Directors' share interests
August 21 2003 - 6:30AM
UK Regulatory
RNS Number:9108O
Old Mutual PLC
21 August 2003
Old Mutual plc
Directors' share interests
Mr J V F Roberts, Group Finance Director of Old Mutual plc ("the Company"), has
today had released to him under the terms of the Company's Restricted Share Plan
50,200 shares in the Company. An award of 150,600 restricted shares was made
to Mr Roberts on 8 September 2000 on terms that one third of them would be
released to him on each of the third, fourth and fifth anniversaries of his
appointment to the Board of the Company. The third anniversary of that
appointment fell today.
Mr Roberts has agreed to discharge the tax and employee's national insurance
arising on the release of these shares to him out of his own resources.
Following the above release of restricted shares, Mr Roberts (together with his
connected persons, for the purposes of section 346 of the UK Companies Act 1985)
now owns 179,248 shares in the Company. He also has a contingent interest in a
further 299,596 shares in the Company under the terms of the Company's
Restricted Share Plan: these are, firstly, the balance of 100,400 shares under
the Restricted Share Plan award made on 8 September 2000 mentioned above, and,
secondly a total of 199,196 shares awarded under bonus matching arrangements
applicable to the years ended 31 December 2000, 2001 and 2002, release of which
is subject to the fulfilment of performance conditions.
Enquiries
James Poole ((+44) (0)20 7569 0100)
Director, Investor Relations
Old Mutual plc
21 August 2003
This information is provided by RNS
The company news service from the London Stock Exchange
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