Director/PDMR Shareholding

RNS Number : 3533J
Old Mutual Limited
26 April 2022
 

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

LSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "the Company")

 

 

26 April 2022

Ref: 13/22

 

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 forfeitable shares in terms of the company's Employee Share Ownership Plan (ESOP) Rules:

 

Director

Iain George Williamson

Position

Chief Executive Officer

Company

Old Mutual

Nature of transactions

Off-market award of conditional shares in respect of the annual LTIP Award

Class of Securities

Old Mutual ordinary shares

Transaction Date

20-Apr-22

Vesting Date

Award vests in equal tranches on 13 April 2025, 13 April 2026 and 13 April 2027 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

1 018 130

Grant Price per share

R13.7900

Value of Transaction

R14 040 012.7000

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 the annual LTIP Award

Class of Securities

Old Mutual ordinary shares

Transaction Date

20-Apr-22

Vesting Date

Award vests in equal tranches on 13 April 2025, 13 April 2026 and 13 April 2027 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

498 550

Grant Price per share

R13.7900

Value of Transaction

R6 875 004.5000

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 the annual LTIP Award

Class of Securities

Old Mutual ordinary shares

Transaction Date

25-Apr-22

Vesting Date

Award vests in equal tranches on 13 April 2025, 13 April 2026 and 13 April 2027 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

30 167

Grant Price per share

R13.7900

Value of Transaction

R416 002.9300

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 the annual LTIP Award

Class of Securities

Old Mutual ordinary shares

Transaction Date

25-Apr-22

Vesting Date

Award vests in equal tranches on 13 April 2025, 13 April 2026 and 13 April 2027 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

430 566

Grant Price per share

R13.7900

Value of Transaction

R5 937 505.1400

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 the annual LTIP Award

Class of Securities

Old Mutual ordinary shares

Transaction Date

25-Apr-22

Vesting Date

Award vests in equal tranches on 13 April 2025, 13 April 2026 and 13 April 2027 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

430 566

Grant Price per share

R13.7900

Value of Transaction

R5 937 505.1400

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 the annual LTIP Award

Class of Securities

Old Mutual ordinary shares

Transaction Date

25-Apr-22

Vesting Date

Award vests in equal tranches on 13 April 2025, 13 April 2026 and 13 April 2027 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

385 243

Grant Price per share

R13.7900

Value of Transaction

R5 312 500.9700

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Gcinikhaya Loyiso Gobodo

Position

Managing Director: Old Mutual Investments

Company

Old Mutual

Nature of transactions

Off-market award of conditional shares in respect of the annual LTIP Award

Class of Securities

Old Mutual ordinary shares

Transaction Date

25-Apr-22

Vesting Date

Award vests in equal tranches on 13 April 2025, 13 April 2026 and 13 April 2027 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

258 340

Grant Price per share

R13.7900

Value of Transaction

R3 562 508.6000

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 the annual LTIP Award

Class of Securities

Old Mutual ordinary shares

Transaction Date

20-Apr-22

Vesting Date

Award vests in equal tranches on 13 April 2025, 13 April 2026 and 13 April 2027 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

430 566

Grant Price per share

R13.7900

Value of Transaction

R5 937 505.1400

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 the annual LTIP Award

Class of Securities

Old Mutual ordinary shares

Transaction Date

25-Apr-22

Vesting Date

Award vests in equal tranches on 13 April 2025, 13 April 2026 and 13 April 2027 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

258 340

Grant Price per share

R13.7900

Value of Transaction

R3 562 508.6000

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Zurieda Ebrahim (Atkinson)

Position

Chief Operating Officer

Company

Old Mutual

Nature of transactions

Off-market award of conditional shares in respect of the annual LTIP Award

Class of Securities

Old Mutual ordinary shares

Transaction Date

20-Apr-22

Vesting Date

Award vests in equal tranches on 13 April 2025, 13 April 2026 and 13 April 2027 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

407 905

Grant Price per share

R13.7900

Value of Transaction

R5 625 009.9500

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Zurieda Ebrahim (Atkinson)

Position

Chief Operating Officer

Company

Old Mutual

Nature of transactions

Off-market award of conditional shares in respect of the Buyout Award agreed in the employment contract

Class of Securities

Old Mutual ordinary shares

Transaction Date

20-Apr-22

Vesting Date

Award vests in equal tranches on 13 April 2025, 13 April 2026 and 13 April 2027 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

362 582

Grant Price per share

R13.7900

Value of Transaction

R5 000 005.7800

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

 

Sandton

 

Sponsors

 

Johannesburg Stock Exchange

Merrill Lynch South Africa (Pty) Limited ta BofA Securities

Malawi Stock Exchange

Stockbrokers Malawi Limited

Namibia Stock Exchange

PSG Wealth Management (Namibia) (Proprietary) Limited

Zimbabwe Stock Exchange

Imara Capital Zimbabwe plc

 

Enquiries

Investor Relations


 

Sizwe Ndlovu

Head of Investor Relations

T: +27 (0)11 217 1163

E: tndlovu6@oldmutual.com



 

Communications


 

Vuyo Mtawa

M: +27 68 422 8125

Head: Group Communications

E: vmtawa@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 market segments in 14 countries. Old Mutual's primary operations are in South Africa and the Rest of Africa and it has a niche business in Asia. With over 176 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities they serve and the 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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