Director/PDMR Shareholding

RNS Number : 2760Z

Old Mutual PLC

05 March 2013

 



Old Mutual plc

Ref 22/13

5 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

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

70.7% of the restricted shares awarded on 2 March 2010 with performance-based vesting criteria, and all of the restricted shares awarded on 3 March 2010 with time-based vesting criteria, to Mr M W T Brown, Chief Executive of Nedbank Group Limited and a member of the Group Executive Committee of Old Mutual plc, vested on 3 and 4 March 2013 respectively.

The restricted shares, issued at no cost to Mr Brown, were fully taxable and subject to the deduction of PAYE at the time of vesting.

Date of vesting	Number of vested shares	Vesting price per share	Total Value	Number of shares lapsed
3 March 2013	30,655	R194.55	R5,963,930.25	12,705
4 March 2013	43,360	R194.55	R8,435,688.00	-

Mr Brown now holds 111,576 restricted shares, granted under the Nedbank Group (2005) share option, matched share and restricted share scheme and 225,416 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

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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