18th Apr 2008 11:00
Old Mutual PLC18 April 2008 Ref 94/08 18 April 2008 Final Dividend for the year ended 31 December 2007 (No. 17) Currency Conversions In the preliminary announcement by Old Mutual plc (the "Company") of its resultsfor the year ended 31 December 2007 published on 27 February 2008, the Companyannounced a recommended final dividend of 4.55p per share or its equivalent inother currencies of payment using the exchange rates prevailing on 17 April2008. The Company also announced that shareholders on the South African,Zimbabwe and Malawi branch registers and the Namibian section of the principalregister would be paid the local currency equivalents of the dividend underdividend access trust arrangements established in each country and thoseshareholders who held their shares through VPC AB, the Swedish nominee, would bepaid the equivalent of the dividend in Swedish kronor. The local currency equivalents of the proposed dividend have now beenestablished and are as follows: South Africa 70.28 South African cents per shareMalawi 12.65 Malawi kwachas per shareNamibia 70.28 Namibian cents per shareZimbabwe 299,142 Zimbabwean dollars per share*Sweden 0.537 Swedish kronor per share Subject to being approved by shareholders at the Annual General Meeting on 8 May2008, the final dividend will be paid on 30 May 2008. The record date for this dividend payment is the close of business on Friday, 9May 2008 for all the Exchanges where the Company's shares are listed. The lastday to trade cum-dividend will be Wednesday 30 April 2008 on the JSE and on theNamibian Stock Exchange; Friday 2 May 2008 for the Malawi and Zimbabwe StockExchanges; and Tuesday, 6 May 2008 for the London Stock Exchange. The shareswill trade ex-dividend from the opening of business on Monday, 5 May 2008 on theJSE and on the Namibian, Zimbabwe and Malawi Stock Exchanges and from theopening of business on Wednesday, 7 May 2008 on the London Stock Exchange. Share certificates may not be dematerialised or rematerialised on the SouthAfrican branch register between 5 and 9 May 2008, both dates inclusive, andtransfers between the registers may not take place during that period. * Note: The Zimbabwe equivalent of the dividend has been converted at the FreeFunds Rate at 18 April 2008, adjusted upwards, owing to the hyperinflationaryenvironment in Zimbabwe, by 139.36% on account of anticipated inflation for theperiod between 18 April and 30 May 2008. Old Mutual Old Mutual plc is an international savings and wealth management company basedin the UK. Originating in South Africa in 1845, the group has a balancedportfolio of businesses offering asset management, life assurance, banking andgeneral insurance services in around 40 countries, primarily South Africa,Europe and the United States. Old Mutual is listed on the London Stock Exchangeand the JSE Limited, among others. In the year ended 31 December 2007, the Group reported adjusted operating profitof £1.6 billion (IFRS basis). Old Mutual had £279 billion of funds undermanagement and 55,000 employees at 31 December 2007. For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Enquiries Investor Relations Aleida White UK +44 (0)20 7002 7287Deward Serfontein SA +27 (0)82 810 5672 Media Matthew Gregorowski UK +44 (0)20 7002 7133Nad Pillay SA +27 (0)21 504 8026 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Old Mutual PLC