Dividend Declaration

RNS Number : 6458Q

Old Mutual PLC

06 August 2010

 



Ref: 129/10

6 August 2010

Interim Dividend for the six months ended 30 June 2010 (No. 20)

The Directors of Old Mutual plc have declared an interim dividend for the six months ended 30 June 2010 of 1.1p per share, which will be paid on 30 November 2010.

Shareholders on the South African, Zimbabwe and Malawi branch registers and the Namibian section of the principal register will be paid the local currency cash equivalents of the dividend under dividend access trust arrangements established in each country. Shareholders who hold their shares through Euroclear Sweden AB, the Swedish nominee, will be paid the cash equivalent of the dividend in Swedish Kronor (SEK). Local currency cash equivalents of the dividend for all five territories will be determined by the Company using exchange rates prevailing at the close of business on 30 September 2010 and will be announced by the Company on 1 October 2010.

A scrip dividend alternative will be available for eligible shareholders who wish to elect to receive new ordinary shares in the Company in lieu of cash in respect of the interim dividend. The entitlement to receive the scrip dividend alternative is personal and non-transferable. The dates by which elections to participate in the scrip dividend alternative for the interim dividend must be received for shares on the respective registers are set out in the table below. Shareholders should note that they will not be able to trade their entitlement to new ordinary shares issued pursuant to elections for the scrip dividend alternative between 11 October 2010 and 29 November 2010, both dates inclusive. The full terms of the scrip dividend alternative will be set out in a booklet that will be sent, along with a mandate form, to eligible shareholders during September.  A copy of that booklet will also be available on the Company's website at www.oldmutual.com.

Share certificates for shareholders on the South African branch register may not be dematerialised or rematerialised between 11 October 2010 and 15 October 2010, both dates inclusive, and transfers between the registers may not take place during that period.

The full timetable for the interim dividend is as follows:

Declaration date	6 August 2010
Scrip calculation price determined	Last five dealing days on each exchange ending on 30 September 2010
Currency conversion date	30 September 2010
Exchange rates, scrip calculation price and ratio announced	1 October 2010
Last day to trade cum dividend for shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register	8 October 2010
Trading suspended between registers	opening of business on 11 October 2010
Ex-dividend date for shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register	11 October 2010
Last day to trade cum-dividend for shareholders on the UK register	12 October 2010
Ex-dividend date for shareholders on the UK register	13 October 2010
Scrip dividend alternative offer closes for shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register	12 noon on 15 October 2010
Record date	close of business on 15 October 2010
Trading between registers recommences	opening of business on 18 October 2010
Scrip dividend alternative offer closes for shareholders on the UK register	12 noon on 2 November 2010
Interim dividend payment date and new ordinary shares issued under the scrip dividend alternative	30 November 2010
First day of dealings in new ordinary shares issued in respect of the scrip dividend alternative	30 November 2010

 

Enquiries

External Communications
Patrick Bowes	UK	[phone]
Investor Relations
Deward Serfontein	SA	[phone]
Aleida White	UK	[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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