Interim Dividend

RNS Number : 8045L

Old Mutual PLC

05 August 2011

 



Ref 76/11

5 August 2011

Interim Dividend for the six months ended 30 June 2011 (No. 22)

and scrip dividend alternative

The Directors of Old Mutual plc have declared an interim dividend for the six months ended 30 June 2011 of 1.5p per share, which will be paid on 30 November 2011.

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. 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 29 September 2011 and will be announced by the Company on 30 September 2011.

A scrip dividend alternative will again be available for eligible shareholders who wish to elect to receive new ordinary shares in the Company ("New Ordinary Shares") in lieu of cash in respect of the interim dividend. The entitlement to receive the scrip dividend alternative is personal and non-transferable.  Shareholders who have previously joined the scrip dividend scheme on an evergreen basis and wish to continue to participate in the scheme need take no action.  The dates by which elections to participate in the scrip dividend alternative for the interim dividend must be received from shareholders who have not already made an evergreen election to participate in the scheme are set out in the table below.

Shareholders on the South African register whose shareholdings have been dematerialised or immobilised in the context of Strate through a CSDP or broker should contact their CSDP or broker to ascertain how they can elect to participate and the time deadline for the CSDP or broker to process their election in order for it to be submitted to the registrar by 12 noon on 14 October 2011.

Shareholders should note that they will not be able to trade their entitlement to New Ordinary Shares between 10 October 2011 and 29 November 2011 inclusive. 

The full terms of the scrip dividend scheme are contained in a booklet which is available (along with related mandate forms) on the Company's website at www.oldmutual.com or from the Company's registrars.

Share certificates for shareholders on the South African register may not be dematerialised or rematerialised between 10 October 2011 and 14 October 2011, 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                                                                                        5 August 2011

Scrip calculation price determined                                  Last five dealing days on each exchange ending on 29                                                                                                                                September 2011

Currency conversion date                                                                         29 September 2011

Exchange rates, scrip calculation price and scrip ratio announced               30 September 2011

Last day to trade cum dividend for shareholders on the branch                          5 October 2011

register in Malawi

Ex-dividend date for shareholders on the branch register in Malawi                     6 October 2011                               

Last day to trade cum dividend for shareholders on the branch registers in

South Africa and Zimbabwe and on the Namibian section of

the principal register                                                                                       7 October 2011

Trading suspended between registers                                                opening of business on 10 October 2011

Ex-dividend date for shareholders on the branch registers in South Africa

and Zimbabwe and on the Namibian section of the principal register                  10 October 2011

Last day to trade cum dividend for shareholders on the UK register                   11 October 2011

Ex-dividend date for shareholders on the UK register                                        12 October 2011

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 14 October 2011

Record date                                                                                         close of business on 14 October 2011

Trading between registers recommences                                             opening of business on 17 October 2011

Scrip dividend alternative offer closes for shareholders on the UK register      12 noon on 1 November 2011

Interim dividend payment date - New Ordinary Shares issued                           30 November 2011

First day of dealings in New Ordinary Shares issued in

respect of the interim dividend                                                                        30 November 2011

Enquiries

External Communications
Patrick Bowes		[phone]
Investor Relations
Aleida White		[phone]
Media
William Baldwin-Charles		[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 to more than 15 million customers in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others.

In the year ended 31 December 2010, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £309 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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