11th Sep 2018 10:00
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
JSE Share Code: OMU
NSX Share Code: OMM
("Old Mutual")
Ref 43/18
LEI: 213800MON84ZWWPQCN47
11 September 2018
DIVIDEND CURRENCY EQUIVALENTS AND SARB APPROVAL FOR SPECIAL DIVIDEND
Shareholders are referred to Old Mutual's Interim Results announcement dated 31 August 2018, wherein the company declared an interim dividend of 45 cents per share and a special dividend of 100 cents per share, which will be paid on 16 October 2018.
Shareholders on the London, Malawian, Namibian and Zimbabwean registers will be paid in the local currency equivalents of the interim and special dividends. In Malawi, Namibia and Zimbabwe these payments will be made through dividend access trust or similar arrangements established in each country.
The local currency equivalents of the Interim and Special dividend have now been established as follows:
Malawi | 69.05 | Malawi kwacha per share |
Namibia | 145 | Namibian cents per share |
United Kingdom | 7.27 | GBP pence per share |
Zimbabwe | 9.49 | US cents per share |
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These local currency equivalents have been calculated using the following exchange rates:
Malawi 47.6190 Malawian kwacha per Rand
Namibia 1.0000 Namibian dollars per Rand
United Kingdom 19.9449 Rand per Pound sterling
Zimbabwe 15.2810 Rand per US dollar
The timetable pertaining to the Interim and Special dividend is as follows:
Transfers suspended between registers | Close of business on Monday, 10 September 2018 |
Finalisation announcement and exchange rates announced | Tuesday, 11 September 2018 |
Last day to trade cum dividend for shareholders on the South African Register and Malawi, Namibia and Zimbabwe branch registers | Tuesday, 18 September 2018 |
Ex-dividend date for shareholders on the South African Register and Malawi, Namibia and Zimbabwe branch registers | Wednesday, 19 September 2018 |
Last day to trade cum dividend for shareholders on the UK register | Wednesday, 19 September 2018 |
Ex-dividend date for shareholders on the UK register | Thursday, 20 September 2018
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Record date (all registers) | Close of business on Friday, 21 September 2018 |
Transfers between registers restart | Opening of business on Tuesday, 25 September 2018 |
Interim and Special Dividend payment date | Tuesday, 16 October 2018 |
Furthermore, Old Mutual hereby confirms that the exchange control approval for the payment of a special dividend, has now been obtained from the South African Reserve Bank. The payment of the special dividend is therefore unconditional and will be paid in terms of the timetable set out in the aforementioned SENS announcement.
JSE Sponsor: Merrill Lynch South Africa (Pty) Limited
Namibian Sponsor: PSG Wealth Management (Namibia) (Proprietary) Limited
Enquiries
Investor Relations
Patrick Bowes (Interim Head of Investor Relations) T: +44 (0)20 7002 7440
Communications:
Tabby Tsengiwe T: +27 (11) 217 1953
M: +27 (0)60 547 4947
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 markets segments in 17 countries. Old Mutual's primary operations are in South Africa and the Rest of Africa, and it has niche businesses in Latin America and Asia. With over 170 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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