OML Dividend Currency Equivalents

RNS Number : 9581K

Old Mutual Limited

07 September 2021

 

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

LSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "the Company")

Ref 22/21

07 September 2021

FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS

Shareholders are referred to Old Mutual's Results announcement dated 31 August 2021, wherein the company declared an interim dividend of 25 cents per share, which will be paid on Monday, 11 October 2021. The dividend of 25 cents per ordinary share will be subject to a local dividend tax rate of 20% which will result in a net interim dividend, to those shareholders who are not exempt from paying dividend tax, of 20 cents per ordinary share. Shareholders who are not exempt or are not subject to a reduced rate in terms of a double taxation agreement, will be subject to a dividend withholding tax at a rate of 20%.

Shareholders on the London, Zimbabwean, Malawian, and Namibian registers will be paid in the local currency equivalents of the interim dividend.  Distributions made through the dividend access trust or similar arrangements established in a country will not be subject to South African withholding tax but may be subject to withholding tax in the relevant country. We recommend that you consult with your tax advisor regarding the in-country withholding tax consequences.

The local currency equivalents of the interim dividend have been established as follows:

Malawi	13.96	Malawian kwacha per share
Namibia	25.00	Namibian cents per share
United Kingdom	1.25	GBP pence per share
Zimbabwe	146.28	RTGS cents per share

The local currency equivalents have been calculated using the following exchange rates:

Malawi	55.8233	Malawian kwacha per Rand
Namibia	1.0000	Namibian cents per Rand
United Kingdom	20.0018	Rand per Pound sterling
Zimbabwe	0.1709	Rand per RTGS dollar

The timetable released on the Stock Exchange News Service on 31 August 2021 remains unchanged.

Sponsors

JSE	Merrill Lynch South Africa (Pty) Limited ta BofA Securities
Malawi Namibia	Stockbrokers Malawi Limited PSG Wealth Management (Namibia) (Proprietary) Limited
Zimbabwe	Imara Capital Zimbabwe plc

Enquiries

Investor Relations Sizwe Ndlovu Head of Investor Relations	T: [phone] M: [phone] E: [e-mail]
Communications: Vuyo Mtawa Head: Group Communications	M: [phone] E: [e-mail]

Notes to Editors

About Old Mutual Limited

Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and we have a niche business in China. With over 176 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent.

For further information on Old Mutual, and its underlying businesses, please visit the corporate website at www.oldmutual.com .

 

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