OMU — Old Mutual News Story

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Enterprise Value
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Revenue
ZAR182.70bn

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Director/PDMR Shareholding

Old Mutual

04/04/2025 16:00

RNS Number : 7768D

Old Mutual Limited

04 April 2025

 

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

JSE Alpha Code: OMLI

LSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "Company")

 

 

Ref: 10/25

4 April 2025

 

DEALINGS IN SECURITIES BY DIRECTORS, COMPANY SECRETARY AND PRESCRIBED OFFICERS OF OLD MUTUAL

 

In accordance with paragraph 3.63 to 3.66 of the JSE Listings Requirements, shareholders are advised that the following directors, company secretary and prescribed officers of the Company have been awarded and accepted forfeitable shares in terms of the Company's Employee Share Ownership Plan ("ESOP") and Long-Term Incentive Plan ("LTIP") Rules:

Director Iain George Williamson
Position Chief Executive Officer
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares 1 230 794
Grant Price per share R12.11000
Value of Transaction R14,904,915.34
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Iain George Williamson
Position Chief Executive Officer
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2026, 31 March 2027 and 31 March 2028
Number of shares 397 504
Grant Price per share R12.11000
Value of Transaction R4,813,773.44
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Casparus Gerhardus Troskie
Position Chief Financial Officer
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares 603 272
Grant Price per share R12.11000
Value of Transaction R7,305,623.92
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Casparus Gerhardus Troskie
Position Chief Financial Officer
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2026, 31 March 2027 and 31 March 2028
Number of shares 254 076
Grant Price per share R12.11000
Value of Transaction R3,076,860.36
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Zureida Ebrahim
Position Chief Operating Officer
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Vesting Date Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Date of Acceptance 02 April 2025
Number of shares 546 622
Grant Price per share R12.11000
Value of Transaction R6,619,592.42
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Zureida Ebrahim
Position Chief Operating Officer
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Vesting Date Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Date of Acceptance 02 April 2025
Number of shares 374 397
Grant Price per share R12.11000
Value of Transaction R4,533,947.67
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Tsakani Clarence Nethengwe
Position Managing Director: Mass Foundation Cluster
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares 584 388
Grant Price per share R12.11000
Value of Transaction R7,076,938.68
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Tsakani Clarence Nethengwe
Position Managing Director: Mass Foundation Cluster
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2026, 31 March 2027 and 31 March 2028
Number of shares 469 305
Grant Price per share R12.11000
Value of Transaction R5,683,283.55
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Kerrin Dale Land
Position Managing Director: Personal Finance
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares 536 683
Grant Price per share R12.11000
Value of Transaction R6,499,231.13
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Kerrin Dale Land
Position Managing Director: Personal Finance
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award
Class of Securities Ordinary shares
Date of Acceptance 31 March 2025
Date of Award 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2026, 31 March 2027 and 31 March 2028
Number of shares 218 025
Grant Price per share R12.11000
Value of Transaction R2,640,282.75
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Prabashini Moodley
Position Managing Director: Corporate
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares 499 768
Grant Price per share R12.11000
Value of Transaction R6,052,190.48
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Prabashini Moodley
Position Managing Director: Corporate
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2026, 31 March 2027 and 31 March 2028
Number of shares 193 768
Grant Price per share R12.11000
Value of Transaction R2,346,530.48
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Zulfa Abdurahman
Position Acting Managing Director: Wealth and Investments
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares 153 021
Grant Price per share R12.11000
Value of Transaction R1,853,084.31
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Clement Chinaka
Position Managing Director: Old Mutual Africa Regions
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares 536 683
Grant Price per share R12.11000
Value of Transaction R6,499,231.13
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Clement Chinaka
Position Managing Director: Old Mutual Africa Regions
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2026, 31 March 2027 and 31 March 2028
Number of shares 299 606
Grant Price per share R12.11000
Value of Transaction R3,628,228.66
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

 

Director Charles Nortje
Position Acting Managing Director: OM Insure
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares 238 810
Grant Price per share R12.11000
Value of Transaction R2,891,989.10
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Charles Nortje
Position Acting Managing Director: Old Mutual Insure
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2026, 31 March 2027 and 31 March 2028
Number of shares 249 925
Grant Price per share R12.11000
Value of Transaction R3,026,591.75
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Elsabé Margaretha Kirsten
Position Company Secretary
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares 41 229
Grant Price per share R12.11000
Value of Transaction R499,283.19
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

Director Elsabé Margaretha Kirsten
Position Company Secretary
Company Old Mutual
Nature of transactions Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award
Class of Securities Ordinary shares
Date of Award 31 March 2025
Date of Acceptance 02 April 2025
Vesting Date Award vests in equal tranches on 31 March 2026, 31 March 2027 and 31 March 2028
Number of shares 72 211
Grant Price per share R12.11000
Value of Transaction R874,475.21
Nature of interest Direct beneficial
Clearance obtained Yes
Place of the transaction XOFF

 

 

Sandton

 

Sponsors

JSE Equity Sponsor: Tamela Holdings (Proprietary) Limited
Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Namibia PSG Wealth Management (Namibia) (Proprietary) Limited
Zimbabwe Imara Capital Zimbabwe plc
Malawi Stockbrokers Malawi Limited
Enquiries 
Investor Relations 
Langa Manqele
Head of Investor Relations M: +27 82 295 9840
E:investorrelations@oldmutual.com
Communications 
Wendy Tlou
Chief Communications and Reputation Officer M: +27 82 906 5008
E: oldmutualnews@oldmutual.com

 

Notes to Editors

About Old Mutual

Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 12 countries. Old Mutual's primary operations are in Africa and it has a niche business in China. With over 179 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities it serves as well as broader society on the continent.

 

For further information on Old Mutual and its underlying businesses, please visit the Corporate website at www.oldmutual.com                                     

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  END

 

 
DSHIIMITMTBMBRA

OMU — Old Mutual News Story

Director/PDMR Shareholding

Recent news on Old Mutual

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Q1 2026 Voluntary Operating update

Appointment of Independent Non-Executive Directors

OML Changes to Board committees

Director	Iain George Williamson
Position	Chief Executive Officer
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities	Ordinary shares
Date of Award	31 March 2025
Date of Acceptance	02 April 2025
Vesting Date	Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares	1 230 794
Grant Price per share	R12.11000
Value of Transaction	R14,904,915.34
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Director	Casparus Gerhardus Troskie
Position	Chief Financial Officer
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities	Ordinary shares
Date of Award	31 March 2025
Date of Acceptance	02 April 2025
Vesting Date	Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares	603 272
Grant Price per share	R12.11000
Value of Transaction	R7,305,623.92
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Director	Zureida Ebrahim
Position	Chief Operating Officer
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities	Ordinary shares
Date of Award	31 March 2025
Vesting Date	Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Date of Acceptance	02 April 2025
Number of shares	546 622
Grant Price per share	R12.11000
Value of Transaction	R6,619,592.42
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Director	Tsakani Clarence Nethengwe
Position	Managing Director: Mass Foundation Cluster
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities	Ordinary shares
Date of Award	31 March 2025
Date of Acceptance	02 April 2025
Vesting Date	Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares	584 388
Grant Price per share	R12.11000
Value of Transaction	R7,076,938.68
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Director	Kerrin Dale Land
Position	Managing Director: Personal Finance
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities	Ordinary shares
Date of Award	31 March 2025
Date of Acceptance	02 April 2025
Vesting Date	Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares	536 683
Grant Price per share	R12.11000
Value of Transaction	R6,499,231.13
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Director	Prabashini Moodley
Position	Managing Director: Corporate
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities	Ordinary shares
Date of Award	31 March 2025
Date of Acceptance	02 April 2025
Vesting Date	Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares	499 768
Grant Price per share	R12.11000
Value of Transaction	R6,052,190.48
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Director	Zulfa Abdurahman
Position	Acting Managing Director: Wealth and Investments
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities	Ordinary shares
Date of Award	31 March 2025
Date of Acceptance	02 April 2025
Vesting Date	Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares	153 021
Grant Price per share	R12.11000
Value of Transaction	R1,853,084.31
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Director	Clement Chinaka
Position	Managing Director: Old Mutual Africa Regions
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities	Ordinary shares
Date of Award	31 March 2025
Date of Acceptance	02 April 2025
Vesting Date	Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares	536 683
Grant Price per share	R12.11000
Value of Transaction	R6,499,231.13
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Director	Charles Nortje
Position	Acting Managing Director: OM Insure
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities	Ordinary shares
Date of Award	31 March 2025
Date of Acceptance	02 April 2025
Vesting Date	Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares	238 810
Grant Price per share	R12.11000
Value of Transaction	R2,891,989.10
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

Director	Elsabé Margaretha Kirsten
Position	Company Secretary
Company	Old Mutual
Nature of transactions	Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award
Class of Securities	Ordinary shares
Date of Award	31 March 2025
Date of Acceptance	02 April 2025
Vesting Date	Award vests in equal tranches on 31 March 2027, 31 March 2028 and 31 March 2029
Number of shares	41 229
Grant Price per share	R12.11000
Value of Transaction	R499,283.19
Nature of interest	Direct beneficial
Clearance obtained	Yes
Place of the transaction	XOFF

JSE	Equity Sponsor: Tamela Holdings (Proprietary) Limited
	Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Namibia	PSG Wealth Management (Namibia) (Proprietary) Limited
Zimbabwe	Imara Capital Zimbabwe plc
Malawi	Stockbrokers Malawi Limited

Enquiries
Investor Relations
Langa Manqele Head of Investor Relations	M: +27 82 295 9840 E:investorrelations@oldmutual.com
Communications
Wendy Tlou Chief Communications and Reputation Officer	M: +27 82 906 5008 E: oldmutualnews@oldmutual.com