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Old Mutual Limited Director's Dealing 2021
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 3236V
Old Mutual Limited
10 December 2021
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 32/21
10 December 2021
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 conditional shares in terms of the company's Long-Term Incentive Plan (LTIP) Rules:
| Director | Iain G Williamson |
| Position | Chief Executive Officer |
| Company | Old Mutual |
| Nature of transactions | Off-market acceptance of conditional shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 07-Dec-21 |
| Vesting Date | Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee. |
| Number of shares | 304 864 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R4 295 533.7600 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Iain G Williamson |
| Position | Chief Executive Officer |
| Company | Old Mutual |
| Nature of transactions | Off-market acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 07-Dec-21 |
| 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 | 129 162 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R1 819 892.5800 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Iain G Williamson |
| Position | Chief Executive Officer |
| Company | Old Mutual |
| Nature of transactions | Off-market acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 07-Dec-21 |
| 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 | 36 696 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R517 046.6400 |
| 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 acceptance of conditional shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| Vesting Date | Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee. |
| Number of shares | 102 892 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R1 449 748.2800 |
| 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 acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| 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 | 53 007 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R746 868.6300 |
| 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 acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| 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 | 40 366 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R568 756.9400 |
| 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 acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| Vesting Date | Award vests in equal tranches on 18 September 2022 and 18 September 2023 subject to meeting the required conditions as determined by the OML Remuneration Committee. |
| Number of shares | 15 248 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R214 844.3200 |
| 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 acceptance of conditional shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| Vesting Date | Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee. |
| Number of shares | 12 908 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R181 873.7200 |
| 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 acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| 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 | 8 483 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R119 525.4700 |
| 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 acceptance of conditional shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| Vesting Date | Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee. |
| Number of shares | 92 596 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R1 304 677.6400 |
| 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 acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| 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 | 47 707 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R672 191.6300 |
| 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 acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| 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 | 34 173 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R481 497.5700 |
| 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 acceptance of conditional shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| Vesting Date | Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee. |
| Number of shares | 102 882 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R1 449 607.3800 |
| 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 acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| 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 | 47 707 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R672 191.6300 |
| 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 acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| 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 | 35 880 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R505 549.2000 |
| 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 acceptance of conditional shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 08-Dec-21 |
| Vesting Date | Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee. |
| Number of shares | 67 750 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R954 597.5000 |
| 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 acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 08-Dec-21 |
| 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 | 42 408 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R597 528.7200 |
| 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 acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 08-Dec-21 |
| 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 | 8 157 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R114 932.1300 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Gcinikhaya L Gobodo |
| Position | Managing Director: Old Mutual Investments |
| Company | Old Mutual |
| Nature of transactions | Off-market acceptance of conditional shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| Vesting Date | Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee. |
| Number of shares | 88 500 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R1 246 965.0000 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Gcinikhaya L Gobodo |
| Position | Managing Director: Old Mutual Investments |
| Company | Old Mutual |
| Nature of transactions | Off-market acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| 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 | 45 588 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R642 334.9200 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Gcinikhaya L Gobodo |
| Position | Managing Director: Old Mutual Investments |
| Company | Old Mutual |
| Nature of transactions | Off-market acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| 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 | 31 065 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R437 705.8500 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Kerrin Land |
| Position | Managing Director: Personal Finance and Wealth Management |
| Company | Old Mutual |
| Nature of transactions | Off-market acceptance of conditional shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| Vesting Date | Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee. |
| Number of shares | 61 732 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R869 803.8800 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Kerrin Land |
| Position | Managing Director: Personal Finance and Wealth Management |
| Company | Old Mutual |
| Nature of transactions | Off-market acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| 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 | 47 707 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R672 191.6300 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Kerrin Land |
| Position | Managing Director: Personal Finance and Wealth Management |
| Company | Old Mutual |
| Nature of transactions | Off-market acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 09-Dec-21 |
| 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 | 18 834 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R265 371.0600 |
| 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 acceptance of conditional shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 06-Dec-21 |
| Vesting Date | Award vests in equal tranches on 09 April 2024, 09 April 2025 and 09 April 2026 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee. |
| Number of shares | 98 421 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R1 386 751.8900 |
| 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 acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 06-Dec-21 |
| 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 | 47 916 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R675 136.4400 |
| 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 acceptance of forfeitable shares in respect of the special grant utilising the proceeds from the unbundling announced on 26 October 2021 |
| Class of Securities | Ordinary shares |
| Transaction Date | 06-Dec-21 |
| 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 | 36 950 |
| Grant Price per share | R14.0900 |
| Value of Transaction | R520 625.5000 |
| 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: [email protected] |
| Communications | |
| Tabby Tsengiwe Head of Communications |
T: +27 (11) 217 1953 M: +27 (0)60 547 4947 E: [email protected] |
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 over 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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