Last checked at 18 Dec 2018 12:00
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 forfeitable shares | 128 |
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 forfeitable shares | 86,180 |
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 forfeitable shares | 128 |
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 forfeitable shares | 31,831 |
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 forfeitable shares | 114,589 |
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 forfeitable shares | 128 |
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 Patrick Bowes (Interim Head of Investor Relations) |
T: +44 (0)20 7002 7440 E: Patrick.bowes@omg.co.uk |
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.