Directors' share interests
June 12 2003 - 10:15AM
UK Regulatory
RNS Number:2660M
Old Mutual PLC
12 June 2003
Old Mutual plc
Directors' share interests
The Company has been informed, by a notification received today, that Mr R C M
Laubscher, an executive Director of the Company and Chief Executive Officer of
its 53% owned South African banking subsidiary, Nedcor Limited ("Nedcor"), was
awarded the following options over shares in Nedcor under the Nedcor Group
(1994) Employee Incentive Scheme on 11 June 2003:
No of Nedcor shares in the Option price per share Vesting date Expiry date
grant
11,250 ZAR94.00 11 June 2006 11 June 2009
11,250 ZAR94.00 11 June 2007 11 June 2009
No payment was made by Mr Laubscher for the grant of these options, which were
granted by reference to the price of Nedcor's shares that prevailed on 10 June
2003. Vesting of the options is subject to the fulfilment of performance
conditions laid down by the Remuneration Committee of Nedcor as part of the
grant.
Following the above grant, Mr Laubscher now has options over a total of 475,500
shares in Nedcor under the Nedcor Group (1994) Employee Incentive Scheme.
12 June 2003
ENQUIRIES:
Old Mutual plc Tel: +44 20 7569 0100
Investor Relations Department
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