Interim dividend for six months ended 30 June 2016

RNS Number : 8697G

Old Mutual PLC

11 August 2016

 

Old Mutual plc                               

Ref 479/16

11 August 2016

INTERIM DIVIDEND FOR THE SIX MONTHS ENDED 30 JUNE 2016 (No. 32)

The Directors of Old Mutual plc (the "Company") have declared an interim dividend for the six months ended 30 June 2016 of 2.67p per share (the "Interim Dividend"), which will be paid on 28 October 2016.  Shareholders on the South African, Zimbabwean and Malawian branch registers and the Namibian section of the principal register will be paid the local currency cash equivalents of the Interim Dividend under dividend access trust or similar 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 Interim Dividend in Swedish kronor. 

As with the Second Interim Dividend for the year ended 31 December 2015, the Company has taken the opportunity to fix the foreign currency equivalents at the time of announcement (based on the applicable closing exchange rates on 9 August 2016).  The local currency cash equivalents of the Interim Dividend are as follows:

South Africa	46.77119	South African cents per share
Malawi	25.00	Malawian kwacha per share
Namibia	46.77119	Namibian cents per share
Zimbabwe	3.47	US cents per share
Sweden	0.30	Swedish kronor per share

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

South Africa	17.5173	Rand/£
Malawi	936.5156	Malawian kwacha/£
Namibia	17.5173	Namibian dollars/£
Zimbabwe	1.3009	US dollars/£
Sweden	11.1092	Swedish kronor/£

Dividend Tax will be withheld at the rate of 15% from the amount of the gross dividend of 46.77119 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 39.75551 South African cents per share.  The Company had a total of 4,929,596,243 shares in issue at today's date.  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 23 September 2016 for all the exchanges where the Company's shares are listed.  The last day to trade cum-dividend will be 16 September 2016 on the Malawian and Zimbabwean Stock Exchanges, 20 September 2016 on the JSE and on the Namibian Stock Exchange and 21 September 2016 on the London Stock Exchange.  The shares will trade ex-dividend from the opening of business on 19 September 2016 on the Malawian and Zimbabwean Stock Exchanges, from the opening of business on 21 September 2016 on the JSE and on the Namibian Stock Exchange and from the opening of business on 22 September 2016 on the London Stock Exchange. 

Share certificates for shareholders on the South African register may not be dematerialised or rematerialised between 21 September and 23 September 2016, both dates inclusive.  Transfers between the registers may not take place between 20 and 23 September 2016, both dates inclusive.  Trading in shares held on the Namibian section of the principal register through Old Mutual (Namibia) Nominees (Pty) Limited will not be permitted between 20 and 22 September 2016, 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 18.9 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.

Old Mutual has announced a strategy of managed separation, which will entail separating its four businesses into standalone entities. The four businesses are:

Old Mutual Emerging Markets: An African financial services leader, providing long-term savings, protection, investment and lending to retail and corporate customers

Nedbank: Old Mutual owns a 54% stake in Nedbank, one of South Africa's top four banks, providing wholesale and retail banking, insurance and asset management for individuals and businesses

Old Mutual Wealth: a leading wealth management business in the UK and international markets

OM Asset Management: Old Mutual owns 65.8% in the New York Stock Exchange listed OM Asset Management which offers a diverse range of investment strategies and products for institutions, delivered worldwide through seven US-based boutiques.

For the year ended 31 December 2015, Old Mutual reported an adjusted operating profit before tax of £1.7 billion and had £304 billion of funds under management. For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at www.oldmutual.com

 

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