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OML - Old Mutual PLC - Final Dividend for the year ended 31 December 2010

Release Date: 08/03/2011 09:11
Code(s): OML
Wrap Text

OML - Old Mutual PLC - Final Dividend for the year ended 31 December 2010 (No. 21) OLD MUTUAL PLC ISIN: GB0007389926 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSUER CODE: OLOML Final Dividend for the year ended 31 December 2010 (No. 21) The Directors of Old Mutual plc are recommending a final dividend for the year ended 31 December 2010 of 2.9p per share, which will be paid, subject to being approved by shareholders at the Company`s 2011 Annual General Meeting, on 31 May 2011. Shareholders on the South African, Zimbabwe and Malawi branch registers and the Namibian section of the principal register will be paid the local currency cash equivalents of the dividend under dividend access trust arrangements established in each country. Shareholders who hold their shares through Euroclear Sweden AB, the Swedish nominee, will be paid the cash equivalent of the dividend in Swedish Kronor (SEK). Local currency cash equivalents of the dividend for all five territories will be determined by the Company using exchange rates prevailing at the close of business on 31 March 2011 and will be announced by the Company on 1 April 2011. A scrip dividend alternative will again be available for eligible shareholders who wish to receive new ordinary shares in the Company in lieu of cash in respect of the final dividend. The dates by which elections to join the scrip dividend scheme for the final dividend must be received from shareholders who have not already made an evergreen election to participate in the scheme are set out in the table below. Shareholders should note that they will not be able to trade their entitlement to new ordinary shares issued pursuant to the scrip dividend scheme until 31 May 2011. The full terms of the scrip dividend scheme are contained in a booklet which is available (along with related mandate forms) on the Company`s website at www.oldmutual.com or from the Company`s registrars. Share certificates for shareholders on the South African branch register may not be dematerialised or rematerialised between 11 and 15 April 2011, both dates inclusive, and transfers between the registers may not take place during that period. The full timetable for the final dividend is as follows: Declaration date 8 March 2011 Scrip calculation price determined Last five dealing days on each exchange ending on 31 March 2011 Currency conversion date 31 March 2011 Exchange rates, scrip calculation price and 1 April 2011 ratio announced Last day to trade cum dividend for 8 April 2011 shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register Trading suspended between registers opening of business on 11 April 2011
Ex-dividend date for shareholders on the 11 April 2011 branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register Last day to trade cum-dividend for 12 April 2011 shareholders on the UK register Ex-dividend date for shareholders on 13 April 2011 the UK register Scrip dividend alternative offer closes 12 noon on 15 April 2011 for shareholders on the branch registers in South Africa, Malawi and Zimbabwe and on the Namibian section of the principal register Record date Close of business on 15 April 2011 Trading between registers recommences Opening of business on 18 April 2011 Scrip dividend alternative offer closes 12 noon on 3 May 2011 for shareholders on the UK register Annual General Meeting 12 May 2011 Final dividend payment date and new 31 May 2011 ordinary shares issued under the scrip dividend alternative First day of dealings in new ordinary 31 May 2011 shares issued in respect of the scrip dividend alternative Enquiries External Communications Patrick Bowes +44 (0)20 7002 7440 Investor Relations Deward Serfontein SA +27 (0)82 810 5672 Aleida White UK +44 (0)20 7002 7287 Media William Baldwin-Charles +44 (0)20 7002 7133 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 to 15 million customers in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others. In the year ended 31 December 2010, the Group reported adjusted operating profit before tax of GBP1.5 billion (on an IFRS basis) and had GBP309 billion of funds under management, from core operations. For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com 8 March 2011 Sponsor: Merrill Lynch SA (Pty) Limited Date: 08/03/2011 09:11:15 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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