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Old Mutual Limited announced on 18 November 2024 that two employee trusts conducted on-market share purchases on 14 November 2024 for hedging employee incentive awards. The Old Mutual Limited Broad-Based Black Economic Empowerment Employee Trust acquired 1,563,255 ordinary shares for R19,901,174.10 at R12.7306 per share. Additionally, the Old Mutual Limited Employee Trust purchased 553,926 ordinary shares for R7,051,810.34 at the same R12.7306 price.
| Date | 18 Nov 2024 |
| Time | 12:30:00 |
| Category | Director/PDMR dealings |
| ID | 6449M |
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
JSE Alpha Code: OMLI
LSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or "Group")
Ref: 103/24
18 November 2024
DEALINGS IN SECURITIES ON BEHALF OF EMPLOYEE SHARE INCENTIVE SCHEME
In compliance with the Listings Requirements of JSE Limited the following information is provided in respect of trading by various employee incentive schemes:
|
Name of the Trust |
Old Mutual Limited Broad-Based Black Economic Empowerment Employee Trust |
|
Class of security |
Old Mutual Limited ordinary shares |
|
Nature of transactions |
Purchase of Old Mutual Limited ordinary shares in a hedging transaction in respect of the Employee Share Ownership Plan and Long-term Incentive Plan awards. |
|
Nature of interest |
Indirect |
|
Type of trade |
On-market |
|
Date of transaction |
14 November 2024 |
|
Number of shares |
1,563,255 |
|
Price per share |
R12.7306 |
|
Value |
R19,901,174.10 |
|
Name of the Trust |
Old Mutual Limited Employee Trust |
|
Class of security |
Old Mutual Limited ordinary shares |
|
Nature of transactions |
Purchase of Old Mutual Limited ordinary shares in a hedging transaction in respect of the Employee Share Ownership Plan and Long-term Incentive Plan awards. |
|
Nature of interest |
Indirect |
|
Type of trade |
On-market |
|
Date of transaction |
14 November 2024 |
|
Number of shares |
553,926 |
|
Price per share |
R12.7306 |
|
Value |
R7,051,810.34 |
Clearance to deal in accordance with paragraph 3.66 of the Listings Requirements was obtained.
Sandton
Sponsors
|
JSE |
Equity Sponsor: Tamela Holdings (Proprietary) Limited Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited |
|
Namibia |
PSG Wealth Management (Namibia) (Proprietary) Limited |
|
Zimbabwe |
Imara Capital Zimbabwe plc |
|
Malawi |
Stockbrokers Malawi Limited |
Enquiries
|
Investor Relations |
|
|
Langa Manqele Head of Investor Relations
|
M: +27 82 295 9840 E: investorrelations@oldmutual.com |
|
Communications |
|
|
Wendy Tlou Chief Communications and Reputation Officer |
M: +27 82 906 5008 E: oldmutualnews@oldmutual.com |
Notes to Editors
About Old Mutual
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 12 countries. Old Mutual's primary operations are in Africa and it has a niche business in China. With over 179 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