18th Apr 2011 14:30
Ref 49/11
18 April 2011
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
DEALING IN NEDBANK GROUP ORDINARY SHARES BY AKA-NEDBANK EYETHU TRUST
The following information is disclosed in respect of the dealing in Nedbank Group Limited ordinary shares by the Aka-Nedbank Eyethu Trust, of which Aka Capital (Pty) Limited is the sole beneficiary. Dr Khoza, non-executive director of Old Mutual plc and non-executive Chairman of Nedbank Group Limited, has an indirect beneficial interest in the Aka-Nedbank Eyethu Trust as he is a director and 27% shareholder of Aka Capital (Pty) Limited:
Name: Aka-Nedbank Eyethu Trust
Date of transaction: 13 April 2011
Price per share: R143.54
Number of securities: 150 000
Total value: R21,531,555.00
Nature of transaction: Sale
Nature of trade: On market
Name: Aka-Nedbank Eyethu Trust
Date of transaction: 14 April 2011
Price per share: R141.29
Number of securities: 459,562
Total value: R64,931,836.67
Nature of transaction: Sale
Nature of trade: On market
Prior to these transactions, the Aka-Nedbank Eyethu Trust held 0.4% of the issued ordinary shares in Nedbank Group Limited in terms of the Eyethu BEE transaction approved by Nedbank shareholders at the Nedbank general meeting on 22 July 2005.
Enquiries
External Communications | ||
Patrick Bowes | +44 (0)20 7002 7440 | |
Investor Relations | ||
Deward Serfontein | SA | +27 (0)82 810 5672 |
Aleida White | UK | +44 (0)20 7002 7287 |
Media | ||
William Baldwin-Charles | +44 (0)20 7002 7133 |
Notes to Editors
Old Mutual
Old Mutual plc is an international long-term savings, protection and investment Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 15 million customers in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others.
In the year ended 31 December 2010, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £309 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