SCRIP DIVIDEND ALTERNATIVE

RNS Number : 1241J

Old Mutual PLC

24 March 2010

 



Ref 17/10

24 March 2010

Old Mutual confirms scrip dividend alternative for dividend No. 19

Further to the announcement by Old Mutual plc (the "Company") on 11 March 2010 that its board was recommending a final dividend of 1.5p (or its equivalent in other applicable currencies) for the year ended 31 December 2009, the Company confirms that, subject to approval at its Annual General Meeting on 13 May 2010, a scrip dividend alternative will be available for eligible shareholders who wish to receive additional shares in the Company in lieu of a cash dividend.

The timetable for the final dividend, including the scrip-related elements, is set out below.

Scrip calculation price determined	Last five dealing days on each exchange ending on 5 May 2010
Currency conversion date	5 May 2010
Exchange rates, scrip calculation price and ratio announced	6 May 2010
Last day to trade cum dividend for shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register	7 May 2010
Trading suspended between registers	Start of business on 10 May 2010
Ex-dividend date for shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register	10 May 2010
Last day to trade cum dividend for shareholders on the UK register	11 May 2010
Ex-dividend date for shareholders on the UK register	12 May 2010
Annual General Meeting	11.00 a.m. on 13 May 2010
Results of Annual General Meeting announced	13 May 2010
Record date	14 May 2010
Offer closes for Shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register	12.00 noon (local time) on 14 May 2010
Trading between registers recommences	Start of business on 17 May 2010
Offer closes for shareholders on the UK register	12.00 noon (local time) on 1 June 2010
Final dividend payment date - new ordinary shares issued	25 June 2010
First day of dealings in new ordinary shares issued in respect of the final dividend	25 June 2010

Shareholders who elect to receive the scrip dividend alternative should note that they will not be able to trade their entitlement to new ordinary shares between 10 May and 24 June 2010 inclusive.

Share certificates for shareholders on the South African register may not be dematerialised or rematerialised between 10 May 2010 and 14 May 2010, both days inclusive and transfers between the registers may not take place during that period.

Further details of the proposed scrip dividend alternative will be sent to shareholders along with the Annual Report mailing in early April.

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

Enquiries

Investor Relations
Patrick Bowes	UK	[phone]
Deward Serfontein	SA	[phone]
Media
Matthew Gregorowski	UK / SA	[phone]
		[phone]
Don Hunter (Finsbury)	UK	[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 in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.

In the year ended 31 December 2009, the Group reported adjusted operating profit before tax of £1.2 billion (on an IFRS basis) and had £285 billion of funds under management at the year end.  The Group has approximately 54,000 employees.

 

END

 

 

MSCJIMITMBATBIM