Wrap Text
Second Interim Dividend for the Year Ended 31 December 2017 (No.35)
OLD MUTUAL PLC
ISIN CODE: GB00B77J0862
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOMOL
Old Mutual
Ref 139/18
15 March 2018
SECOND INTERIM DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2017 (NO. 35)
The Directors of Old Mutual plc (the “Company”) have declared a second interim dividend for the year ended 31
December 2017 of 3.57p per share (the “Second Interim Dividend”), which will be paid on Monday, 30 April 2018.
Shareholders on the South African, Zimbabwean and Malawian branch registers and the Namibian section of the
principal register will be paid the local currency cash equivalents of the Second Interim Dividend under dividend
access trust or similar 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 Second Interim Dividend in
Swedish kronor.
Dividends in currencies other than sterling will be converted at our average effective exchange rate after taking
into account hedging activities and timing of remittances for the relevant period. Accordingly, shareholders in South
Africa and Namibia will receive the full year effective hedge rate achieved by the Company on rand forward sales
undertaken in respect of rand flows supporting the 2017 interim dividends. Shareholders in Zimbabwe, Malawi and
Sweden will be converted in to local currency at the daily weighted average exchange rate for the six month period
from 1 July to 31 December 2017. The local currency cash equivalents of the Second Interim Dividend are
therefore as follows:
South Africa 66.50482 South African cents per share
Malawi 34.14 Malawian kwacha per share
Namibia 66.50482 Namibian cents per share
Zimbabwe 4.71 US cents per share
Sweden 0.39 Swedish kronor per share
These currency equivalents have been calculated using the following exchange rates:
South Africa 18.6288 Rand/£
Malawi 956.38 Malawian kwacha/£
Namibia 18.6288 Namibian dollars/£
Zimbabwe 1.3182 US dollars/£
Sweden 10.8460 Swedish kronor/£
Dividend Tax will be withheld at the rate of 20% from the amount of the gross dividend of 66.50482 South African
cents per share paid to South African shareholders unless a shareholder qualifies for exemption. After the Dividend
Tax has been withheld, the net dividend will be 53.20386 South African cents per share. The Company had a total
of 4,932,779,577 shares in issue at today’s date. 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.
The record date for this dividend payment is the close of business on Friday, 6 April 2018 for all the exchanges
where the Company’s shares are listed. The last day to trade cum-dividend will be Wednesday, 28 March 2018
on the Malawian Stock Exchange, Tuesday 3 April 2018 on the JSE and on the Namibian and Zimbabwean Stock
Exchanges and Wednesday, 4 April 2018 on the London Stock Exchange. The shares will trade ex-dividend from
the opening of business on Thursday, 29 March 2018 on the Malawian Stock Exchange, from the opening of
business on Wednesday, 4 April 2018 on the JSE and on the Namibian and Zimbabwean Stock Exchanges and
from the opening of business on Thursday, 5 April 2018 on the London Stock Exchange.
Share certificates for shareholders on the South African register may not be dematerialised or rematerialised
between Wednesday, 4 April 2018 and Friday, 6 April 2018, both dates inclusive. Transfers between the registers
may not take place between Tuesday, 3 April 2018 and Friday, 6 April 2018, both dates inclusive. Trading in shares
held on the Namibian section of the principal register through Old Mutual (Namibia) Nominees (Pty) Limited will not
be permitted between Tuesday, 3 April 2018 and Friday, 6 April 2018, both dates inclusive.
Enquiries
External communications
Patrick Bowes +44 20 7002 7440
Investor relations
Dominic Lagan (Old Mutual plc) +44 20 7002 7190
John-Paul Crutchley (Old Mutual Wealth) +44 20 7002 7016
Nwabisa Piki (Old Mutual Emerging Markets) +27 11 217 1951
Media
William Baldwin-Charles +44 20 7002 7133
+44 7834 524833
Notes to Editors
About Old Mutual plc
Old Mutual plc is a holding company for several financial services companies. In March 2016, it announced a new
strategy of managed separation entailing the separation of its underlying businesses into independently-listed,
standalone entities.
The managed separation strategy seeks to preserve and release the value currently trapped within the group
structure. The managed separation will be materially complete by the end of 2018.
OM Asset Management, a US based institutional asset manager, is now independent from Old Mutual. The
remaining underlying businesses are:
Old Mutual Emerging Markets: Old Mutual Emerging Markets seeks to become a premium African financial
services group that offers a broad spectrum of financial solutions to retail and corporate customers across key
market segments in 17 countries.
Nedbank: Nedbank ranks as a top-5 bank by capital on the African continent and Ecobank, in which Nedbank
maintains a 21.2% shareholding, ranks within the top-10 banks by assets on the African continent.
Old Mutual Wealth: Old Mutual Wealth is a leader in the UK and in selected offshore markets in wealth
management, providing advice-led investment solutions and investment platforms to over 900,000 customers,
principally in the affluent market segment.
For the year ended 31 December 2017, Old Mutual reported an adjusted operating profit before tax of £2.0 billion.
For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at
www.oldmutualplc.com.
Sponsor:
Merrill Lynch South Africa (Pty) Ltd
Joint Sponsor:
Nedbank Corporate and Investment Banking
Date: 15/03/2018 09:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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