Director/PDMR Shareholding

RNS Number : 0347C

Old Mutual PLC

11 March 2014

 



Old Mutual plc

Ref 19/14

11 March 2014

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 following restricted share award over Nedbank Group ordinary shares has been granted to Mr M W T Brown, Chief Executive of Nedbank Group Limited and a member of the Group Executive Committee of Old Mutual plc, under the terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme:

Grant Date	Vesting Criteria	Number of restricted shares granted	Value
6 March 2014	Performance-based	62,200	R12,999,800

The restricted shares were granted at the volume weighted average price (R209) for the three trading days ended 26 February 2014 at no cost to Mr Brown and vesting of these shares is due to occur (subject to fulfilment of the applicable performance criteria) on 7 March 2017.

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 16 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 2013, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £294 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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