3rd Mar 2006 09:00
Old Mutual PLC03 March 2006 Share interests of persons discharging managerial responsibilities 1. Release of shares to Executive Directors under the Old Mutual RestrictedShare Plan The following matching awards made on 26 February 2003 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 2002 in shares in the Company, were released on 27 February 2006: Executive No. of shares No. of shares sold to cover Sale No. ofDirector released under income tax, employee National shares the matching Insurance contribution retained award liabilities and share dealing costs priceJ V F 69,151 28,551 £1.9375 40,600RobertsJ H 155,853 64,360 £1.9375 91,493Sutcliffe 2. Option vesting to Executive Directors under the Old Mutual Share Option andDeferred Delivery Plan The following options vested to Mr Roberts and Mr Sutcliffe on 27 February 2006as a result of the succesful achievement of EPS-based performance targets: Executive Approved option Unapproved option Exercise ExpiryDirector shares vested shares vested price DateJ V F 34,650 753,756 £0.8625 25 Feb 2009Roberts J H 34,782 1,124,639 £0.8625 25 Feb 2009Sutcliffe 3. Exercise of option by Executive Director Mr Sutcliffe exercised the following option under the Old Mutual Share Optionand Deferred Delivery Plan on 28 February 2006: Executive Director Approved option shares exercised Exercise priceJ H Sutcliffe 34,782 £0.8625 Mr Sutcliffe funded the cost of exercise personally and transferred these sharesto his wife. 4. Executive Directors interests in Old Mutual plc ordinary shares and employeeshare plansThe total numbers of shares in the Company held under option under the OldMutual Share Option and Deferred Delivery Plan and the Old Mutual UK SharesavePlan by Mr Roberts and Mr Sutcliffe are now as follows: Executive Total no. of shares No. of unvested No. of vested optionDirector under option option shares sharesJ V F 2,120,371 974,965 1,145,406RobertsJ H 3,049,193 1,399,604 1,649,589Sutcliffe 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 incentivesJ V F 209,233 109,520RobertsJ H 399,922 159,508Sutcliffe 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 492,975J H Sutcliffe 1,195,592 5. Option vesting and lapse under the Old Mutual Share Option and DeferredDelivery Plan to persons discharging managerial responsibilities ("PDMRs") The following options vested (all with an exercise price of £0.8625 per share)to PDMRs on 27 February 2006 as a result of the succesful achievement ofEPS-based performance targets. Certain option shares granted to Mr Powers lapsedon 27 February 2006, as a result of the third tier of the ZAR-based EPSperformance target not being fully met. All of these options expire if notexercised before 25 Febuary 2009. PDMR Role of PDMR Approved Unapproved Unapproved option option option shares shares shares vested vested lapsedH CEO, Old Mutual Financial 34,782 486,958 0Askari ServicesG Chief Executive, Old Mutual 0 552,105 0Barker Financial Network (US)R M Group Director, Southern Africa 34,782 921,740 0HeadM C Company Secretary 34,782 188,407 0MurrayM H Director, Group Corporate 34,650 226,220 0Newman AffairsS F Chief Executive, Old Mutual Asset 0 2,059,002 149,418Powers Managers (US) 6. Exercise of option by PDMRs Mr Head and Mr Murray exercised the following options under the Old Mutual ShareOption and Deferred Delivery Plan on 28 February 2006: PDMR Approved Unapproved Exercise No. of Sale No. of option shares option shares price shares price shares exercised exercised sold retainedR M 34,782 921,740 £0.8625 645,215 £1.8875 276,525HeadM C 0 151,600 £0.9525 121,600 £1.8875 30,000Murray 7. Vesting of Deferred Delivery Shares under the Old Mutual Share Option andDeferred Delivery Plan The following deferred delivery awards vested to Mr Bicket and Mr Sparks on 27February 2006 as a result of the succesful achievement of EPS-based performancetargets. Certain deferred delivery shares granted to Mr Sparks lapsed on 27February 2006, as a result of the third tier of the ZAR-based EPS performancetarget not being fully met:PDMR Role of PDMR Deferred Deferred Award Expiry Delivery Delivery price Date Shares vested Shares LapsedN Director of the CEO's 142,507 0 R11.15 25 FebBicket office 2009RJA Managing Director, Old 680,106 41,869 R11.15 25 FebSparks Mutual South Africa 2009 8. Net settlement of Deferred Delivery Awards by PDMRs Mr Bicket and Mr Sparks net settled the following deferred delivery awards underthe Old Mutual Share Option and Deferred Delivery Plan on 27 February 2006: PDMR No. of shares Original Award price (Escalated Net net settled grant date where applicable) settlement priceN 111,800 14 March R19.16 R20.95Bicket 2000RJA 188,600 14 March R19.16 R20.95Sparks 2000RJA 268,350 4 March R15.15 R20.95Sparks 2002 9. Vesting of Restricted Share Awards to PDMRs An award over 28,502 shares under the Old Mutual Restricted Share Plan vested toMr Bicket on 27 February 2006. Mr Bicket has not yet taken delivery of theseshares 10. Release of Restricted Share Awards to PDMRs Mr Powers received a release of shares on 27 February 2006 under the RSP,originally awarded on 26 February 2003. PDMR No. of shares No. of shares sold to cover US Sale No. of shares released withholding obligations price retainedS F 122,690 39,237 2009£1.9375 83,453Powers 11. 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 OldMutual Share Option and Deferred Delivery Plan and the Old Mutual UK SharesavePlan by the PDMRs detailed below are now as follows: PDMR Total no. of shares under No. of unvested option No. of vested option option shares sharesH 1,009,931 488,191 521,740AskariG 1,400,346 610,591 789,755BarkerN 51,725 51,725 0BicketR M 856,802 856,802 0HeadM C 320,054 96,865 223,189MurrayM H 506,970 68,900 438,070NewmanRJA 168,139 168,139 0SparksS F 3,424,320 532,518 2,891,802Powers The total numbers of shares in the Company held as deferred delivery awardsunder the Old Mutual Share Option and Deferred Delivery Plan by the PDMRsdetailed below are now as follows: PDMR Total no. of deferred No. of unvested deferred No. of vested deferred delivery shares delivery shares delivery sharesN 262,807 47,700 215,107BicketRJA 1,363,233 569,627 793,606Sparks 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 restricted shares shares sharesH 81,585 0 81,585AskariG 122,528 0 122,528BarkerN 93,920 28,502 65,418BicketR M 83,448 0 83,448HeadM C 62,077 0 62,077MurrayM H 77,686 0 77,686NewmanRJA 142,024 0 142,024SparksS F 834,922 0 834,922Powers 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 3,458N Bicket 800R M Head 276,525M C Murray 62,500M H Newman 1,900S F Powers 206,686 12. Option grant to a PDMR under the Nedbank Group (2005) Share Option, MatchedShare and Restricted Share Scheme The following option was granted by Nedbank Group Limited to Mr Boardman, ChiefExecutive of Nedbank Group Limited, on 28 February 2006: PDMR Option shares Exercise Vesting Expiry Date granted price dateT A 120,000 R110.98 01 Mar 2009 01 Mar 2011Boardman 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 677,118of which 89,392 have vested. 13. Purchase of Old Mutual plc shares by a PDMR Mr Michael Wolf, Head of Europe and Asia Pacific, Skandia, purchased 10,000 OldMutual plc shares at a price of SEK 27.50 each on 27 February 2006. Mr Wolf (andhis connected persons, for the purposes of section 346 of the UK Companies Act1985) has no other beneficial interest in Old Mutual plc shares. 3 March 2006 ENQUIRIES: Old Mutual plcMalcolm Bell - Investor Relations (UK) + 44 (0) 20 7002 7166Miranda Bellord - Media Relations (UK) + 44 (0) 20 7002 7133Deward Serfontein - Investor Relations (SA) + 27 21 509 8709Nad Pillay - Media Relations (SA) + 27 11 523 9612 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Old Mutual PLC