Currency Conversion

RNS Number : 1531G

Old Mutual PLC

17 October 2008

 



Ref: 149/08 

17 October 2008

Interim Dividend for the six months ended 30 June 2008 (No. 19)

Currency Conversion

In the announcement by Old Mutual plc (the 'Company') of its results for the six months ended 30 June 2008 published on 6 August 2008, the Company declared an interim dividend of 2.45p per share or its equivalent in other currencies of payment using the exchange rates prevailing on Thursday, 16 October 2008 to be paid on Friday, 28 November 2008. The Company also announced that shareholders on the South African, Zimbabwe and Malawi branch registers and the Namibian section of the principal register would be paid the local currency equivalents of the dividend under dividend access trust arrangements established in each country and those shareholders who held their shares through VPC AB, the Swedish nominee, would be paid the equivalent of the dividend in Swedish kronor. 

The local currency equivalents of the proposed dividend have now been established and are as follows:

South Africa	42.80	South African cents per share
Malawi	5.88	Malawi kwachas per share
Namibia	42.80	Namibian cents per share
Sweden	0.31	Swedish kronor per share

Because of the hyperinflationary environment in Zimbabwe, the Zimbabwe local currency equivalent will now be calculated on 29 October 2008 and announced by the Company on 30 October 2008.

The record date for this dividend payment is the close of business on Friday, 7 November 2008 for all the Exchanges where the Company's shares are listed. The last days to trade cum-dividend on the JSE and on the Namibian, Zimbabwe and Malawi Stock Exchanges will be Friday, 31 October 2008 and Tuesday, 4 November 2008 for the London Stock Exchange. The shares will trade ex-dividend from the opening of business on Monday, 3 November 2008 on the JSE and on the Namibian, Zimbabwe and Malawi Stock Exchanges and from the opening of business on Wednesday, 5 November 2008 on the London Stock Exchange. 

Share certificates may not be dematerialised or rematerialised on the South African branch register between Monday, 3 November 2008 and Friday, 7 November 2008, both dates inclusive, and transfers between the registers may not take place during that period. 

Enquiries

Investor Relations
Aleida White	UK	[phone]
Deward Serfontein	SA	[phone]
Media
Matthew Gregorowski	UK / SA	[phone]
Brian Cattell (Finsbury)	UK	[phone]

Notes to Editors

Old Mutual

Old Mutual plc is an international savings and wealth management company based in the UK. Originating in South Africa in 1845, the group has a portfolio of businesses offering asset management, life assurance, banking and general insurance services in over 40 countries in Europe, the Americas, Africa and Asia-Pacific. Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.

In the year ended 31 December 2007, the group reported adjusted operating profit of £1.62 billion (on an IFRS basis) and had £279 billion of funds under management at the year end. The Company has approximately 53,000 employees.

 

END

 

 

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