Director/PDMR Shareholding

RNS Number : 8502P

Old Mutual PLC

31 May 2018

 

Old Mutual plc

Ref 212/18

31 May 2018

NOTIFICATION OF TRANSACTION BY THE CHAIRMAN OF QUILTER PLC

The Company has been informed, by a notification received on 30 May 2018, that Mr Glyn Jones, independent non-executive Chairman of Quilter plc, bought 268,792 shares in Old Mutual plc at a price of £2.406 per share on 30 May 2018.

Enquiries

External communications
Patrick Bowes	[phone]
Investor relations
Dominic Lagan (Old Mutual plc)	[phone]
John-Paul Crutchley (Quilter)	[phone]
Nwabisa Piki (Old Mutual Emerging Markets)	[phone]
Media
William Baldwin-Charles	[phone] [phone]

Notes to Editors

About Old Mutual plc

Old Mutual plc is a holding company for several financial services companies. In March 2016, it announced a new strategy of managed separation entailing the separation of its underlying businesses into independently-listed, standalone entities.

The managed separation strategy seeks to preserve and release the value currently trapped within the group structure. The managed separation will be materially complete by the end of 2018.

BrightSphere Investment Group, a US based institutional asset manager, which rebranded from OM Asset Management in March 2018, is now independent from Old Mutual. The remaining underlying businesses are:

Old Mutual Emerging Markets: Old Mutual Emerging Markets seeks to become a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 17 countries.

Nedbank: Nedbank ranks as a top-5 bank by capital on the African continent and Ecobank, in which Nedbank maintains a 21.2% shareholding, ranks within the top-10 banks by assets on the African continent.

Quilter: Quilter is a leader in the UK and in selected offshore markets in wealth management, providing advice-led investment solutions and investment platforms to over 900,000 customers, principally in the affluent market segment.

For the year ended 31 December 2017, Old Mutual reported an adjusted operating profit before tax of £2.0 billion. For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at www.oldmutualplc.com.

 

END

 

 

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