TIDMOMU

RNS Number : 0636U

Old Mutual Limited

26 March 2019

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                  T: +27 (0)11 217 1163 
  Head of Investor Relations    M: +27 (0)83 500 8019 
                                E: tndlovu6@oldmutual.com 
 
 Communications 
 Tabby Tsengiwe                T: +27 (11) 217 1953 
  Head of Communications        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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 26, 2019 10:07 ET (14:07 GMT)

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