Director/PDMR Shareholding

RNS Number : 9190V

Old Mutual Limited

19 April 2021

 

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 10_21

19 April 2021

DEALINGS IN SECURITIES BY DIRECTORS, COMPANY SECRETARY AND PRESCRIBED OFFICERS OF OLD MUTUAL

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following directors, company secretary and prescribed officers of Old Mutual have been awarded, and have accepted, conditional shares in terms of the company's Lo ng-Term Incentive Plan (LTIP) Rules:

Director	Iain G Williamson
Position	Chief Executive Officer
Company	Old Mutual
Nature of transactions	Off-market award of Conditional shares in respect of LTIP Awards granted
Class of Securities	Ordinary shares
Transaction Date	16-Apr-21
Vesting Date	Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.
Number of shares	1 804 814
Grant Price per share	R 13.0900
Value of Transaction	R 23 625 015.26
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 Conditional shares in respect of LTIP Awards granted
Class of Securities	Ordinary shares
Transaction Date	16-Apr-21
Vesting Date	Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.
Number of shares	609 125
Grant Price per share	R 13.0900
Value of Transaction	R 7 973 446.25
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF
Director	Elsabé Margaretha Kirsten
Position	Company Secretary
Company	Old Mutual
Nature of transactions	Off-market award of Conditional shares in respect of LTIP Awards granted
Class of Securities	Ordinary shares
Date of Acceptance	16-Apr-21
Vesting Date	Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.
Number of shares	76 395
Grant Price per share	R 13.0900
Value of Transaction	R 1 000 010.55
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF
Director	Clement Chinaka
Position	Managing Director: Rest of Africa
Company	Old Mutual
Nature of transactions	Off-market award of Conditional shares in respect of LTIP Awards granted
Class of Securities	Ordinary shares
Transaction Date	16-Apr-21
Vesting Date	Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.
Number of shares	548 149
Grant Price per share	R 13.0900
Value of Transaction	R 7 175 270.41
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF
Director	Tsakani Clarence Nethengwe
Position	Managing Director: Mass Foundation Cluster
Company	Old Mutual
Nature of transactions	Off-market award of Conditional shares in respect of LTIP Awards granted
Class of Securities	Ordinary shares
Transaction Date	16-Apr-21
Vesting Date	Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.
Number of shares	609 054
Grant Price per share	R 13.0900
Value of Transaction	R 7 972 516.86
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF
Director	Prabashini Moodley
Position	Managing Director: Corporate
Company	Old Mutual
Nature of transactions	Off-market award of Conditional shares in respect of LTIP Awards granted
Class of Securities	Ordinary shares
Transaction Date	16-Apr-21
Vesting Date	Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.
Number of shares	401 071
Grant Price per share	R 13.0900
Value of Transaction	R 5 250 019.39
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF
Director	Gcinikhaya L Gobodo
Position	Managing Director: Old Mutual Investments
Company	Old Mutual
Nature of transactions	Off-market award of Conditional shares in respect of LTIP Awards granted
Class of Securities	Ordinary shares
Transaction Date	16-Apr-21
Vesting Date	Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.
Number of shares	523 912
Grant Price per share	R 13.0900
Value of Transaction	R 6 858 008.08
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF
Director	Kerrin Land
Position	Managing Director: Personal Finance and Wealth Management
Company	Old Mutual
Nature of transactions	Off-market award of Conditional shares in respect of LTIP Awards granted
Class of Securities	Ordinary shares
Transaction Date	16-Apr-21
Vesting Date	Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.
Number of shares	365 433
Grant Price per share	R 13.0900
Value of Transaction	R 4 873 517.97
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF
Director	Garth Napier
Position	Managing Director: Old Mutual Insure
Company	Old Mutual
Nature of transactions	Off-market award of Conditional shares in respect of LTIP Awards granted
Class of Securities	Ordinary shares
Transaction Date	16-Apr-21
Vesting Date	Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.
Number of shares	582 650
Grant Price per share	R 13.0900
Value of Transaction	R 7 626 888.50
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF
Director	Heloise Van Der Mescht
Position	Acting Chief Operations Officer
Company	Old Mutual
Nature of transactions	Off-market award of Conditional shares in respect of LTIP Award granted
Class of Securities	Ordinary shares
Transaction Date	16-Apr-21
Vesting Date	Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.
Number of shares	224 791
Grant Price per share	R 13.0900
Value of Transaction	R2 942 514.19
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Sandton

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: [phone] E: [e-mail]
Communications
Tabby Tsengiwe Head of Communications	T: [phone] M: [phone] E: [e-mail]

Notes to Editors

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 14 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and we have a niche business in China. With over 175 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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