Dividend Declaration

RNS Number : 4615L

Old Mutual PLC

06 May 2010

 



Ref 37/10

6 May 2010

Final Dividend for the year ended 31 December 2009 (No. 19)

Currency Conversions and Scrip Calculation Prices

In the preliminary announcement by Old Mutual plc (the "Company") of its results for the year ended 31 December 2009 published on 11 March 2010, the Company announced a recommended final dividend of 1.5p per share or its equivalent in other currencies of payment using exchange rates prevailing on 5 May 2010. 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 Euroclear (Sweden) AB, the Swedish nominee, would be paid the equivalent of the dividend in Swedish kronor.  In the case of Zimbabwe, the local currency equivalent would be denominated in US dollars as one of the currencies now in use in that country.

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

South Africa	17.32	South African cents per share
Malawi	3.42	Malawi kwachas per share
Namibia	17.32	Namibian cents per share
Zimbabwe	2.27	US cents per share
Sweden	0.17	Swedish kronor per share

Subject to being approved by shareholders at the Annual General Meeting on 13 May 2010, the final dividend will be paid on 25 June 2010 or in the case of Sweden (where 25 June 2010 is a public holiday) on 28 June 2010.

The record date for this dividend payment is the close of business on 14 May 2010 for all the Exchanges where the Company's shares are listed. The last day to trade cum-dividend will be 7 May 2010 on the JSE and on the Malawi, Namibian and Zimbabwe Stock Exchanges and 11 May 2010 for the London Stock Exchange.  The shares will trade ex-dividend from the opening of business on 10 May 2010 on the JSE and on the Malawi, Namibian and Zimbabwe Stock Exchanges and from the opening of business on 12 May 2010 on the London Stock Exchange.

The Scrip Calculation Prices under the scrip dividend alternative for the proposed dividend have also now been calculated for shares on each of the Company's respective share registers and are as follows:

UK (principal register)	113.38	Pence (Sterling)
South Africa	12.9848	South African Rand
Malawi	256.54	Malawi kwachas
Namibia	12.9848	Namibian dollars
Zimbabwe	1.63128	US dollars

Further details of the scrip dividend alternative are contained in the booklet dated 11 March 2010 that was sent to shareholders along with the Company's Annual Report and Accounts or Annual Review and Summary Financial Statements at the beginning of April.  The booklet and a scrip dividend election form are also available on the Company's website at www.oldmutual.com 

Share certificates may not be dematerialised or rematerialised on the South African branch register between 5 and 14 May 2010, both dates inclusive, and transfers between the registers may not take place during that period.

For further information on Old Mutual plc, please visit the Company's website at www.oldmutual.com 

Enquiries

Investor Relations
Patrick Bowes	UK	[phone]
Deward Serfontein	SA	[phone]
Media
Don Hunter (Finsbury)	UK	[phone]

Notes to Editors

Old Mutual

Old Mutual plc is an international long-term savings, protection and investment Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.

In the year ended 31 December 2009, the Group reported adjusted operating profit before tax of £1.2 billion (on an IFRS basis) and had £285 billion of funds under management at the year end.  The Group has approximately 54,000 employees.

 

END

 

 

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