REG - Old Mutual Ltd - Director/PDMR Shareholding

Old MutualAnnouncement

03/04/2020 13:30

RNS Number : 7676I
  
Old Mutual Limited
  
03 April 2020
  
 

Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06 
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or "the Company")
 
 
Ref 13/20
3 April 2020
 
DEALINGS IN SECURITIES BY DIRECTORS, COMPANY SECRETARY AND PRESCRIBED OFFICERS OF OLD MUTUAL
 
In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following directors, company secretary and prescribed officers of Old Mutual 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 G Williamson




Position


Acting Chief Executive Officer




Company


Old Mutual




Nature of transactions


Off-market award of forfeitable shares in respect of the LTIP Award




Class of Securities


Ordinary shares




Date of Award


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.




Number of shares


764,645




Grant Price per share


R11.9500




Value of Transaction


R9,137,507.75




Nature of interest


Direct beneficial




Clearance obtained


Yes




Place of the transaction


XOFF



 



Director


Iain G Williamson




Position


Acting 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


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


26-Mar-23




Number of shares


175,733




Grant Price per share


R11.9500




Value of Transaction


R2,100,009.35




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 Award




Class of Securities


Ordinary shares




Date of Award


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.




Number of shares


313,808




Grant Price per share


R11.9500




Value of Transaction


R3,750,005.60




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


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


26-Mar-23




Number of shares


137,239




Grant Price per share


R11.9500




Value of Transaction


R1,640,006.05




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 Award




Class of Securities


Ordinary shares




Date of Award


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.




Number of shares


50,210




Grant Price per share


R11.9500




Value of Transaction


R600,009.50




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


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


26-Mar-23




Number of shares


30,126




Grant Price per share


R11.9500




Value of Transaction


R360,005.70




Nature of interest


Direct beneficial




Clearance obtained


Yes




Place of the transaction


XOFF



 



Director


Clement Chinaka




Position


Managing Director: Rest of Africa




Company


Old Mutual




Nature of transactions


Off-market award of forfeitable shares in respect of the LTIP Award




Class of Securities


Ordinary shares




Date of Award


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.




Number of shares


282,427




Grant Price per share


R11.9500




Value of Transaction


R3,375,002.65




Nature of interest


Direct beneficial




Clearance obtained


Yes




Place of the transaction


XOFF



 



Director


Clement Chinaka




Position


Managing Director: Rest of Africa




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


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


26-Mar-23




Number of shares


120,503




Grant Price per share


R11.9500




Value of Transaction


R1,440,010.85




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 Award




Class of Securities


Ordinary shares




Date of Award


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.




Number of shares


282,427




Grant Price per share


R11.9500




Value of Transaction


R3,375,002.65




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


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


26-Mar-23




Number of shares


97,072




Grant Price per share


R11.9500




Value of Transaction


R1,160,010.40




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 Award




Class of Securities


Ordinary shares




Date of Award


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.




Number of shares


251,047




Grant Price per share


R11.9500




Value of Transaction


R3,000,011.65




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


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


26-Mar-23




Number of shares


72,804




Grant Price per share


R11.95




Value of Transaction


R870,007.8000




Nature of interest


Direct beneficial




Clearance obtained


Yes




Place of the transaction


XOFF



 



Director


Gcinikhaya L Gobodo




Position


Managing Director: Wealth and Investments




Company


Old Mutual




Nature of transactions


Off-market award of forfeitable shares in respect of the LTIP Award




Class of Securities


Ordinary shares




Date of Award


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.




Number of shares


269,875




Grant Price per share


R11.9500




Value of Transaction


R3,225,006.25




Nature of interest


Direct beneficial




Clearance obtained


Yes




Place of the transaction


XOFF



 



Director


Kerrin Land




Position


Managing Director: Personal Finance




Company


Old Mutual




Nature of transactions


Off-market award of forfeitable shares in respect of the LTIP Award




Class of Securities


Ordinary shares




Date of Award


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.




Number of shares


282,427




Grant Price per share


R11.9500




Value of Transaction


R3,375,002.65




Nature of interest


Direct beneficial




Clearance obtained


Yes




Place of the transaction


XOFF



 



Director


Kerrin 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 Award


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


26-Mar-23




Number of shares


92,262




Grant Price per share


R11.9500




Value of Transaction


R1,102,530.90




Nature of interest


Direct beneficial




Clearance obtained


Yes




Place of the transaction


XOFF



 



Director


Garth Napier




Position


Managing Director: Old Mutual Insure




Company


Old Mutual




Nature of transactions


Off-market award of forfeitable shares in respect of the LTIP Award




Class of Securities


Ordinary shares




Date of Award


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.




Number of shares


283,659




Grant Price per share


R11.9500




Value of Transaction


R3,389,725.05




Nature of interest


Direct beneficial




Clearance obtained


Yes




Place of the transaction


XOFF



 



Director


Garth Napier




Position


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


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


26-Mar-23




Number of shares


88,703




Grant Price per share


R11.9500




Value of Transaction


R1,060,000.85




Nature of interest


Direct beneficial




Clearance obtained


Yes




Place of the transaction


XOFF



 



Director


Heloise Van Der Mescht




Position


Acting Chief Operations Officer




Company


Old Mutual




Nature of transactions


Off-market award of forfeitable shares in respect of the LTIP Award




Class of Securities


Ordinary shares




Date of Award


26-Mar-20




Date of Acceptance


01-Apr-20




Vesting Date


Award vests in equal tranches on 26 March 2023, 26 March 2024 and 26 March 2025 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee.




Number of shares


256,909




Grant Price per share


R11.9500




Value of Transaction


R3,070,062.55




Nature of interest


Direct beneficial




Clearance obtained


Yes




Place of the transaction


XOFF



 
Sandton
 
Sponsors



Johannesburg Stock Exchange


Merrill Lynch South Africa (Pty) Limited




Namibia


PSG Wealth Management (Namibia) (Proprietary) Limited




Zimbabwe 


Imara Capital Zimbabwe plc




Malawi 


Stockbrokers Malawi Limited



 
Enquiries



Investor Relations








Sizwe Ndlovu
Head of Investor Relations


T: +27 (0)11 217 1163 
E: tndlovu6@oldmutual.com 














Tokelo Mulaudzi


T: +27 (0)11 217 1161




Investor Relations Manager


E: tmulaudzi3@oldmutual.com














Communications








Tabby Tsengiwe
Head of Communications


T: +27 (11) 217 1953
M: +27 (0)60 547 4947
E: ttsengiwe@oldmutual.com



 
Notes to Editors
 
Old Mutual is a premium African financial services Group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets segments in 14 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and we have a niche business in China. With 175 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and 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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