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Old Mutual Limited's employee incentive schemes, comprising the Broad-Based Black Economic Empowerment Employee Trust, Employee Trust, and Old Mutual Insure Broad-Based Black Economic Empowerment Employee Trust, conducted on-market sales of Old Mutual Limited ordinary shares. These transactions, executed on 12 May 2025, were undertaken to cover employee income tax liabilities arising from the vesting of share grants. A total of 180,090 shares were sold at R11.8600 per share, yielding a combined value of R2,135,867.40.
| Date | 14 May 2025 |
| Time | 14:00:01 |
| Category | Director/PDMR dealings |
| ID | 6865I |
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")
Ref: 18/25
14 May 2025
DEALINGS IN SECURITIES ON BEHALF OF EMPLOYEE SHARE INCENTIVE SCHEMES
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 |
Sale of Old Mutual Limited ordinary shares to cover the employee income tax liability on vesting of share grants in respect of the Employee Share Ownership Plan and Long-Term Incentive Plan. |
|
Nature of interest |
Indirect beneficial |
|
Type of trade |
On-market |
|
Date of transaction |
12 May 2025 |
|
Number of shares |
94,880 |
|
Price per share |
R11.8600 |
|
Value |
R1,125,276.80 |
|
Name of the Trust |
Old Mutual Limited Employee Trust |
|
Class of security |
Old Mutual Limited ordinary shares |
|
Nature of transactions |
Sale of Old Mutual Limited ordinary shares to cover the employee income tax liability on vesting of share grants in respect of the Employee Share Ownership Plan and Long-Term Incentive Plan. |
|
Nature of interest |
Indirect beneficial |
|
Type of trade |
On-market |
|
Date of transaction |
12 May 2025 |
|
Number of shares |
79,500 |
|
Price per share |
R11.8600
|
|
Value |
R942,870.00 |
|
Name of the Trust |
Old Mutual Insure Broad-Based Black Economic Empowerment Employee Trust |
|
Class of security |
Old Mutual Limited ordinary shares |
|
Nature of transactions |
Sale of Old Mutual Limited ordinary shares to cover the employee income tax liability on vesting of share grants in respect of the Employee Share Ownership Plan and Long-Term Incentive Plan. |
|
Nature of interest |
Indirect beneficial |
|
Type of trade |
On-market |
|
Date of transaction |
12 May 2025 |
|
Number of shares |
5,710 |
|
Price per share |
R11.8600 |
|
Value |
R67,720.60
|
Clearance to deal in accordance with paragraph 3.66 of the Listings Requirements was obtained.
Sandton
Sponsors
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JSE |
Equity Sponsor: Tamela Holdings (Proprietary) Limited |
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Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited |
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Namibia |
PSG Wealth Management (Namibia) (Proprietary) Limited |
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Zimbabwe |
Imara Capital Zimbabwe plc |
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Malawi |
Stockbrokers Malawi Limited |
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Enquiries
Investor Relations |
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Langa Manqele Head of Investor Relations
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M: +27 82 295 9840 |
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Communications |
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Wendy Tlou Chief Communications and Reputation Officer |
M: +27 82 906 5008 |
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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