logo-loader
RNS
viewOld Mutual Limited

Old Mutual Ltd - Director/PDMR Shareholding

RNS Number : 7676I
Old Mutual Limited
03 April 2020
 

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 13/20

3 April 2020

 

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 accepted forfeitable shares in terms of the company's Employee Share Ownership Plan (ESOP) and Long-Term Incentive Plan (LTIP) Rules:

 

Director

Iain G Williamson

Position

Acting 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

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

764,645

Grant Price per share

R11.9500

Value of Transaction

R9,137,507.75

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Iain G Williamson

Position

Acting 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

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

26-Mar-23

Number of shares

175,733

Grant Price per share

R11.9500

Value of Transaction

R2,100,009.35

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

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

313,808

Grant Price per share

R11.9500

Value of Transaction

R3,750,005.60

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

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

26-Mar-23

Number of shares

137,239

Grant Price per share

R11.9500

Value of Transaction

R1,640,006.05

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 forfeitable shares in respect of the LTIP Award

Class of Securities

Ordinary shares

Date of Award

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

50,210

Grant Price per share

R11.9500

Value of Transaction

R600,009.50

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 forfeitable shares in respect of the ESOP Deferred Bonus Award

Class of Securities

Ordinary shares

Date of Award

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

26-Mar-23

Number of shares

30,126

Grant Price per share

R11.9500

Value of Transaction

R360,005.70

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 forfeitable shares in respect of the LTIP Award

Class of Securities

Ordinary shares

Date of Award

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

282,427

Grant Price per share

R11.9500

Value of Transaction

R3,375,002.65

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 forfeitable shares in respect of the ESOP Deferred Bonus Award

Class of Securities

Ordinary shares

Date of Award

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

26-Mar-23

Number of shares

120,503

Grant Price per share

R11.9500

Value of Transaction

R1,440,010.85

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 forfeitable shares in respect of the LTIP Award

Class of Securities

Ordinary shares

Date of Award

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

282,427

Grant Price per share

R11.9500

Value of Transaction

R3,375,002.65

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 forfeitable shares in respect of the ESOP Deferred Bonus Award

Class of Securities

Ordinary shares

Date of Award

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

26-Mar-23

Number of shares

97,072

Grant Price per share

R11.9500

Value of Transaction

R1,160,010.40

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 forfeitable shares in respect of the LTIP Award

Class of Securities

Ordinary shares

Date of Award

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

251,047

Grant Price per share

R11.9500

Value of Transaction

R3,000,011.65

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 forfeitable shares in respect of the ESOP Deferred Bonus Award

Class of Securities

Ordinary shares

Date of Award

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

26-Mar-23

Number of shares

72,804

Grant Price per share

R11.95

Value of Transaction

R870,007.8000

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Gcinikhaya L Gobodo

Position

Managing Director: Wealth and Investments

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

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

269,875

Grant Price per share

R11.9500

Value of Transaction

R3,225,006.25

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Kerrin Land

Position

Managing Director: Personal Finance

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

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

282,427

Grant Price per share

R11.9500

Value of Transaction

R3,375,002.65

Nature of interest

Direct beneficial

Clearance obtained

Yes

Place of the transaction

XOFF

 

Director

Kerrin Land

Position

Managing Director: Personal Finance

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

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

26-Mar-23

Number of shares

92,262

Grant Price per share

R11.9500

Value of Transaction

R1,102,530.90

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 forfeitable shares in respect of the LTIP Award

Class of Securities

Ordinary shares

Date of Award

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

283,659

Grant Price per share

R11.9500

Value of Transaction

R3,389,725.05

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 forfeitable shares in respect of the ESOP Deferred Bonus Award

Class of Securities

Ordinary shares

Date of Award

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

26-Mar-23

Number of shares

88,703

Grant Price per share

R11.9500

Value of Transaction

R1,060,000.85

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 forfeitable shares in respect of the LTIP Award

Class of Securities

Ordinary shares

Date of Award

26-Mar-20

Date of Acceptance

01-Apr-20

Vesting Date

Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.

Number of shares

256,909

Grant Price per share

R11.9500

Value of Transaction

R3,070,062.55

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: +27 (0)11 217 1163

E: [email protected]



Tokelo Mulaudzi

T: +27 (0)11 217 1161

Investor Relations Manager

E: [email protected]



Communications


Tabby Tsengiwe

Head of Communications

T: +27 (11) 217 1953

M: +27 (0)60 547 4947

E: [email protected]

 

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 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.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHIJMBTMTBMBPM

Quick facts: Old Mutual Limited

Price: 60.9192

Market: LSE
Market Cap: £2.94 billion
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE