Interim dividend: Currency conversions

RNS Number : 9480N

Old Mutual PLC

13 September 2013

 



Old Mutual plc

Ref 72/13

13 September 2013

INTERIM DIVIDEND FOR THE SIX MONTHS ENDED 30 JUNE 2013 (NO. 26): CURRENCY CONVERSIONS

In its interim results announcement for the six months ended 30 June 2013 published on 7 August 2013, Old Mutual plc (the "Company") announced an interim dividend of 2.1p per share or its equivalent in other currencies of payment using exchange rates prevailing on 12 September 2013 (the "Interim Dividend").  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 Interim 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	33.04266	South African cents per share
Malawi	10.83	Malawi kwacha per share
Namibia	33.04266	Namibian cents per share
Zimbabwe	3.32	US cents per share
Sweden	0.22	Swedish Kronor per share

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

South Africa	15.7346	Rand/£
Malawi	515.77	Malawi kwacha/£
Namibia	15.7346	Namibian dollars/£
Zimbabwe	1.581	US dollars/£
Sweden	10.305	Swedish Kronor/£

Dividend Tax will be withheld from the amount of the gross dividend of 33.04266 South African cents per share paid to South African shareholders at the rate of 15% unless a shareholder qualifies for exemption. After the Dividend Tax has been withheld, the net dividend will be 28.08626 South African cents per share.  The Company had a total of 4,896,620,163 ordinary shares in issue at the date on which the dividend was announced, 7 August 2013.  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 27 September 2013 for all the exchanges where the Company's shares are listed.  The last day to trade cum dividend will be 18 September 2013 on the Malawi Stock Exchange, 19 September 2013 on the JSE, 20 September 2013 on the Namibian and Zimbabwe Stock Exchanges and 24 September 2013 on the London Stock Exchange.  The shares will trade ex-dividend from the opening of business on 19 September 2013 on the Malawi Stock Exchange, from the opening of business on 20 September 2013 on the JSE, from the opening of business on 23 September 2013 on the Namibian and Zimbabwe Stock Exchanges and from the opening of business on 25 September 2013 on the London Stock Exchange.

Share certificates may not be dematerialised or rematerialised on the South African branch register between 20 September 2013 and 27 September 2013, both dates inclusive, and transfers between the registers may not take place between 19 September 2013 and 27 September 2013, both dates inclusive.

Enquiries

External communications

Patrick Bowes                           UK        [phone]

Investor relations

Dominic Lagan                           UK        [phone]

Kelly de Kock                            SA        [phone]

Media

William Baldwin-Charles                         [phone]

                                                            [phone]

Notes to Editors

Old Mutual provides life assurance, asset management, banking and general insurance to more than 14 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 2012, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £262 billion of funds under management from core operations.

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

 

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