Old Mutual plc
13 September 2016
Purchase of Nedbank group shares by Old Mutual plc Non-executive director
Nedbank Group Limited ("Nedbank Group"), the majority-owned South African banking subsidiary of Old Mutual plc, has today made the following disclosure in respect of share dealings by an Old Mutual plc non-executive director.
"DEALINGS IN SECURITIES BY A DIRECTOR
In terms of paragraphs 3.63 - 3.65 of the Listings Requirements of the JSE, the following information is disclosed in respect of the dealings in shares by a director of Nedbank Group:
Name: V Naidoo
Designation: Non-executive chairman
Date of transaction: 12 September 2016
Number of shares: 1 080
Average price per share: R210.15
Lowest price per share: R209.75
Highest price per share: R210.51
Total value: R226 962
Nature of transaction: Purchase of ordinary shares
Nature of trade: Open market
Extent of interest: Indirect beneficial (held by a company of which Mr Naidoo is the sole shareholder)
The required written clearance for dealing in these shares has been obtained."
Patrick Bowes UK +44 20 7002 7440
Dominic Lagan UK +44 20 7002 7190
Sizwe Ndlovu SA +27 11 217 1163
William Baldwin-Charles +44 20 7002 7133
+44 7834 524833
Notes to Editors
Old Mutual provides investment, savings, insurance and banking services to 18.9 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.
Old Mutual has announced a strategy of managed separation, which will entail separating its four businesses into standalone entities. The four businesses are:
Old Mutual Emerging Markets: An African financial services leader, providing long-term savings, protection, investment and lending to retail and corporate customers
Nedbank: Old Mutual owns a 54% stake in Nedbank, one of South Africa's top four banks, providing wholesale and retail banking, insurance and asset management for individuals and businesses
Old Mutual Wealth: a leading wealth management business in the UK and international markets
OM Asset Management: Old Mutual owns 65.8% in the New York Stock Exchange listed OM Asset Management which offers a diverse range of investment strategies and products for institutions, delivered worldwide through seven US-based boutiques.
For the year ended 31 December 2015, Old Mutual reported an adjusted operating profit before tax of £1.7 billion and had £304 billion of funds under management. For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at www.oldmutual.com
This information is provided by RNS