7th Mar 2007 14:15
Old Mutual PLC07 March 2007 Old Mutual plc Ref 14/07 07 March 2007 Share interests of persons discharging managerial responsibilities (PDMRs) Old Mutual plc (the Company) announces the following changes in share interestsof its PDMRs. 1. Release of shares to Executive Directors under the Old Mutual RestrictedShare Plan The following bonus matching awards, granted on 3 March 2004 under the Company'sRestricted Share Plan (RSP), relating to investment by Mr Roberts and MrSutcliffe of some or all of their net cash incentives for the year ended 31December 2003 in shares in the Company, were released on 5 March 2007 as aresult of the successful achievement of EPS-based performance targets: Executive No. of shares No. of shares sold to cover Sale No. ofDirector released under income tax, employee National price shares the matching Insurance Contribution retained award liabilities and share dealing costs J V F 35,695 14,686 £1.64177 21,009RobertsJ H 83,989 34,557 £1.64177 49,432Sutcliffe 2. Option vesting to Executive Directors under the Old Mutual Share Option andDeferred Delivery Plan (SOP) The following options vested to Mr Roberts and Mr Sutcliffe on 3 March 2007 as aresult of the successful achievement of EPS-based performance targets: Executive Approved option Unapproved option Exercise ExpiryDirector shares vested shares vested price Date J V F 120 661,298 £0.9525 2 March 2010Roberts J H - 944,882 £0.9525 2 March 2010Sutcliffe 3. Executive Directors' interests in Old Mutual plc ordinary shares and employeeshare plans The total numbers of shares in the Company held under option under the SOP andthe Old Mutual UK Sharesave Plan (SAYE) by Mr Roberts and Mr Sutcliffe are nowas follows: Executive Total no. of shares No. of unvested No. of vestedDirector under option option shares option shares J V F 2,359,666 552,842 1,806,824RobertsJ H 3,401,838 807,367 2,594,471Sutcliffe The total numbers of shares in the Company contingently held under the RSP by MrRoberts and Mr Sutcliffe are now as follows: Executive No. of Restricted Shares under No. of Restricted Shares in respectDirector the bonus matching arrangement of deferred short-term incentives J V F 292,514 185,098RobertsJ H 526,936 266,738Sutcliffe The total numbers of shares in the Company in which the directors concerned(together with their connected persons, for the purposes of section 346 of theUK Companies Act 1985) are now beneficially interested (excluding the RSP awardsdescribed above which have not yet vested and all unexercised share optionshares) are as follows: Executive Director Old Mutual plc sharesJ V F Roberts 583,552J H Sutcliffe 1,368,403 4. Option vesting under the SOP to other PDMRs The following options vested (all with an exercise price of £0.9525 per share)to PDMRs on 3 March 2007 as a result of the successful achievement of EPS-basedperformance targets: PDMR Role of PDMR Approved option Unapproved option Expiry shares vested shares vested DateH CEO, Asia-Pacific - 472,441 2 MarchAskari 2010 G Chief Executive, Old Mutual - 355,012 2 MarchBarker Financial Network (US) 2010 R M Group Director, Southern - 433,071 2 MarchHead Africa 2010 M C Company Secretary - 45,473 2 MarchMurray 2010 M H Director, Group Corporate 120 53,030 2 MarchNewman Affairs 2010 S F Chief Executive, Old Mutual - 532,518 2 MarchPowers (US) 2010 5. Exercise of an option by a PDMR Mr Askari exercised the following options under the SOP on 5 and 6 March 2007: PDMR Date of Approved Unapproved Exercise No. of No. of exercise option shares option shares price shares shares exercised exercised sold retained H 5 March - 486,958 £0.8625 - 486,958Askari 07 H 6 March 34,782 - £0.8625 - 34,782Askari 07 6. Vesting of Deferred Delivery Shares under the SOP to PDMRs The following deferred delivery awards vested to Mr Bicket and Mr Hanratty on 3March 2007 as a result of the successful achievement of EPS-based performancetargets: PDMR Role of PDMR Deferred Delivery Award Expiry Shares vested price Date N Bicket Director of the CEO's 47,700 R11.77 2 March office 2010 P Managing Director, Old 648,365 R11.77 2 MarchHanratty Mutual South Africa 2010 7. Net settlement of Deferred Delivery Awards by PDMRs Deferred delivery awards held under the SOP were net settled by PDMRs asfollows: PDMR No. of shares Original Award price Date of net Net net settled grant (Escalated where settlement settlement date applicable) price N Bicket 72,600 4 March R15.15 1 March R24.42 2002 2007 N Bicket 142,507 26 R11.15 1 March R24.42 February 2007 2003 P 175,000 3 March R11.77 6 March R24.00Hanratty 2004 2007 8. Net settlement of a Restricted Share Award by a PDMR Mr Bicket net settled the following restricted share award under the RSP on 1March 2007: PDMR No. of shares net Original grant Net settlement settled date price N Bicket 28,502 26 February 2003 R24.42 9. Vesting of Restricted Share Awards to PDMRs The following restricted share awards vested to PDMRs on 5 March 2007: PDMR No. of shares No.of shares Sale No. of shares vested sold price retained G Barker 65,648 26,352 £1.64177 39,296N Bicket* 42,930 - - 42,930P Hanratty* 64,837 - - 64,837M H 42,519 17,494 £1.64177 25,025NewmanM C 36,377 16,377 £1.64177 20,000MurrayS F 123,234 51,631 £1.64177 71,603Powers * Mr Bicket and Mr Hanratty have not yet taken delivery of their restrictedshares that vested on 5 March 2007. 10. PDMRs' interests in Old Mutual plc ordinary shares and employee share plans The total numbers of shares in the Company held under option under the SOP andSAYE by the PDMRs detailed below are now as follows: PDMR Total no. of shares No. of unvested option No. of vested option under option shares sharesH Askari 472,441 - 472,441G Barker 1,400,346 255,579 1,144,767N Bicket 51,725 51,725 -P 159,484 159,484 -HanrattyR M Head 942,445 509,374 433,071M C 176,956 81,483 95,473MurrayM H 497,331 6,111 491,220NewmanS F 3,424,320 - 3,424,320Powers The total numbers of shares in the Company held as deferred delivery awardsunder the SOP by the PDMRs detailed below are now as follows: PDMR Total no. of deferred delivery No. of vested deferred delivery shares sharesN Bicket 47,700 47,700P 473,365 473,365Hanratty The total numbers of shares in the Company contingently held under the RSP bythe PDMRs detailed below are now as follows: PDMR Total restricted No. of vested restricted No. of unvested shares shares restricted sharesH Askari 144,164 - 144,164G Barker 99,217 - 99,217N Bicket 65,418 42,930 22,488P 219,757 108,679 111,078HanrattyR M Head 146,082 - 146,082M C 43,755 - 43,755MurrayM H 57,324 - 57,324NewmanS F 1,329,517 - 1,329,517Powers The total numbers of shares in the Company held under option under the OMSAManagement Incentive Share Plan (MISP) by the PDMRs detailed below are asfollows: PDMR Total no. of shares under option No. of unvested option sharesN Bicket 55,962 55,962P Hanratty 181,871 181,871 The total numbers of restricted shares in the Company held under the MISP by thePDMRs detailed below are as follows: PDMR Total no. of shares under award No. of unvested sharesN Bicket 23,073 23,073P Hanratty 94,279 94,279 The total numbers of shares in the Company in which the PDMRs below, (togetherwith their connected persons, for the purposes of section 346 of the UKCompanies Act 1985) are beneficially interested is as follows (excludingnon-vested RSP awards and unexercised shares held under option): PDMR Old Mutual plc sharesH Askari 540,948N Bicket 800P Hanratty 1,000R M Head 311,307M C Murray 120,000M H Newman 42,675S F Powers 445,532 11. PDMR's Option lapse under the Nedbank Group (2005) Share Option, MatchedShare and Restricted Share Scheme On 22 February 2007, the following options over shares in Nedbank Group Limited,in favour of Mr Boardman, Chief Executive of Nedbank Group Limited, lapsed as aresult of the performance targets attached to the options not being met. Theseoptions were due to vest on 1 April 2007. PDMR Original grant date Option shares lapsedT A Boardman 1 April 2003 10,000T A Boardman 1 April 2003 4,167 12. Option grant to a PDMR under the Nedbank Group (2005) Share Option, MatchedShare and Restricted Share Scheme The following option over shares in Nedbank Group Limited was granted by NedbankGroup Limited to Mr Boardman on 27 February 2007: PDMR Option shares Exercise Vesting date Expiry Date granted priceT A 72,765 R144.30 28 February 28 FebruaryBoardman 2010 2012 The total number of Nedbank Group Limited shares held by Mr Boardman underoption under the Nedcor Group (1994) Employee Incentive Scheme and the NedbankGroup (2005) Share Option, Matched Share and Restricted Share Scheme is 695,257,of which 152,492 have vested. Notes to Editors Old Mutual Old Mutual plc is an international savings and wealth management company basedin the UK. Originating in South Africa in 1845, the group has a balancedportfolio of businesses offering asset management, life assurance, banking andgeneral insurance services in over 40 countries, primarily South Africa, Europeand the United States. Old Mutual is listed on the London, Johannesburg andStockholm stock exchanges, among others. By conducting its business worldwide under its core values of integrity, respectand accountability, Old Mutual aspires to push beyond boundaries to drive valuefor all its stakeholders. In the year ended 31 December 2006, the group reported an increase in adjustedoperating profit of 16% to £1.4 billion (IFRS basis) and had £239 billion offunds under management. The Company has approximately 53,000 employees. For further information on Old Mutual plc, please visit the corporate website atwww.oldmutual.com Enquiries Investor RelationsMalcolm Bell UK +44 (0)20 7002 7166Deward Serfontein SA +27 (0)21 509 8709 MediaJames Crampton UK +44 (0)20 7002 7133Nad Pillay SA + 27 (0)21 504 8026 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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