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3 Apr 2020 13:30
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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