Director/PDMR Shareholding

RNS Number : 7016Z

Old Mutual PLC

20 March 2012

 



Ref 23/12

20 March 2012

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

SALE OF NEDBANK GROUP LIMITED SHARES BY A PDMR

Mr M W T Brown, Chief Executive of Nedbank Group Limited and a member of the Group Executive Committee of Old Mutual plc, sold 25,333 Nedbank Group Limited shares on 16 March 2012 in order to fund the income tax due in respect of the vesting of a restricted share award over 66 015 Nedbank Group Limited shares originally granted on 4 March 2009 as follows:

Date of sale	Number of shares	Sale price	Value
16 March 2012	25,333	R169.7312	R4,299,800.49

Mr Brown now holds 272,062 restricted shares, granted under the Nedbank Group (2005) share option, matched share and restricted share scheme and 125,960 Nedbank Group Limited Ordinary shares, of which 15,479 shares have been committed in respect of the compulsory bonus deferral scheme and 19,635 shares have been committed in respect of the Matched Share Scheme.

Enquiries

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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 15 million customers in Europe, the Americas, Africa and Asia.  Old Mutual is 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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