009

 



Ref 05/09

5 March 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

GRANT OF RESTRICTED SHARES TO A PDMR

The following restricted share award was granted to Mr T Boardman, Chief Executive of Nedbank Group Limited and a member of the Executive Committee of Old Mutual plc, on 3 March 2009 under the terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme:

PDMR	Type of shares	Number of Restricted shares granted	Value
T A Boardman	Nedbank Group ordinary shares	99,340	R7,524,012

The restricted shares were granted at the volume weighted average price (R75.74) for the three days 26 and 27 February 2009 and 2 March 2009 at no cost to Mr Boardman and vesting of these shares, which is due to occur on 4 March 2012, is subject to time-based and performance-based vesting criteria.

The total number of restricted shares held by Mr Boardman under the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme is 159,507. 

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

Enquiries

Investor Relations
Aleida White	UK	[phone]
Deward Serfontein	SA	[phone]
Media
Matthew Gregorowski	UK / SA	[phone]
Brian Cattell (Finsbury)	UK	[phone]

Notes to Editors

Old Mutual

Old Mutual plc is an international savings and wealth management company based in the UK. Originating in South Africa in 1845, the group has a portfolio of businesses offering life assurance, asset management, banking and general insurance services in over 40 countries 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 Company has approximately 55,000 employees.

Forward-looking statements

This announcement or presentation may contain certain forward-looking statements with respect to certain of Old Mutual plc's plans and its current goals and expectations relating to its future financial condition, performance and results. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that are beyond Old Mutual plc's control, including, among other things, UK domestic and global economic and business conditions, market-related risks such as fluctuations in interest rates and exchange rates, policies and actions of regulatory authorities, the impact of competition, inflation, deflation, the timing and impact of other uncertainties or of future acquisitions or combinations within relevant industries, as well as the impact of tax and other legislation and other regulations in territories where Old Mutual plc or its affiliates operate. 

As a result, Old Mutual plc's actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in Old Mutual plc's forward-looking statements. Old Mutual plc undertakes no obligation to update any forward-looking statements contained in this announcement or presentation or any other forward-looking statements that it may make.

 

END

 

 

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