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OLD MUTUAL LIMITED - Dealings in securities by Directors of the Company and Company Secretary

Release Date: 18/12/2018 14:00
Code(s): OMU     PDF:  
Wrap Text
Dealings in securities by Directors of the Company and Company Secretary

Old Mutual Limited
Incorporated in the Republic of South Africa
(Registration number: 2017/235138/06)
ISIN: ZAE000255360
JSE Share Code: OMU
NSX Share Code: OMM
(“Old Mutual)”


LEI: 213800MON84ZWWPQCN47
Ref 80_18
18 December 2018


DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY AND COMPANY SECRETARY
OF OLD MUTUAL.


Awards

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders
are advised that the following directors and company secretary 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                             Mthandazo Peter Moyo
Company                              Old Mutual
Nature of transactions               Off-market award of forfeitable shares in
                                     respect of the Broad-Based Employee Share
                                     Plan Special Award
Class of Securities                  Forfeitable OML ordinary shares
Date of Award                        14 December 2018
Date of Acceptance                   18 December 2018
Vesting Date                         18 September 2020
Number of awarded                    128
forfeitable shares
Grant Price per share                R22.00 (being the closing price on 13
                                     December 2018)
Valuation of Transaction             R2,816
Nature of interest                   Direct beneficial
Clearance obtained                   Yes




Director                   Mthandazo Peter Moyo
Company                    Old Mutual
Nature of transactions     Off-market award of forfeitable shares in
                           respect of the Old Mutual Emerging
                           Markets Managed Separation Incentive Plan
                           Special Award
Class of Securities        Forfeitable OML ordinary shares
Date of Award              14 December 2018
Date of Acceptance         18 December 2018
Vesting Date               18 September 2019
Number of awarded          86,180
forfeitable shares
Grant Price per share      R22.00 (being the closing price on 13
                           December 2018)
Valuation of Transaction   R1,895,960
Nature of interest         Direct beneficial
Clearance obtained         Yes


Director                   Casparus Gerhardus Troskie
Company                    Old Mutual
Nature of transactions     Off-market award of forfeitable shares in
                           respect of the Broad-Based Employee Share
                           Plan Special Award
Class of Securities        Forfeitable OML ordinary shares
Date of Award              14 December 2018
Date of Acceptance         14 December 2018
Vesting Date               18 September 2020
Number of awarded          128
forfeitable shares
Grant Price per share      R22.00 (being the closing price on 13
                           December 2018)
Valuation of Transaction   R2,816
Nature of interest         Direct beneficial
Clearance obtained         Yes


Director                   Casparus Gerhardus Troskie
Company                    Old Mutual
Nature of transactions     Off-market award of forfeitable shares in
                           respect of the ESOP Appointment Special
                           Award
Class of Securities        Forfeitable OML ordinary shares
Date of Award              14 December 2018
Date of Acceptance         14 December 2018
Vesting Date               18 September 2021
Number of awarded          31,831
forfeitable shares
Grant Price per share      R22.00 (being the closing price on 13
                           December 2018)
Valuation of Transaction   R700,282
Nature of interest         Direct beneficial
Clearance obtained         Yes


Director                   Casparus Gerhardus Troskie
Company                    Old Mutual
Nature of transactions     Off-market award of forfeitable shares in
                           respect of the LTIP Special Award
Class of Securities        Forfeitable OML ordinary shares
Date of Award              14 December 2018
Date of Acceptance         14 December 2018
Vesting Date               Award vests in equal tranches on 18
                           September 2021, 18 September 2022 and 18
                           September 2023 respectively subject to
                           meeting the required conditions as
                           determined by the OML Remuneration
                           Committee
Number of awarded          114,589
forfeitable shares
Grant Price per share      R22.00 (being the closing price on 13
                           December 2018)
Valuation of Transaction   R2,520,958
Nature of interest         Direct beneficial
Clearance obtained         Yes


Group Company Secretary              Elsabé Margaretha Kirsten
Company                              Old Mutual
Nature of transactions               Off-market award of forfeitable shares in
                                     respect of the Broad-Based Employee Share
                                     Plan Special Award
Class of Securities                  Forfeitable OML ordinary shares
Date of Award                        14 December 2018
Date of Acceptance                   18 December 2018
Vesting Date                         18 September 2020
Number of awarded                    128
forfeitable shares
Grant Price per share                R22.00 (being the closing price on 13
                                     December 2018)
Valuation of Transaction             R2,816
Nature of interest                   Direct beneficial
Clearance obtained                   Yes



JSE Sponsor                      Merrill Lynch South Africa (Pty) Limited
Namibian Sponsor                 PSG Wealth Management (Namibia) (Proprietary)
                                 Limited

Enquiries

Investor Relations
                                 T: +44 (0)20 7002 7440
Patrick Bowes
                                 E: Patrick.bowes@omg.co.uk
(Interim Head of Investor
Relations)
Communications:
Tabby Tsengiwe                   T: +27 (11) 217 1953
                                 M: +27 (0)60 547 4947
                                 E: ttsengiwe@oldmutual.com

Notes to Editors


About Old Mutual Limited

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 17 countries. Old Mutual's primary operations are in South
Africa and the rest of Africa, and it has niche businesses in Latin America and
Asia. With over 170 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.

Date: 18/12/2018 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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