Final Dividend: Currency Conversions

RNS Number : 2297C

Old Mutual PLC

12 April 2013

 



Old Mutual plc

Ref 41/13

12 April 2013

OLD MUTUAL PLC

Final Dividend for the year ended 31 December 2012 (No. 25): Currency Conversions

In its preliminary results announcement for the year ended 31 December 2012 published on 1 March 2013, Old Mutual plc (the "Company") announced a recommended final dividend of 5.25p per share (the "Final Dividend") or its equivalent in other currencies of payment using exchange rates prevailing on 11 April 2013.  The Company also announced that, subject to approval of the dividend at the Company's Annual General Meeting on 9 May 2013 (the "AGM"), 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 remainder of this announcement assumes that the Final Dividend will be duly approved by shareholders at the AGM.

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

South Africa	71.92500	South African cents per share
Malawi	32.18	Malawi kwacha per share
Namibia	71.92500	Namibian cents per share
Zimbabwe	8.09	US cents per share
Sweden	0.51	Swedish Kronor per share

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

South Africa	13.70	Rand/£
Malawi	612.92	Malawi kwacha/£
Namibia	13.70	Namibian dollars/£
Zimbabwe	1.540	US dollars/£
Sweden	9.765	Swedish Kronor/£

Dividend Tax will be withheld from the amount of the gross dividend of 71.92500 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 61.13625 South African cents per share.  The Company had a total of 4,893,345,814 shares in issue at the date on which the dividend was announced, 1 March 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 26 April 2013 for all the exchanges where the Company's shares are listed.  The last day to trade cum-dividend will be 17 April 2013 on the Malawi Stock Exchange, 19 April 2013 on the JSE and on the Namibian and Zimbabwe Stock Exchanges and 23 April 2013 for the London Stock Exchange.  The shares will trade ex-dividend from the opening of business on 18 April 2013 on the Malawi Stock Exchange, from the opening of business on 22 April 2013 on the JSE and the Namibian and Zimbabwe Stock Exchanges and from the opening of business on 24 April 2013 on the London Stock Exchange.

Share certificates may not be dematerialised or rematerialised on the South African branch register between 22 and 26 April 2013, both dates inclusive, and transfers between the registers may not take place during that period.

Enquiries

External communications

Patrick Bowes                           UK        [phone]

Investor relations

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

 

END

 

 

MSCITMLTMBMBMMJ