22nd Apr 2015 12:01
Old Mutual plc
Ref 315/15
22 April 2015
Notification of transactions of directors, persons discharging managerial responsibilities or connected persons
The following awards over restricted ordinary shares in OM Asset Management plc (OMAM) were made to Peter Bain, Chief Executive of OMAM and a member of the Group Executive Committee of Old Mutual plc, on 6 March 2015:
Vesting Criteria | Type of award | Number of shares held under award | Value |
Time-based | Restricted Shares | 158,263 | $2,793,342 |
Performance-based | Restricted Stock Units | 79,132 | $1,396,680 |
Performance-based | Restricted Stock Units | 66,667 | $1,176,673 |
The time-based award will vest, subject to Peter Bain remaining in employment, in equal thirds on the first, second and third anniversaries of the date of award, and the performance-based awards will vest on the third anniversary of grant, subject to the achievement of OMAM corporate performance targets.
Enquiries
External communications
Patrick Bowes UK +44 20 7002 7440
Investor relations
Dominic Lagan UK +44 20 7002 7190
Sizwe Ndlovu SA +27 11 217 1163
Media
William Baldwin-Charles +44 20 7002 7133
+44 7834 524833
Notes to Editors
Old Mutual provides investment, savings, insurance and banking services to more than 17 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.
In the year ended 31 December 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £319 billion of funds under management from core operations.
For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com
Related Shares:
Old Mutual PLC