Delay in payment of Zimbabwea

RNS Number : 8565I

Old Mutual PLC

25 November 2008

 



Ref: 157/08 

24 November 2008

Interim Dividend for the six months ended 30 June 2008 (No. 18)

Delay in payment of the dividend to shareholders on the Zimbabwean register

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 to be paid on Friday, 28 November 2008. 

The local currency equivalent of the proposed dividend for Zimbabwe was set as 453,000,000,000,000 Zimbabwean dollars per share.

The settlement of dividends to shareholders on the Zimbabwean register has been held up due to difficulties currently being experienced by the Zimbabwean banking system.  Old Mutual will make the dividend payment as soon as these difficulties have been resolved. A further announcement will be made by the Company about the timing of payment as soon as the position has been clarified.

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.

 

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