Director/PDMR Shareholding

RNS Number : 0636U
Old Mutual Limited
26 March 2019
 

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "the Company")

 

Ref 05/19

26 March 2019

 

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

 

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following directors and company secretary of Old Mutual 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

Position

Chief Executive Officer

Company

Old Mutual

Nature of transactions

Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award

Class of Securities

Ordinary shares

Date of Award

20 March 2019

Date of Acceptance

22 March 2019

Vesting Date

20 March 2022

Number of shares

219,027

Grant Price per share

R21.75 (being the closing price on 19 March 2019)

Value of Transaction

R4,763,821

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Mthandazo Peter Moyo

Position

Chief Executive Officer

Company

Old Mutual

Nature of transactions

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

Class of Securities

Ordinary shares

Date of Award

20 March 2019

Date of Acceptance

22 March 2019

Vesting Date

Award vests in equal tranches on 20 March 2022, 20 March 2023 and 20 March 2024 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

579,311

Grant Price per share

R21.75 (being the closing price on 19 March 2019)

Value of Transaction

R12,600,000

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Casparus Gerhardus Troskie

Position

Chief Financial Officer

Company

Old Mutual

Nature of transactions

Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award

Class of Securities

Ordinary shares

Date of Award

20 March 2019

Date of Acceptance

22 March 2019

Vesting Date

20 March 2022

Number of shares

119,371

Grant Price per share

R21.75 (being the closing price on 19 March 2019)

Value of Transaction

R2,596,315

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Casparus Gerhardus Troskie

Position

Chief Financial Officer

Company

Old Mutual

Nature of transactions

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

Class of Securities

Ordinary shares

Date of Award

20 March 2019

Date of Acceptance

22 March 2019

Vesting Date

Award vests in equal tranches on 20 March 2022, 20 March 2023 and 20 March 2024 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

238,966

Grant Price per share

R21.75 (being the closing price on 19 March 2019)

Value of Transaction

R5,197,500

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Group Company Secretary

Elsabé Margaretha Kirsten

Position

Company Secretary

Company

Old Mutual

Nature of transactions

Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award

Class of Securities

Ordinary shares

Date of Award

20 March 2019

Date of Acceptance

22 March 2019

Vesting Date

20 March 2022

Number of shares

15,931

Grant Price per share

R21.75 (being the closing price on 19 March 2019)

Value of Transaction

R346,497

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

 

 

 

 

 

  Sponsors

Johannesburg Stock Exchange

Merrill Lynch South Africa (Pty) Limited

Namibia

PSG Wealth Management (Namibia) (Proprietary) Limited

Zimbabwe

Imara Capital Zimbabwe plc

Malawi

Stockbrokers Malawi Limited

 

  Enquiries

Investor Relations


Sizwe Ndlovu

Head of Investor Relations

T: +27 (0)11 217 1163

M: +27 (0)83 500 8019

E: tndlovu6@oldmutual.com



Communications


Tabby Tsengiwe

Head of Communications

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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