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26 Mar 2019 14:07
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 05/19
26 March 2019
DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY AND COMPANY SECRETARY OF OLD MUTUAL
In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following directors and company secretary 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 | Mthandazo Peter Moyo |
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 | 20 March 2019 |
Date of Acceptance | 22 March 2019 |
Vesting Date | 20 March 2022 |
Number of shares | 219,027 |
Grant Price per share | R21.75 (being the closing price on 19 March 2019) |
Value of Transaction | R4,763,821 |
Nature of interest | Direct beneficial |
Clearance obtained | Yes |
Place of the transaction | XOFF |
Director | Mthandazo Peter Moyo |
Position | 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 | 20 March 2019 |
Date of Acceptance | 22 March 2019 |
Vesting Date | Award vests in equal tranches on 20 March 2022, 20 March 2023 and 20 March 2024 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee. |
Number of shares | 579,311 |
Grant Price per share | R21.75 (being the closing price on 19 March 2019) |
Value of Transaction | R12,600,000 |
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 | 20 March 2019 |
Date of Acceptance | 22 March 2019 |
Vesting Date | 20 March 2022 |
Number of shares | 119,371 |
Grant Price per share | R21.75 (being the closing price on 19 March 2019) |
Value of Transaction | R2,596,315 |
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 | 20 March 2019 |
Date of Acceptance | 22 March 2019 |
Vesting Date | Award vests in equal tranches on 20 March 2022, 20 March 2023 and 20 March 2024 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee. |
Number of shares | 238,966 |
Grant Price per share | R21.75 (being the closing price on 19 March 2019) |
Value of Transaction | R5,197,500 |
Nature of interest | Direct beneficial |
Clearance obtained | Yes |
Place of the transaction | XOFF |
Group Company Secretary | 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 | 20 March 2019 |
Date of Acceptance | 22 March 2019 |
Vesting Date | 20 March 2022 |
Number of shares | 15,931 |
Grant Price per share | R21.75 (being the closing price on 19 March 2019) |
Value of Transaction | R346,497 |
Nature of interest | Direct beneficial |
Clearance obtained | Yes |
Place of the transaction | XOFF |
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 M: +27 (0)83 500 8019 E: tndlovu6@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
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.
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