Director/PDMR Shareholding

RNS Number : 8419K
Old Mutual Limited
18 December 2018
 

Old Mutual Limited

Incorporated in the Republic of South Africa

(Registration number: 2017/235138/06)

ISIN: ZAE000255360

JSE Share Code: OMU

NSX Share Code: OMM

("Old Mutual)"

 

LEI: 213800MON84ZWWPQCN47

Ref 80_18

18 December 2018

 

 

DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY AND COMPANY SECRETARY OF OLD MUTUAL.

 

Awards

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following directors and company secretary of the Company have been awarded and accepted forfeitable shares in terms of the company's Employee Share Ownership Plan (ESOP) and Long-Term Incentive Plan (LTIP) Rules:

 

Director

Mthandazo Peter Moyo

Company

Old Mutual

Nature of transactions

Off-market award of forfeitable shares in respect of the Broad-Based Employee Share Plan Special Award

Class of Securities

Forfeitable OML ordinary shares

Date of Award

14 December 2018

Date of Acceptance

18 December 2018

Vesting Date

18 September 2020

Number of awarded forfeitable shares

128

Grant Price per share

R22.00 (being the closing price on 13 December 2018)

Valuation of Transaction

R2,816

Nature of interest

Direct beneficial

Clearance obtained

Yes

 

 

Director

Mthandazo Peter Moyo

Company

Old Mutual

Nature of transactions

Off-market award of forfeitable shares in respect of the Old Mutual Emerging Markets Managed Separation Incentive Plan Special Award

Class of Securities

Forfeitable OML ordinary shares

Date of Award

14 December 2018

Date of Acceptance

18 December 2018

Vesting Date

18 September 2019

Number of awarded forfeitable shares

86,180

Grant Price per share

R22.00 (being the closing price on 13 December 2018)

Valuation of Transaction

R1,895,960

Nature of interest

Direct beneficial

Clearance obtained

Yes

 

 

Director

Casparus Gerhardus Troskie

Company

Old Mutual

Nature of transactions

Off-market award of forfeitable shares in respect of the Broad-Based Employee Share Plan Special Award

Class of Securities

Forfeitable OML ordinary shares

Date of Award

14 December 2018

Date of Acceptance

14 December 2018

Vesting Date

18 September 2020

Number of awarded forfeitable shares

128

Grant Price per share

R22.00 (being the closing price on 13 December 2018)

Valuation of Transaction

R2,816

Nature of interest

Direct beneficial

Clearance obtained

Yes

 

 

Director

Casparus Gerhardus Troskie

Company

Old Mutual

Nature of transactions

Off-market award of forfeitable shares in respect of the ESOP Appointment Special Award

Class of Securities

Forfeitable OML ordinary shares

Date of Award

14 December 2018

Date of Acceptance

14 December 2018

Vesting Date

18 September 2021

Number of awarded forfeitable shares

31,831

Grant Price per share

R22.00 (being the closing price on 13 December 2018)

Valuation of Transaction

R700,282

Nature of interest

Direct beneficial

Clearance obtained

Yes

 

Director

Casparus Gerhardus Troskie

Company

Old Mutual

Nature of transactions

Off-market award of forfeitable shares in respect of the LTIP Special Award

Class of Securities

Forfeitable OML ordinary shares

Date of Award

14 December 2018

Date of Acceptance

14 December 2018

Vesting Date

Award vests in equal tranches on 18 September 2021, 18 September 2022 and 18 September 2023 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee

Number of awarded forfeitable shares

114,589

Grant Price per share

R22.00 (being the closing price on 13 December 2018)

Valuation of Transaction

R2,520,958

Nature of interest

Direct beneficial

Clearance obtained

Yes





Group Company Secretary

Elsabé Margaretha Kirsten

Company

Old Mutual

Nature of transactions

Off-market award of forfeitable shares in respect of the Broad-Based Employee Share Plan Special Award

Class of Securities

Forfeitable OML ordinary shares

Date of Award

14 December 2018

Date of Acceptance

18 December 2018

Vesting Date

18 September 2020

Number of awarded forfeitable shares

128

Grant Price per share

R22.00 (being the closing price on 13 December 2018)

Valuation of Transaction

R2,816

Nature of interest

Direct beneficial

Clearance obtained

Yes

 

 

JSE Sponsor

Merrill Lynch South Africa (Pty) Limited

Namibian Sponsor

PSG Wealth Management (Namibia) (Proprietary) Limited

 

Enquiries

Investor Relations

Patrick Bowes

(Interim Head of Investor Relations)

 

T: +44 (0)20 7002 7440

E: Patrick.bowes@omg.co.uk

Communications:

Tabby Tsengiwe

 

T: +27 (11) 217 1953

M: +27 (0)60 547 4947

E: ttsengiwe@oldmutual.com

 

Notes to Editors

 

About Old Mutual Limited

 

Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets segments in 17 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and it has niche businesses in Latin America and Asia. With over 170 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent.

 

For further information on Old Mutual, and its underlying businesses, please visit the corporate website at www.oldmutual.com.

 


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