Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
LSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or "Company")
Ref: 44/24
12 April 2024
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 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 | Iain George Williamson |
| Position | Chief Executive Officer |
| Company | Old Mutual |
| Nature of transactions | Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award |
| Class of Securities | Ordinary shares |
| Date of Award | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2026, 08 April 2027 and 08 April 2028. |
| Number of shares | 1 207 825 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R13,575,953.00 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Iain George Williamson |
| 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 | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2025, 08 April 2026 and 08 April 2027. |
| Number of shares | 469 983 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R5,282,608.92 |
| 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 Deferred Performance Award |
| Class of Securities | Ordinary shares |
| Date of Award | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2026, 08 April 2027 and 08 April 2028. |
| Number of shares | 592 014 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R6,654,237.36 |
| 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 | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2025, 08 April 2026 and 08 April 2027. |
| Number of shares | 276 193 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R3,104,409.32 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Zureida Ebrahim |
| Position | Chief Operating Officer |
| Company | Old Mutual |
| Nature of transactions | Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award |
| Class of Securities | Ordinary shares |
| Date of Award | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2026, 08 April 2027 and 08 April 2028. |
| Number of shares | 536 421 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R6,029,372.04 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Zureida Ebrahim |
| Position | Chief Operating 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 | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2025, 08 April 2026 and 08 April 2027. |
| Number of shares | 235 478 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R2,646,772.72 |
| 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 Deferred Performance Award |
| Class of Securities | Ordinary shares |
| Date of Award | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2026, 08 April 2027 and 08 April 2028. |
| Number of shares | 546 174 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R6,138,995.76 |
| 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 | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2025, 08 April 2026 and 08 April 2027. |
| Number of shares | 270 703 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R3,042,701.72 |
| 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 Deferred Performance Award |
| Class of Securities | Ordinary shares |
| Date of Award | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2026, 08 April 2027 and 08 April 2028. |
| Number of shares | 526 668 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R5,919,748.32 |
| 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 | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2025, 08 April 2026 and 08 April 2027. |
| Number of shares | 235 504 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R2,647,064.96 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Gcinikhaya Loyiso Gobodo |
| Position | Managing Director: Wealth and Investments |
| Company | Old Mutual |
| Nature of transactions | Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award |
| Class of Securities | Ordinary shares |
| Date of Award | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2026, 08 April 2027 and 08 April 2028. |
| Number of shares | 309 563 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R3,479,488.12 |
| 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 Deferred Performance Award |
| Class of Securities | Ordinary shares |
| Date of Award | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2026, 08 April 2027 and 08 April 2028. |
| Number of shares | 468 149 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R5,261,994.76 |
| 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 | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2025, 08 April 2026 and 08 April 2027. |
| Number of shares | 260 677 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R2,930,009.48 |
| 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 Deferred Performance Award |
| Class of Securities | Ordinary shares |
| Date of Award | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2026, 08 April 2027 and 08 April 2028. |
| Number of shares | 309 563 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R3,479,488.12 |
| 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 | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2025, 08 April 2026 and 08 April 2027. |
| Number of shares | 221 245 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R2,486,793.80 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Clement Chinaka |
| Position | Managing Director: Old Mutual Africa Regions |
| Company | Old Mutual |
| Nature of transactions | Off-market award of forfeitable shares in respect of the LTIP Deferred Performance Award |
| Class of Securities | Ordinary shares |
| Date of Award | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2026, 08 April 2027 and 08 April 2028. |
| Number of shares | 526 668 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R5,919,748.32 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
| Director | Clement Chinaka |
| Position | Managing Director: Old Mutual Africa Regions |
| 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 | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2025, 08 April 2026 and 08 April 2027. |
| Number of shares | 270 347 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R3,038,700.28 |
| 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 Deferred Performance Award |
| Class of Securities | Ordinary shares |
| Date of Award | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2026, 08 April 2027 and 08 April 2028. |
| Number of shares | 40 078 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R450,476.72 |
| 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 | 08 April 2024 |
| Vesting Date | Award vests in equal tranches on 08 April 2025, 08 April 2026 and 08 April 2027. |
| Number of shares | 68 182 |
| Grant Price per share | R11.24000 |
| Value of Transaction | R766,365.68 |
| Nature of interest | Direct beneficial |
| Clearance obtained | Yes |
| Place of the transaction | XOFF |
Sandton
| Johannesburg Stock Exchange | Tamela Holding (Pty) Ltd |
| Malawi Stock Exchange | Stockbrokers Malawi Limited |
| Namibia Stock Exchange | PSG Wealth Management (Namibia) Proprietary Limited |
| Zimbabwe Stock Exchange | Imara Capital Zimbabwe plc |
Enquiries
| Investor Relations | |
| |
| Langa Manqele Head of Investor Relations
| M: +27 82 295 9840 E: investorrelations@oldmutual.com | ||
| | |
| |
| Communications | |
| |
| Wendy Tlou Interim Chief Communication Officer | M: +27 83 301 9663 E: oldmutualnews@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 market segments in 14 countries. Old Mutual's primary operations are in Africa, and it has a niche business in Asia. With over 178 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities it serves as well as 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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