11th Aug 2009 15:05
Ref 58/09
11 August 2009
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS IN ACCORDANCE WITH RULE 3.1.4R OF THE DISCLOSURE AND TRANSPARENCY RULES
GRANT OF RESTRICTED SHARES IN NEDBANK GROUP LIMITED TO A PDMR
The following restricted share award was granted to Mr T A Boardman, Chief Executive of Nedbank Group Limited and a member of the Group Executive Committee of Old Mutual plc, on 11 August 2009 under the terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme:
|
PDMR |
Type of shares |
Number of restricted shares granted |
Value |
|
T A Boardman |
Nedbank Group ordinary shares |
92,208 |
R9,999,957.60 |
The restricted shares were granted at the volume-weighted average price of R108.45 for the three trading days prior to issue, namely 5 to 7 August 2009, at no cost to Mr Boardman. Vesting of these shares, which is due to occur on 12 August 2012, is subject to time-based criteria and is also conditional upon Mr Boardman not engaging with competing financial institutions between his scheduled retirement as Chief Executive of Nedbank in February 2010 and the vesting date of these shares.
The total number of restricted shares held by Mr Boardman under the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme following this award is 251,715.
For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com
Enquiries
|
Investor Relations |
||
|
Patrick Bowes |
UK |
+44 (0)20 7002 7440 |
|
Deward Serfontein |
SA |
+27 (0)82 810 5672 |
|
Media |
||
|
Matthew Gregorowski |
UK / SA |
+44 (0)20 7002 7133 |
|
+44 (0)7748 183 834 |
||
|
Don Hunter (Finsbury) |
UK |
+44 (0)20 7251 3801 |
Notes to Editors
Old Mutual
Old Mutual plc is a leading international long-term savings Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.
In the year ended 31 December 2008, the Group reported adjusted operating profit of £1.0 billion (on an IFRS basis) and had £265 billion of funds under management at the year end. The Group has approximately 57,000 employees.
Related Shares:
Old Mutual PLC