Interim Dividend Currency Conversion

RNS Number : 8079Y

Old Mutual PLC

11 September 2015

 



Old Mutual plc

Ref 629/15

11 September 2015

OLD MUTUAL PLC

Interim Dividend for the six months ended 30 June 2015 (No. 30): Currency Conversions

In its interim results announcement for the six months ended 30 June 2015 published on 6 August 2015, Old Mutual plc (the "Company") declared an interim dividend of 2.65p per share (the "Interim Dividend") or its equivalent in other currencies of payment using exchange rates prevailing on 10 September 2015.  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 cash equivalents of the dividend under dividend access trust (or, in South Africa, dividend access company) arrangements established in each country and those shareholders who hold their shares through Euroclear Sweden AB, the Swedish central securities depository, 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.

The currency equivalents of the Interim Dividend have now been established and are as follows:

South Africa	55.76210	South African cents per share
Malawi	23.03	Malawi kwacha per share
Namibia	55.76210	Namibian cents per share
Zimbabwe	4.09	US cents per share
Sweden	0.34	Swedish kronor per share

These currency equivalents have been calculated using the following exchange rates:

South Africa	21.0423	Rand/£
Malawi	869.0743	Malawi kwacha/£
Namibia	21.0423	Namibian dollars/£
Zimbabwe	1.5439	US dollars/£
Sweden	12.9202	Swedish kronor/£

Dividend Tax will be withheld at the rate of 15% from the amount of the gross dividend of 55.76210 South African cents per share paid to South African shareholders unless a shareholder qualifies for exemption. After the Dividend Tax has been withheld, the net dividend will be 47.39779 South African cents per share.  The Company had a total of 4,928,335,723 shares in issue at the date on which the dividend was announced, 6 August 2015.  In South Africa, the dividend will be distributed by Old Mutual Dividend Access Company (Pty) Limited, a South African company with tax registration number 9460/144/14/1, in terms of the Company's dividend access share arrangements. No Secondary Tax on Companies (STC) credits will be used for the payment of the dividend.

The record date for this dividend payment is the close of business on 25 September 2015 for all the exchanges where the Company's shares are listed.  The last day to trade cum-dividend will be 17 September 2015 on the JSE, 18 September 2015 on the Malawi, Namibian and Zimbabwe Stock Exchanges and 23 September 2015 for the London Stock Exchange.  The shares will trade ex-dividend from the opening of business on 18 September 2015 on the JSE, from the opening of business on 21 September 2015 on the Malawi, Namibian and Zimbabwe Stock Exchanges, and from the opening of business on 24 September 2015 on the London Stock Exchange.

Share certificates for shareholders on the South African register may not be dematerialised or rematerialised between 18 September 2015 and 25 September 2015, both dates inclusive. Transfers between the registers may not take place between 17 September 2015 and 25 September 2015, both dates inclusive. Trading in shares held on the Namibian section of the principal register through Old Mutual Namibia Nominees will not be permitted from 17 September 2015 to 23 September 2015, both dates inclusive.

Enquiries

External communications

Patrick Bowes                           UK        [phone]

Investor relations

Dominic Lagan                           UK        [phone]

Sizwe Ndlovu                             SA        [phone]

Media

William Baldwin-Charles                         [phone]

                                                            [phone]

Notes to Editors

Old Mutual provides investment, savings, insurance and banking services to more than 17 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £319 billion of funds under management from core operations.

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

 

END

 

 

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